Three-month T-bill auction next week
Greece will sell 625 million euros of three-month treasury bills on Wednesday, July 12 to refinance a maturing issue, debt agency PDMA said yesterday. Athens rolled over three-month T-bills last month, with the paper priced to yield 2.70 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new Tbills will be July 14. Only primary dealers will be allowed to participate and no commission is to be paid. plying a restructuring plan for the entire construction segment of the company as well as other activities. With reference to 2916 results, the firm’s leadership team expressed optimism that the group will become profitable again. Emphasis was placed on the implementation of concession projects in Greece and projects undertaken abroad. The group aims to further expand, in addition to Germany, to countries in Eastern Europe, the Middle East and North Africa. Ellaktor added that it is now active in 25 foreign countries.