The Greek government is going to the markets, as it has scheduled an auction for tomorrow, Wednesday, November 20, 2024, for the re-issuance of a 10-year government bond, maturing on June 15, 2034.

As the Public Debt Management Agency  said in a statement, the fixed interest rate will be 3.375%, while the securities will be traded in dematerialised form.

According to the announcement, the purpose of the reissue is to meet investment demand and, at the same time, 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, 27 November 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 20 November 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).