ECONOMY

Greece to auction 625 mln euros of 12-month T-bills on March 14

Greece to auction 625 mln euros of 12-month T-bills on March 14

Greece will sell 625 million euros ($769.06 million)of 12-month treasury bills on March 14, its debt agency PDMA said on Friday.

It would be the first such T-bill issue since the country’s debt crisis broke out in 2010.

The settlement date of the new T-bills will be March 16. Only primary dealers will be allowed to participate and no commission is to be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until March 15, PDMA said. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.