Greece will issue six-month treasury bills worth 1.25 billion euros (1.58 billion dollars) on July 13, officials said Friday, marking the debt-hit country's first market foray after a loan bailout. '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 package from the European Union and the International Monetary Fund. Greek treasury bills worth 4.56 billion euros mature this month. One-year and six-month bills worth a combined 2.16 billion euros must be settled on July 16 and three-month paper worth 2.4 billion needs to be redeemed a week later, according to the Greek debt management agency. Analysts had doubted an early return to markets as continued uncertainty over Greece's frail economy have kept its borrowing costs at prohibitive levels. The country is labouring under a mountain of debt approaching 300 billion euros and its economy is caught in a recession spiral. 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 there should be 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 selfnews in an interview. In its last outing on April 20, Greece raised 1.95 billion euros in 13-week treasury bills and drew major demand but had to pay over double the previous equivalent interest rate. Greek Prime Minister George Papandreou called for the EU-IMF bailout loan three days later. 