Greece to auction 625mn euros of three-month T-bills on July 10

ATHENS: Greece will sell 625 million euros ($703.81 million) of three-month treasury bills on July 10 to refinance maturing debt, its debt agency PDMA said on Friday.

The agency rolled over three-month T-bills in May with the paper priced to yield 0.34%.

The settlement date of the new T-bills will be July 12. Only primary dealers will be allowed to participate and no commission will be paid.

Primary dealers can submit non-competitive bids for up to an additional 30 percent of the auctioned amount until July 11, PDMA said.