January 4, 2013 / 11:06 AM / 5 years ago

Greece to sell one-month and 6-month T-bills Jan 8- debt agency

ATHENS, Jan 4 (Reuters) - Greece will auction 750 million euros of one-month treasury bills and 1.25 billion of six-month paper on Jan. 8, the country’s debt agency PDMA said on Friday.

The T-bills will be sold into a rollover. The settlement date will be Jan. 11. 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.

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