Greece to sell 1-month and 6-month T-bills Dec 11

Greece will auction 2.125 billion euros of one-month treasury bills and 1.25 billion of 6-month paper on Dec. 11, the country’s debt agency PDMA said on Friday.

The T-bills will be sold into a rollover. The settlement date will be Dec. 14. Only primary dealers will be allowed to participate and no commission will be paid.

Monthly T-bill sales are Greece’s sole remaining source of market funding. Greek banks buy the bulk of the issues and deposit them as collateral to draw liquidity from the central bank.


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