In the markets comes out today Greek State issuing interest-bearing promissory notes of three months duration. As announced by the Public Debt Management Organization (ODDIX), an auction of 13-week interest-bearing promissory notes of the Greek government, in intangible form, amounting to 500 million euros, due on April 4, 2025, will be held today.

In parallel with the auction, the Greek government provides natural persons (individuals) with the possibility 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 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.

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, January 3, 2025 (T+2).

Interest is calculated on an ACT/360 time basis. The auction will be conducted 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.