January 11, 2013 / 11:52 AM / 5 years ago

Greece to sell three-month T-bills on Jan 15-debt agency

ATHENS, Jan 11 (Reuters) - Greece will auction 1.25 billion euros ($1.65 billion) of three-month T-bills on Jan. 15, the country’s debt agency PDMA said on Friday.

The T-bills will be sold into a rollover. The settlement date will be Jan. 18. 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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below