ATHENS: Greece will sell 875 million euros ($1.23 billion) of three-month treasury bills on May 9 to refinance a maturing issue, debt agency PDMA said on Friday.
Athens rolled over three-month T-bills last month, with the paper priced to yield 0.79 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.
The settlement date of the new T-bills will be May 11. 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 10, PDMA said.
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