The yield in the auction of 26-week €500 million of 26-week Treasury bills conducted today by the Greek State was 3.30%. In the previous auction on April 26, the yield was 3.44%.

As stated in the announcement of the Hellenic Republic, total bids of €1,196 million were received, which exceeded the amount requested by 2,39 times. The auction was conducted through the Primary Dealers, and the settlement date is Friday, July 26, 2024.              

Bids were accepted up to the amount of the auctioned amount, as well as non-competitive bids of €100 million. No additional non-competitive bids will be accepted on Thursday, July 25, 2024.  Please note that no commission will be paid during the auctions.

On Wednesday, July 31, 2024, an auction of 13-week Hellenic Treasury Bonds, in dematerialized form, for an amount of €500 million, maturing on November 1, 2024, will be held. The settlement date will be Friday, August 2, 2024 (T+2). 

Interest on the bonds is calculated on an ACT/360-time basis. In accordance with the guidelines outlined in their Operating Regulations, the Main Market Traders in the U.S.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 (cut-off price) up to a total amount of 20% of the auctioned amount. 

No additional non-competitive bids will be accepted on Thursday, August 1, 2024. No commission will be paid for the notes.

In parallel with the auction, the Hellenic State provides the opportunity 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 €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. 

Subscription period: From Tuesday, July 30, 2024, to Thursday, August 1, 2024.

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.