The Greek Treasury is proceeding with a new auction of interest-bearing three-month bills next week. As announced by the Public Debt Management Organization, on Wednesday, July 3, 2024, an auction of 13-week interest-bearing promissory notes of the Greek State, in intangible form, amounting to 500 million euros, due on October 4, 2024, will be held.

It is recalled that the yield of 13-week promissory notes was set at 3.67% during the previous auction in April.

The settlement date will be Friday, July 5, 2024 (T+2). Interest is calculated on an ACT/360 time basis.

The auction will take place with competitive offers from the Basic Market Dealers at H.D.A.T., in accordance with the procedure provided by their Operating Regulations.

Also, based on the Regulation of Basic Negotiators, it is possible to submit non-competitive offers on the day of the auction and until 12:00. Non-competitive offers will be settled at the price of the last offer accepted at the auction (cut-off price) up to a total amount of 20% of the auctioned amount.