Next week, the Hellenic State proceeds with the auction of a new series of six-month interest-bearing promissory notes.

As announced by the Public Debt Management Organization (ODDIX), on Wednesday, October 23, 2024, an Auction of 26-week interest-bearing promissory notes of the Greek State, in intangible form, amounting to 500 million euros, expiring on April 25, 2025, will be held.

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.

The registration period is set from Tuesday 22 October 2024 to Thursday 24 October 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.

The settlement date will be Friday, October 25, 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 p.m. 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. No additional non-competitive bids will be accepted on Thursday, October 24, 2024. No commission will be paid for the interest-bearing notes.