The purpose of the reissuance is to satisfy investment demand and at the same time to facilitate the functioning of the secondary bond market.
Today, the Greek State goes to the markets with the reissue of a 10-year bond.
As the Public Debt Management Organization announced yesterday, an auction will be held today for the re-issuance of Greek government bonds, with a fixed interest rate of 3.375%, maturing on 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 amount to be auctioned will be up to 250 million euros and the settlement date will be Wednesday, November 27, 2024 (T+5).
Only Primary Dealers (ND) will participate in the auction by submitting, through HDAT, exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (pm), local time, on the 20th November 2024 and which are satisfied up to the amount of the auctioned amount, at the price of the last offer accepted at the auction (cut off price).
Source: Skai
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