ECONOMY

Greece to auction more 3-month T-bills on December 10

Greece will auction additional three-month T-bills on December 10 to raise an extra 1 billion euros over its regular monthly auction, the country’s debt agency PDMA said on Friday.

Greece has no immediate funding needs but was due to get a final tranche of 1.8 billion euros from the EU this month that is expected to be held up because of a deadlock over bailout review talks.

The country will also auction six-month T-bills on December 10 to raise 1.25 billion euros, as part of its regular monthly issues.

The settlement date for both auctions will be December 12. Only primary dealers will be allowed to participate and no commission will be paid.

[Reuters]