The Ministry of Finance will hold a scheduled auction for the reissuance of Greek Government Bonds, with a fixed interest rate of 4.25%, due June 15, 2033, in intangible form
The Hellenic State enters the markets today after the upgrade of its credit rating by the rating agency Moody’s.
Specifically the Ministry of Finance will hold a scheduled auction for the reissuance of Greek Government Bonds, with a fixed interest rate of 4.25%, maturing on June 15, 2033, in intangible form,
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 to be auctioned will be up to 200 million euros and the settlement date will be Wednesday, September 27, 2023 (T+5).
Only Primary Dealers (ND) will participate in the auction by submitting, through HDAT, exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (pm), local time, on the 20th September 2023 and which are satisfied up to the amount of the auctioned amount, at the price of the last offer accepted at the auction (cut off price).
Source: Skai
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