Athens, January 4, 2016/Independent Balkan News Agency
By Olga Mavrou
On January 5, 2016 the Hellenic Republic will auction 26 Weeks T-Bills, in book entry form, with maturity July 8, 2016. The amount to be auctioned is 1,250 million euro and settlement date is January 8, 2016 (T+2).
Only Primary Dealers are allowed to participate, according to their operation regulations and only bids through the Electronic Trading System (H.D.A.T.) will be accepted.
During the auction non – competitive bids can be submitted up to 30% of the auction amount. On top of that, Primary Dealers can submit non-competitive bids up to another 30% of the auctioned amount, until January 7, 2016 (12:00 p.m. local time).
The day count convention is ACT/360. No commission will be paid for the T-Bills auctioned.
On the same date, the Greek government will proceed with the issuance of 26 weeks Treasury bills. Individuals can participate in the purchase of these initially for up to 15,000 euros each.