Greece to auction 1.0bn euros of 3-month T-bills on March 9

ATHENS: Greece will sell 1.0 billion euros ($1.10 billion) of three-month Treasury bills on March 9 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens successfully rolled over 1.138 billion euros of three-month T-bills last month, with the paper priced to yield 2.70 percent.

In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.

The settlement date of the new bills will be March 11. Only primary dealers will be allowed to participate and no commission is to be paid.