Greece to auction 875mn euros of six-month T-bills on Feb. 28

23 Feb, 2018

Athens rolled over six-month T-bills last month, with the paper priced to yield 1.13 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 T-bills will be March 2. 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 March 1, PDMA said.

Copyright AFP (Agence France-Press), 2018

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