High demand was recorded today in the auction (reopening) of the 10-year Greek government bond as bids exceeded the amount the Ministry of Finance was seeking to raise by 3.7 times.

This development resulted in the yield of the bond falling to 3.11% compared to 3.56% in the previous auction, which took place in June.

More specifically, in the re-issue through an auction of Greek 3.375% Greek securities maturing on 15 June 2034, amounting to €250 million, the bids submitted amounted to €924 million, and the yield of the bond was 3.11%.

The Greek state will eventually raise €250 million.

The purpose of the reissue is to meet investment demand and, at the same time, to facilitate the operation of the secondary bond market. The amount to be auctioned will be up to €250 million, and the settlement date will be Wednesday, 25 September 2024 (T+5).