An auction will be held for the reissue of a Greek 10-year bond with a fixed interest rate of 3.375%, maturing on June 15, 2034, in dematerialized form (ISIN: GR0124040743), according to the Public Debt Management Agency (PDMA). The auction is scheduled for Wednesday.
The purpose of the re-issuance of these Greek government bonds is to meet investor demand while also facilitating the functioning of the secondary bond market.
The auctioned amount will be up to 250 million euros, with the settlement date set for Wednesday, Sept. 25, 2024 (T+5).
In today’s auction, only Primary Dealers (PDs) will be eligible to participate, submitting up to five competitive bids each through HDAT (the electronic secondary securities market).
These bids must be submitted by 12:00 PM Wednesday. Bids will be accepted up to the auctioned amount, based on the cut-off price, which is the price of the last accepted bid.
Only competitive bids will be considered, and the auction results will be factored into the evaluation of the PDs. No commission will be paid for the bonds issued in this auction.
The 2025 Plan
Greece plans to raise between 8 billion and 10 billion euros from debt markets in 2025 through a mix of short- and long-term bond issues to continue the early repayment of bailout loans, two government sources told Reuters today, outlining the Public Debt Management Agency’s (PDMA) strategy for the upcoming year.
Having regained its investment-grade status last year, Greece has made significant strides in improving its fiscal performance. The country’s borrowing costs have sharply decreased as it recovers from the financial crisis of 2009-2018.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Greek Inflation at 3.2% in August, Eurozone at 2.2%
The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.
Eurobank: Green Bond Oversubscribed by 5.4 Times
This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.
Blast on Airplane in Crete Delays Departure
The explosion was likely caused by an electronic cigarette and a power bank in a handbag left by a passenger in her seat
Andros – A ‘Hidden Paradise” Worth Exploring
German site introduces its readers to the second-largest Greek island of the Cycladic cluster, lauding its idyllic beaches, and exceptional local cuisine
Govt Announces More Regulations For Short-Term Rentals
This legislation will impose new obligations on property owners offering AirBnB-like leasing, mostly conditions related to health, safety and operational guidelines
Ellinikon: Major Real Estate Investment By Prokopiou Family
Lamda Development cited a consideration of 150mln€ for the land transaction with a Prokopiou -owned company, with a total investment billed at half a billion
Commission Pres. Unveils New EU Lineup, Tzitzikostas among Appointees
Additionally, she pointed out the gender balance in her team, with 11 women making up 40% of the European Commissioners, though she remarked that when the initial nominations were submitted, the figure stood at just 22%.
Greece Launches Startup Visa to Boost Foreign Investment and Tech Talent
The program is anticipated to attract investors as the investment required for the Startup Visa is significantly lower, compared to the 400,000 euros necessary for the acquisition of the Golden Visa.
Greek Economy Expands 2.3%, Boosting Growth Outlook Through 2028
For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%
Greece Introduces Cruise Passenger Levy, Tightens Rules on Short-Term Rentals
Specifically, the minister announced a cruise passenger levy of 20 euros per person disembarking at the ports of Mykonos and Santorini, and 5 euros at other Greek ports, applicable from June 1 to Sept. 30
