ODDIH announces auction of 6-month Treasury bills for 2 September
The public debt management agency ODDIH has announced its intention to auction 6-month Treasury bills, in book entry form…
The public debt management agency ODDIH has announced its intention to auction 6-month Treasury bills, in book entry form, on Wednesday, the 2nd of September. The amount that will be auctioned will be 875 million euros.
According to the official statement the settlement date is Friday, the 4th of September and only Primary Dealers are allowed to participate, according to their operation regulations.
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 noon on Thursday, 3rd of September/
Furthermore, the statement noted that the day count convention is ACT/360 and that no commission will be paid for the Treasury bills that are auctioned. Only bids through the Electronic Trading System (H.D.A.T.) will be accepted.