Greece to auction 625mn euros of 12-month T-bills on Sept 12

ATHENS: Greece will sell 625 million euros ($726.94 million) of 12-month treasury bills on September 12, its debt agency PDMA said on Friday.

It would be the third such issue since the country's debt crisis broke out eight years ago and the first after Greece emerged from bailouts in late August.

The debt agency sold 12-month T-bills in June with the paper priced to yield 1.09 percent.

The settlement date of the new T-bills will be September 14. Only primary dealers will be allowed to participate and no commission will be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until June 14, PDMA said.