
The Public Debt Management Organization is proceeding with a new issue of interest-bearing bills of the Greek State for a period of 26 weeks, with the aim of raising 625 million euros.
The auction will take place on Wednesday, September 29, 2021 and the securities with an expiration date of April 1, 2022, will be available in intangible form.
The settlement date is set for Friday, October 1, 2021 (T + 2).
As mentioned in the announcement, interest rates are calculated on an ACT / 360 time basis, while the auction will be conducted with competitive bids from the Main Market Negotiators at Electronic Secondary Securities Market (HDAT), in accordance with the procedure provided by their Rules of Procedure.
Also, according to the Rules of the Main Negotiators, the possibility of submitting non-competitive bids is provided, both on the day of the auction, and during the period of one (1) working day after its end, and until 12.00 pm.
The non-competitive bids will be satisfied at the price of the last bid accepted at the auction (cut-off price) up to a total of 30% of the auctioned amount for each of the above two cases.
It is pointed out that no commission will be given for the promissory notes.
In parallel with the auction, the Ministry of Finance provides the opportunity to natural persons (individuals) to obtain these securities which will be obtained in one of the following ways:
1. By public registration in any Bank or Stock Exchange company, with a maximum nominal value for each natural person of 15,000 Euros. The sale price will be the price of the last offer accepted at the auction (cut-off price). The total amount of securities that will be available through this process will be announced after the completion of the public registration.
Registration period: From Tuesday 28 September 2021 until Thursday 30 September 2021.
2. Within five working days after the settlement date, ie until Friday, October 8, 2021, for unlimited amounts but at the price determined by the Banks and the Stock Companies.
A necessary condition for the purchase of securities is their registration in a portion of the Intangible Title System. The process of opening such a portion is simple and will be done through the above distribution agencies. Necessary supporting documents are the Police ID and the tax registration number.


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