They overcame the 1.3 billion euros (1.334 billion euros) the bids in the two bond auctions held today by the Greek State.

Specifically, the Public Debt Management Organization proceeded with the reissuance of the following Greek Government Bonds:

  • fixed rate of 3.875%, due June 15, 2028,
  • fixed interest rate of 4.25%, maturity June 15, 2033.

With regard to the 3.875% fixed rate bond maturing on June 15, 2028, the bids reached 623 million euros, compared to the 200 million euros expected to be raised by the State.

The bond’s yield rose to 2.85% from 2.72% set at the previous January 2024 auction.

For the bond maturing on June 15, 2033 with a fixed interest rate of 4.25%, offers of 711 million euros were submitted, compared to 200 million euros, which the State expected to raise.

The yield on the bond fell to 3.32% compared to 3.76% at the November 2023 auction.

The purpose of the reissuance, according to the ODDIX, is to satisfy investment demand and at the same time to facilitate the operation of the secondary bond market.