An auction of 3-month Greek Treasury bills, in dematerialised form, for the amount of €500 million, maturing on 4 April 2025, will take place on Tuesday, 31 December 2024. 

The settlement date will be Friday, 3 January 2025 (T+2). Interest on the bonds is calculated on an ACT/360-time basis. 

The auction will be conducted by competitive bids from the Main Market Traders in the U.S., in accordance with the procedure provided for in their Rules of Procedure. 

In addition, under the Rules of the Primary Dealers, non-competitive bids may be submitted on the day of the auction until 12.00 pm. Non-competitive bids will be satisfied at the price of the last bid accepted in the auction (cut-off price) up to a total amount of 20% of the auctioned amount. 

No additional non-competitive bids will be accepted on Thursday, January 2, 2025. No commission will be paid for the notes.

In parallel with the auction, the Hellenic State offers the possibility for natural persons (individuals) to acquire these securities through public subscription at any bank or stock exchange company, with a maximum nominal value per natural person of EUR 15,000. The offer price will be the price of the last offer accepted in the auction (cut-off price). 

The total amount of securities to be offered through this procedure will be announced after the completion of the public offering. 

A prerequisite for the purchase of the securities is their registration in a share of the S.A.T. The procedure for opening such a share is carried out through the above-mentioned distribution agents, with the necessary documents being the identity card and the personal identification number. 

It is reminded that both individuals and legal entities can obtain government securities (treasury bills or Greek government bonds) through banks and stock exchange companies in accordance with the existing normal procedures.