Only Key Dealers will participate in the auction
On the markets with its reissue five-year bond the Greek State is coming out tomorrow in order to raise 250 million euros.
As announced by the Public Debt Management Organization, “On Wednesday, October 16, 2024, an Auction will be held for the reissue of Greek Government Bonds, with a fixed interest rate of 3.875%, maturing on March 12, 2029, in intangible form, ISIN GR0124035693.
The purpose of the reissuance is to satisfy investment demand and at the same time to facilitate the functioning of the secondary bond market.
The amount to be auctioned will be up to 250 million euros and the settlement date will be Wednesday, October 23, 2024 (T+5).
According to the APE MPE, the auction will be attended only by Basic Negotiators (B.D.) by submitting, through HDAT, exclusively up to 5 competitive offers each, which must be submitted by 12:00 noon (pm) , local time, on October 16, 2024 and which are satisfied up to the amount of the auctioned amount, at the price of the last offer accepted at the auction (cut off price)”.
