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Greece to auction 625mn euros of 3-month T-bills Oct. 15

Published October 10, 2014 Updated October 10, 2014 12:25pm
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By Shoaib Ur Rehman
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imageATHENS: Greece will auction 625 million euros ($792 million) of three-month treasury bills on October 15 to refinance a maturing issue, the country's debt agency PDMA said on Friday.

The settlement date will be October 17. Only primary dealers will be allowed to participate and no commission will be paid.

Athens has a stock of about 15 billion euros of T-bills that it regularly refinances. A previous sale of three-month paper in September was priced to yield 1.70 percent.

Copyright Reuters, 2014

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