On Wednesday, 25 September 2024, an auction of 26-week Hellenic Treasury Bonds, in dematerialised form, for the amount of €500 million, maturing on 28 March 2025, will be held. The settlement date will be Friday, 27 September 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, September 26, 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 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 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 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.