ATHENS – [ANA-MPA]
On January 21 the Hellenic Republic will auction 26 Weeks T-Bills, in book entry form, with maturity July 24. As announced by the Public Debt Management Agency the amount to be auctioned is 400 million euros.
Settlement date is January 23 (T+2). Only Primary Dealers are allowed to participate, according to their Operation Regulations, effective as of January 1. During the auction non – competitive bids can be submitted up to 25% of the auction amount until 12:00 pm local time.
Non- competitive bids shall be allotted at the weighted average price of the successful competitive bids. No additional non-competitive bids will be accepted on January 22. The day count convention is ACT/360. No commission will be paid for the T-Bills auctioned. Only bids through the Electronic Trading System (HDAT) are accepted.
