The Greek government goes to the markets on New Year’s Eve by issuing three-month interest-bearing bills.

As announced by the Public Debt Management Organization, on Tuesday, December 31, 2024, a auction interest-bearing 13-week promissory notes of the Greek government, in intangible form, amounting to 500 million euros, due April 4, 2025.

In parallel with the auction, the Greek government provides the possibility for natural persons (individuals) to purchase the securities in question through a public registration in any bank or brokerage firm, with a maximum amount of nominal value for each natural person 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, which will be allocated through this process, will be announced after the completion of the public registration.

Registration period: From Monday 30 December 2024 to Thursday 2 January 2025.

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.

OR settlement date (settlement) will be the Friday January 3rd 2025 (T+2).

Interest is calculated on an ACT/360 time basis. The auction will be conducted with competitive offers from the Main 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.