The new issue of three-month (13-week) interest-bearing promissory notes of the Greek State will be made available at a reduced interest rate.

As announced by the Public Debt Management Organization, the interest rate of the specific interest was set at 2.84% against 3.23% in the previous July auction.

A total of 946 million euros were submitted, compared to 500 million euros that the Ministry of Finance sought to raise, with the result that the requested amount was exceeded by 1.89 times.

The auction was conducted through Primary Dealers, and the settlement date is Friday, October 4, 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, October 3, 2024.

It is noted that no commission is paid during the auctions. It is recalled that in parallel with the auction, the Greek State provides the possibility for natural persons (private individuals) 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 sale price will be the price of the last offer accepted at the auction (cut-off price), i.e. 99.288.

The total amount of securities to be allocated through this process will be announced after the completion of the public registration. The registration period ends tomorrow, Thursday, October 3.

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 such as the police ID and the VAT number.