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Greece Schedules August 5th T-Bill Sale

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Greece is set to sell 625 million euros worth of six-month Treasury bills next week on August 5th, according to the national debt agency.

The auction plans to refinance a maturing concern. This month, the nation sold three-month Treasury bills worth 813 million euros, which assisted in maintaining public finances when faced with bank closures.

August 7th marks the settlement schedule of the new T-bills. No commission payments will occur and primary dealers are the only participants allowed to take part in the sale.

(Source: Reuters)