2024-07-20 01:11:32
Auction of 6-month interest-bearing notes (duration 26 weeks) of Greek Statein intangible form, amounting to 500 million euros, expiring on January 24, 2025, is to be carried out on Wednesday, July 24, 2024, as announced by Public Debt Management Organization (ODDIX).
The settlement date will be Friday, July 26, 2024 (T+2). Interest is calculated on an ACT/360 time basis.
The auction will take place with competitive offers from the Basic Market Dealers at H.D.A.T., in accordance with the procedure provided by their Operating Regulations.
Also, based on the Regulation of Basic Negotiators, it is possible to submit non-competitive offers on the day of the auction and until 12:00 p.m. Non-competitive bids will be settled at the price of the last bid accepted at the auction up to a total of 20% of the auctioned amount.
It is noted by ODDIX that no additional non-competitive offers will be accepted on Thursday, July 25, 2024, while no commission will be given for interest-bearing bonds.
In parallel with the auction, the Greek State provides the possibility for natural persons (private individuals) to purchase the securities in question through a public registration in any Bank or Brokerage Company, with a maximum nominal value for each natural person of 15,000 euros. The disposal price will be the price of the last bid accepted at the auction (cut-off price). The total amount of securities to be allocated through this process will be announced after the completion of the public registration.
Registration period: From Tuesday 23 July 2024 to Thursday 25 July 2024
The registration period is from Tuesday 23 July 2024 to Thursday 25 July 2024.
A necessary condition for the purchase of the securities is their registration in a portion of the S.A.T. The process of opening such a portion is done through the above distribution agencies, with the necessary supporting documents, the Police ID and the A.F.M.
It is recalled that both natural and legal persons can purchase government securities (Greek Treasury Bills or Bonds) through Banks and Brokerage Companies, in accordance with existing normal procedures.