Total bids of €916 million were submitted, exceeding the asking amount by 1.83 times.
The new series will be made available at a reduced interest rate interest-bearing promissory notes of the Greek State annual duration.
In today’s auction of 52-week interest-bearing notes of EUR 500 million, the yield was 2.82% compared to 3.34% in the previous auction in early June.
Total bids of €916 million were submitted, exceeding the asking amount by 1.83 times.
The auction was conducted through Primary Dealers, and the settlement date is Friday, September 6, 2024.
Bids up to the auction amount were accepted, as well as non-competitive bids of €100 million. No additional non-competitive bids will be accepted on Thursday, September 5, 2024.
It is recalled that in parallel with the auction, the Greek State provides the possibility for natural persons to purchase the securities in question through a public registration in any bank or brokerage firm, 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 registration period ends tomorrow, Thursday, September 5, 2024.
A necessary condition for the purchase of the securities is their registration in a portion of the SAT. The process of opening such a portion is done through the above distribution agencies, with the necessary supporting documents, the Police ID and the VAT number.
It is recalled that both natural and legal persons can purchase government securities (Government Notes or Bonds) through banks and brokerage firms, in accordance with existing normal procedures.
Source: Skai
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