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Business & Finance

Greece to auction 875mn euros of 3-month T-bills on Nov. 12

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By Shoaib Ur Rehman
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imageATHENS: Greece will auction 875 million euros (1.08 billion US dollar) of three-month treasury bills on November 12 to refinance a maturing issue, the country's debt agency PDMA said on Friday.

The settlement date will be November 14. 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 October was priced to yield 1.70 percent.

Copyright Reuters, 2014

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