The Greek government returns to the markets with the reissue of a 10-year bond valued at 200 million euros, today, Holy Wednesday.
As announced by the Public Debt Management Agency (PDMA), the Greek government will hold an auction on Wednesday, April 16, 2025, for the reissue of government bonds with a fixed interest rate of 3.875%, maturing on March 12, 2029, in dematerialized form.
The purpose of this reissue is to meet investor demand while simultaneously facilitating the functioning of the secondary bond market. The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5).
Only Primary Dealers (PDs) will be allowed to participate in the auction, submitting up to five competitive bids each through the ΗΔΑΤ platform. These bids must be submitted by 12:00 p.m., on April 16, 2025. Bids will be accepted up to the auction’s final accepted offer price (cut-off price), which will determine the allocation of the total auctioned amount.
Only competitive bids will be accepted, and no commission will be provided for the bonds. The auction results will also be considered for evaluating the performance of Primary Dealers.
Source: tovima.com
