Greece will sell 500 million euros ($581.90 million) worth of six-month treasury bills on July 23, the country’s debt agency PDMA said on Friday.
The previous auction of six-month T-bills in June yielded 1.75%. The settlement date of the new paper is July 25.
Only primary dealers will be allowed to participate and no commission will be paid, the PDMA said. Additionally, primary dealers may submit non-competitive bids for up to 20% above the auction’s offered amount.
($1 = 0.8593 euros)