Greece will sell 1.0 billion euros ($1.15 billion) of three-month Treasury bills on Sept. 9 to refinance a maturing issue, debt agency PDMA said on Friday.
Athens successfully refinanced three-month paper last month, managing to keep its public finances afloat as it heads for national elections on Sept. 20. The T-bills were priced to yield 2.70 percent.
In a rollover, T-bill holders – mostly banks – renew their positions instead of getting paid on the maturing paper they hold.
The settlement date of the new T-bills will be Sept. 11. Only primary dealers will be allowed to participate and no commission is to be paid. [Reuters]