ATHENS: Greece will sell 625 million euros ($697.13 million) of three-month treasury bills on May 8 to refinance maturing debt, its debt agency PDMA said on Friday.

The agency rolled over three-month T-bills last month with the paper priced to yield 0.35 percent.

The settlement date of the new T-bills will be May 10. 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 May 9, PDMA said.