The Greek government is going to the markets today with the re-issuance of the five-year bond in order to raise €250 million.

As announced by the Public Debt Management Agency, "On Wednesday, 16 October 2024, an auction will be held for the re-issue of Greek government bonds, fixed rate 3.875%, maturing on 12 March 2029, in dematerialised form, ISIN GR0124035693.

The purpose of the reissue is to satisfy 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, 23 October 2024 (T+5).

Only Principal Dealers (B.D.) will participate in the auction by submitting, through the EDAT, exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (pm), local time, on October 16, 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)".