ECONOMY

Greece to auction 625 mln euros of 3-month T-bills on January 14

Greece will sell 625 million euros ($739 million) of three-month treasury bills on January 14 to refinance a maturing issue, the country’s debt agency PDMA said on Friday.

The settlement date will be January 16. Only primary dealers will be allowed to participate and no commission will be paid.

Athens has a stock of about 15 billion euros of T-bills that it regularly refinances with the help of Greek banks. A previous sale in December was priced to yield 1.90 percent.

[Reuters]