PDMA announces auction of 26-week T-Bills to raise 500 mln euros

The Public Debt Management Agency (PDMA) on Friday announced an auction of 26-week T-Bills on March 26, 2025, in book entry form, maturing on September 26, 2025. The amount to be auctioned is 500 million euros.

According to the announcement, the settlement date is on March 28, 2025 (T+2) and only Primary Dealers are allowed to participate, according to their operation regulations.

During the auction non-competitive bids can be submitted up to 20% of the auction amount, until 12:00 local time. No additional non-competitive bids will be accepted on March 27, 2025. Only bids through the Electronic Trading System (H.D.A.T.) are accepted.