Tomorrow, Wednesday, the Greek State will go to the markets with the reissue of the 10-year bond. As announced by the Public Debt Management Organization (ODDIX), tomorrow, Wednesday, June 19, 2024, an Auction will be held for the reissuance of Greek Government Bonds, fixed rate 3.375%, expiring June 15, 2034, 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 auction takes place in a positive atmosphere as investment interest is recorded in the secondary market, resulting in bond prices moving upwards, and their yields falling

The amount to be auctioned will be up to 200 million euros and the settlement date will be Wednesday, June 26, 2024 (T+5).

Only Key Negotiators (B.D.) will participate in the auction by submitting, through HDAT, exclusively up to 5 competitive offers.

In the meantime, in the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank of Greece, transactions of 195 million euros were recorded, of which 102 million euros related to purchase orders.

The yield on the Greek 10-year bond fell to 3.59% from 3.65% at the end of the previous week, versus 2.40% for the corresponding German bond, bringing the spread to 1.19%.

In the foreign exchange market, the euro moves downwards against the dollar, with the result that in the afternoon the European currency trades at 1.0739 dollars from the level of 1.0762 dollars, which opened the market.