Greece will not sell T-bills in December -PDMA chief

Greece will not hold its regular monthly T-bill auctions in December due to a lack of investor interest in the holiday season, the Public Debt Management Agency (PDMA) said on Friday.
"In line with its policy of monthly T-bill sales, the PDMA will proceed to its next auction in 2011," PDMA chief Petros Christodoulou told Reuters.
"As already known, the PDMA had announced it would avoid T-bill auctions in August and December due to the holiday season," he added.
Shut out of bond markets in the wake of its debt crisis, Greece switched to monthly auctions of short-term debt in September. Borrowing costs declined for two months but rose again in November on euro zone periphery concerns.