Auction for the issuance of Interest-bearing Promissory Notes of the Greek State lasting 26 weeks, in intangible form, amounting to 625 million euros, due January 26, 2024, will be carried out next Wednesday, July 26, by the Public Debt Management Organization.

The settlement date will be Friday, July 28, 2023 (T+2). Interest on interest are calculated on an ACT/360 time basis.

The auction will be conducted with competitive offers from the Basic Market Dealers at H.D.A.T., in accordance with the procedure provided by their Operating Regulations.

Also, based on the Regulation of Basic Negotiators, it is possible to submit non-competitive offers, both on the day of the auction, and during the period of one (1) working day after its end, and until 12:00 p.m.

Non-competitive offers will be satisfied at the price of the last offer accepted at the auction (cut-off price) up to a total of 30% of the auctioned amount for each of the above two cases. For interest-bearing bills no commission will be given.