T-bill sale.

Kathimerini English - - Focus -

Greece will sell 875 mil­lion eu­ros of three-month trea­sury bills on Au­gust 12 to re­fi­nance a ma­tur­ing is­sue, debt agency PDMA said yesterday, its sec­ond rollover this month. Athens suc­cess­fully re­fi­nanced six-month pa­per ear­lier this week, man­ag­ing to keep its public fi­nances afloat as the gov­ern­ment ne­go­ti­ates a third bailout with its in­ter­na­tional cred­i­tors. In a rollover, T-bill hold­ers – mostly banks – re­new their po­si­tions in­stead of get­ting paid on the ma­tur­ing pa­per they hold. The set­tle­ment date of the new T-bills will be Au­gust 14. Only pri­mary deal­ers will be al­lowed to par­tic­i­pate and no com­mis­sion is to be paid.

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