Tomorrow the Greek Treasury enters the markets, starting to reissue existing 5-year connection floating interest rate.

As announced by the Public Debt Management Organization (ODDIX), an auction will be held tomorrow for the re-issuance of Greek government bonds with a floating rate (3M Euribor + 1.23%), maturing on December 15, 2027, in intangible form, ISIN GR0514024216.

The amount to be auctioned is 750 million euros and the settlement date will be Wednesday 2 November 2022 (T+5).

Only key negotiators will participate in the auction by submitting exclusively up to 5 competitive bids each through HDAT, which must be submitted by 12:00 local time on October 25, 2022 and will be satisfied up to the auction amount. in the price of the last bid accepted at the auction.

Also, on the basis of the Regulations on the main negotiators, it is possible to submit non-competitive offers, both on the day of the auction, and within one working day after its end, and until 12:00. Non-competitive offers are satisfied at the price of the last offer accepted at the auction (cut-off price) in the amount of up to 30% of the amount put up for auction in each of the two above cases. No commission is charged for the Bonds.