It will come out in the markets Greek State next week via auction Interest bearing promissory notes annual duration.

A few hours before Fitch’s verdict was announced this evening, on the credit rating of the Greek economy, the Public Debt Management Organization announced that on Wednesday, June 5, 2024, an Auction of 52-week Greek Treasury Bonds, in intangible form, amounting to 500 million euros, due June 6, 2025.

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 4 June 2024 to Thursday 6 June 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 the previous auction of annual interest notes was held on March 6, 2024 and the interest rate was set at 3.73%.

As for its evaluation Fitch it is noted that the international rating agency has planned for today the next evaluation of the Greek economy. The previous assessment by the same house was carried out in December 2023, when it had classified the country’s creditworthiness in the BBB- category and the outlook of the economy as “stable”.