Three-month T-bill auc­tion next week

Kathimerini English - - Focus -

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.

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