An auction for the re-issuance of Greek government bonds, with a fixed interest rate of 3.875%, due March 12, 2029, in dematerialized form, will be held on Wednesday, October 16, 2024, as announced by the Organization of Public Debt Management (ODDIX).
According to ODDIX, the objective of reissuance is to satisfy investment demand and, at the same time, facilitate the functioning of the secondary bond market.
The value to be auctioned will be up to 250 million euros and the settlement date will be Wednesday, October 23, 2024 (T+5).
The auction will have the participation of only Main Negotiators (BD), upon presentation, through HDAT, exclusively of up to 5 competitive offers each, which must be presented by 12 noon on October 16, 2024 and must be satisfied by the value of the auctioneer’s value, at the price of the last bid accepted at the auction (cut-off price).
Only competitive proposals will be accepted at the auction, and in accordance with ODDIX, the aforementioned auction will be taken into account for the evaluation of the BD and for titles no commission will be given.