2024-09-28 00:02:24
Auction of three-month interest-bearing notes (duration 13 weeks) of Greek Statein intangible form, amounting to 500 million euros, due January 3, 2025, is to be carried out on Wednesday, October 2, 2024, as announced by Public Debt Management Organization (ODDIX).
The settlement date will be Friday, October 4, 2024 (T+2). Interest is calculated on a /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 offers will be settled at the price of the last offer accepted at the auction (cut-off price) up to a total amount of 20% of the auctioned amount.
No additional non-competitive bids will be accepted on Thursday, October 3, 2024, and no commission will be paid on the interest-bearing notes.
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Also available to natural persons
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 subscription, while the subscription period is from Tuesday, October 1, 2024 to Thursday, October 3, 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 reminded by ODDIX that both natural and legal persons can purchase government securities (Greek Treasury Notes or Bonds) through Banks and Brokerage Companies, in accordance with existing normal procedures.