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, on Wednesday, the 2^nd of September. The amount that will be auctioned will be 875 million euros.

According to the official statement the settlement date is Friday, the 4^th 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, 3^rd 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.