Greece to auction 625mn euros of 3-month T-bills on April 13

ATHENS: Greece will sell 625 million euros ($710.6 million) of three-month Treasury bills on April 13 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens successfully rolled over 1.3 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 April 15. Only primary dealers will be allowed to participate and no commission is to be paid.