The Greek Government is going to the bond market today with the reissue of two bonds.

As announced by the Public Debt Management Agency on Wednesday, February 14, 2024, an auction will be held for the reissue of the following Greek Government Bonds:

– Fixed rate 3.875%, maturity date June 15, 2028,
– Fixed rate 4.25%, maturity date June 15, 2033.

The purpose of the reissue, according to the Public Debt Management Agency, is to meet investment demand and facilitate the operation of the secondary bond market.

The amount to be auctioned will be:

Up to 200 million euros for the bonds maturing on June 15, 2028,
Up to 200 million euros for the bonds maturing on June 15, 2033.

The settlement date will be Wednesday, February 21, 2024 (T+5).

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Only Primary Dealers will participate in the auction, submitting exclusively, up to 5 competitive bids each, which must be submitted by 12:00 noon, local time, on February 14, 2024, and which are satisfied up to the amount being auctioned, at the price of the last bid accepted at the auction (cut-off price).

Only competitive bids will be accepted at the auction. This auction will be taken into account for the evaluation of Primary Dealers.

No commission will be given for the Bonds.