The Greek government will proceed with a new auction of three-month Treasury bills next week. The Public Debt Management Agency has announced that an auction of €500 million worth of 13-week Greek Treasury bills in dematerialized form, maturing on October 4, 2024, will take place on Wednesday, July 3, 2024.

It is recalled that the yield of the 13-week Treasury bills was 3.67% at the previous auction in April.

The settlement date will be Friday, July 5, 2024 (T+2). Interest on the notes is calculated on an ACT/360-time basis.

According to the procedures outlined in their Rules of Operation, the Main Market Traders in the U.D.A.T. will conduct the auction through competitive bids.

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 (the cut-off price) up to a total of 20% of the auctioned amount.

No additional non-competitive bids will be accepted on Thursday, July 4, 2024.

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 the securities in question through public subscription at any Bank or Stock Exchange company, with a maximum nominal value per natural person of EUR 15,000. The offering 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 may obtain government securities (Greek Government Notes or Greek Government Bonds) through Banks and Stock Exchange companies in accordance with the existing normal procedures.