Greece will auction 13-week treasury bills (T-Bills) on Wednesday, October 2, says the country’s Public Debt Management Agency (PDMA).
The PDMA says it will auction off 500 million euros worth of T-Bills, and they will will have a maturity date of January 3, 2025.
The Agency adds that only primary dealers can participate in the auction and that the settlement date for the T-Bills is October 4.
The Terms
Non-competitive bids can be submitted which are up to 20% of the auction amount until 12:00 p.m. Athens time, on October 2.
No commission will be paid for the T-Bills auctioned, says the PDMA, and only bids made through the Electronic Trading System will be accepted.
Last Week’s Treasury Bills Auction Results
On September 25 Greece auctioned another 500 million in T-Bills, but those carried a 26-week maturity date.
The PDMA says that total bids reached 1,062 million euros, and that it finally accepted 600 million euros in bids, which had a yield of 2.85%.
The yield was lower than that of the 500 million euros in 26-Week T-Bills that were auctioned on August 21, which carried a 3.09% yield.
