Greece to sell 1 bln euro in 3-month T-Bills on Feb. 12

Greece will auction 1 billion euros of three-month T-bills on February 12 to roll over maturing debt, the country’s debt agency PDMA said on Friday.

The settlement date will be February 15. 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.