On Wednesday, 18 September 2024, an auction will be held for the re-issuance of Greek government bonds with a fixed interest rate of 3.375%, maturing on 15 June 2034, in dematerialised form, ISIN GR0124040743.
The purpose of the reissue is to satisfy investment demand and at the same time facilitate the operation of the secondary bond market, according to the announcement.
The amount to be auctioned will be up to €250 million, and the settlement date will be Wednesday, 25 September 2024 (T+5).
The auction will only be open to Primary Dealers (B.D.) by submitting, through the ODDIX, exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (pm), local time, on 18 September 2024 and which are satisfied up to the amount of the auctioned amount at the price of the last bid accepted in the auction (cutoff price).
Only competitive bids will be accepted in the auction. This auction will be taken into account for the evaluation of the B.D. No commission will be paid for the bonds.