The Greek State heads to the markets tomorrow with a 10-year bond

The Greek State will enter the markets tomorrow through the reissuance of a 10-year bond worth 250 million euros.

As announced by the Public Debt Management Agency (PDMA), on Wednesday, April 16, 2025, an auction will be held for the reissuance of Greek Government Bonds, with a fixed interest rate of 3.875%, maturing on March 12, 2029, in dematerialized form.

The purpose of the reissuance is to satisfy investment demand while also facilitating the operation of the secondary bond market.

The amount to be auctioned will be up to 200 million euros, and the settlement date will be Friday, April 25, 2025 (T+5).

Only Primary Dealers (PDs) will participate in the auction, by submitting exclusively up to 5 competitive bids each via the HDAT system, no later than 12:00 noon local time on April 16, 2025. The bids will be accepted up to the total amount offered, at the price of the last accepted bid in the auction (cut-off price).

Only competitive bids will be accepted in the auction. This auction will be taken into account in the evaluation of the PDs. No commission will be paid for the bonds.