Greece to sell 625 mln of 6-month T-bills on Feb. 5

Greece will auction 625 million euros of six-month treasury bills on Feb. 5 to roll over maturing debt, the country’s debt agency PDMA said on Friday.

The settlement date will be Feb. 8. 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.