ODDIX raised 625 million euros, while non-competitive offers of 187.5 million euros were also submitted.
With an interest rate of 1.95% today, Wednesday, the Greek government borrowed 625 million euros through six-monthly interest-bearing promissory notes in the shadow of the turmoil in the markets due to the energy crisis. The interest rate in August was 1.05%.
ODDIX raised 625 million euros, while non-competitive offers of 187.5 million euros were also submitted.
The yield on the Greek 10-year bond earlier showed a 4% increase from yesterday Tuesday, reaching the secondary bond market shortly before the 5.05%, under the burden of liquidations. The corresponding German bond yielded 2.33%. Thus the margin between Greek – German bonds exceeded 2.72%.
The announcement of the Directive
An auction of 6-month interest-bearing promissory notes was held on Wednesday, amounting to 625 million euros. The yield stood at 1.95%, up from 1.05% in August. A total of 1,421 million euros were submitted, which exceeded the requested amount by 2.27 times.
The auction was conducted through Primary Dealers and the settlement date is Friday 30 September 2022.
Offers were accepted up to the auctioned amount, as well as non-competitive offers of €187.5 million.
In accordance with the Rules of Operation of the Main Market Dealers, additional non-competitive bids of 30% of the auctioned amount may be submitted until Thursday, September 29, 2022, at 12 p.m.
It is noted that no commission is paid during the auctions.
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