From today until Thursday, natural persons who wish to buy six-month interest-bearing Greek government bonds with yields approaching 3.9% can register with banks and brokerage firms.

Any natural person can buy securities up to 15,000 euros without commission . The possibility to participate in the issuance of interest-bearing government bonds was given as a counterweight to the very low returns on deposits.

The announcement in detail:

On Wednesday, January 24, 2024, the Greek Government will issue 26-week interest-bearing promissory notes. The issue will be made through an auction in which the Main Dealers of the Greek Government securities participate. Friday, January 26, 2024 (T+2) has been set as the settlement date.

In parallel with the auction, the Greek State provides natural persons (individuals) with the possibility to purchase the securities in question through a public registration in any Bank or Stockbroking Company, with a maximum nominal value for each natural person of 15,000 Euros. The disposal price will be the price of the last bid accepted at the auction (cut-off price). The total amount of securities to be allocated through this process will be announced after the completion of the public registration.

Registration period: From Tuesday 23 January 2024 to Thursday 25 January 2024.

A necessary condition for the purchase of the securities is their registration in a portion of the S.A.T. The process of opening such a portion is done through the above distribution agencies, with the necessary supporting documents, the Police ID and the A.F.M.

It is recalled that both natural and legal persons can purchase government securities (Greek Treasury Bills or Bonds) through Banks and Brokerage Companies, in accordance with existing normal procedures.