Greece to sell 1-month and 6-month T-bills Dec 11- debt agency

ATHENS Fri Dec 7, 2012 5:32am EST

ATHENS Dec 7 (Reuters) - Greece will auction 2.125 billion euros of one-month treasury bills and 1.25 billion of 6-month paper on Dec. 11, the country's debt agency PDMA said on Friday.

The T-bills will be sold into a rollover. The settlement date will be Dec. 14. 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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.