ATHENS: Greece will sell 500 million euros ($520.40 million) of three-month treasury bills on Dec. 31, its PDMA debt agency said on Friday.

The agency last sold three-month T-bills in October at a yield of 2.63%.

The settlement date of the new paper is Jan. 3.

Greece to auction three-month T-bills on April 6

Only primary dealers will be allowed to participate and no commission will be paid, the PDMA said.

During the auction, primary dealers can submit non-competitive bids for up to an additional 20% of the auctioned amount.