26W T-Bill Auction by Greek State Next Wed.

The Greek state will auction off, in book entry form, 26-week T-bills next Wednesday with the intent of raising 625 million euros from the markets. The bonds will have a with maturity extending to Aug. 23, 2024.

The settlement date will be next Friday, Feb. 23.

In an announcement on Friday, the Public Debt Management Authority (PDMA) said the auction will be made with the primary dealers of the market and that no additional non-competitive bids will be accepted on Feb. 22, 2024.

Additionally, no commission will be paid for the T-Bills to be auctioned, while only bids through the Electronic Trading System will be accepted.

During Jan. 31, 2024 auction of 625 million euros of 13W T-Bills last month, total bids reached 1,016 billion euros and the amount finally accepted was 812.5 million euros, with a uniform yield of 3.83%.