Today, the Greek State will go to the markets, a few days before the national elections, in order to raise 400 million euros by reissuing 10-year and 15-year bonds.

An auction will be held for the reissuance, as announced by the Public Debt Management Agency (P.D.M.A.), of the following Greek Government Bonds:

a) fixed interest rate of 4.25%, due June 15, 2033, in intangible form, ISIN GR0124039737,

b) fixed interest rate of 4.00%, maturity 30 January 2037, in intangible form, ISIN GR0133011248.

The purpose of the reissuance is to satisfy investment demand and at the same time to facilitate the functioning of the secondary bond market.

The amount

The amount to be auctioned will be:

a) up to 250 million euros for bonds maturing on June 15, 2033,

b) up to 150 million euros for bonds maturing on January 30, 2037.

The settlement date will be Wednesday, May 24, 2023 (T+5).

Only Primary Dealers will participate in the auction by submitting, through the Electronic Secondary Securities Market (HDAT), exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (pm), local time, on the 17th May 2023 and which are satisfied up to the amount of the auctioned amount, at the price of the last bid accepted at the auction (cut off price).

Only competitive bids will be accepted at the auction. This auction will be taken into account for the evaluation of the B.D., while no commission will be given for the Bonds.

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