Greece to auction 625mn euros of 3-month T-bills on Oct 10

ATHENS: Greece will sell 625 million euros ($718.25 million) of three-month treasury bills on October 10 to refinance a maturing issue, debt agency PDMA said on Friday.

Athens rolled over three-month T-bills last month, with the paper priced to yield of 0.65 percent.

The settlement date of the new T-bills will be on October 12. Only primary dealers will be allowed to participate and no commission is to be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until October 11, PDMA said.