On May 13th, Greece will sell 1.0 billion euros worth of three-month treasury bills, in order to refinance a maturing concern, as reported today by the nation's debt firm PDMA.
Athens currently holds an approximated 15 billion euro T-bill stock, that is routinely financed. In April, the nation sold a three-month treasury paper at 2.45%; this marks the lowest funding rate since January 2010.
The transaction's settlement is scheduled for May 16th. There will be no commission paid out in the transaction(s) and only primary dealers are eligible for the T-bill sale.
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