Friday, 09 July 2010 13:13
Greece will issue six-month treasury bills worth 1.25 billion euros (1.58 billion dollars) on July 13, the debt management agency said on Friday.
"On July 13, 2010 the Hellenic Republic will auction 26-week T-Bills ... with maturity 14 January 2011," an agency statement said.
"The amount to be auctioned is 1,250 million euros," it added.
The planned outing is Greece's first after it was narrowly saved from a debt default in May by a 110-billion-euro rescue loan from the European Union and the International Monetary Fund.
Greek treasury bills worth 4.56 billion euros mature this month.
Analysts had doubted an early return to markets as continued uncertainty over Greece's frail economy have kept its borrowing costs at prohibitive levels.
But the Greek finance minister last week said the country's return to borrowing after the massive EU-IMF loan bailout is "no market test" and should have no trouble finding demand.
"The logic is that one should always remain on the market to have reference prices. Failure to roll over short-term obligations does not send a good signal," Finance Minister George Papaconstantinou told AFP in an interview.