The Greek state’s 10-year bond auction on Tuesday as a reopening attracted substantial investor interest.
With a fixed interest rate of 3.375% and a maturity set for June 15, 2034, the auction aimed to address investor demand while facilitating the secondary bond market’s operation.
Bids surpassed expectations, exceeding the 250 million euros initially sought by approximately 3.5 times, to total 835 million euros. The bond’s uniform yield reached 3.51%, with 250 million euros drained from the markets.
In a similar move back in April, the Public Debt Management Agency (PDMA) conducted a bond re-issuance auction, yielding 1.875% and maturing on Feb. 4, 2035.
Through this auction, the PDMA successfully raised 200 million euros, with the bonds’ yield set at 3.61%.
The settlement date will be Wednesday, May 29, 2024 (T+5).
Source: tovima.com
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