ODD: Auction of interest notes Wednesday to raise 625m euros

An auction of the Greek State duration of 26 weeks is held by the Public Debt Management Agency ( ) on Wednesday (27.3.2024) to raise 625m euros. As the DADEX notes the interest notes expire on 27 September 2024 while the settlement date will be Tuesday 2 April 2024. Interest on interest shall be calculated on an ACT/360 basis. The auction will take place with competitive bids from the main market negotiators in the U.S. T., in accordance with the procedure laid down in their Rules of Procedure. Also, under the Rules of Procedure of the Key Negotiators, non-competitive tenders are allowed on the day of the tender and until 12.00 p.m. Non-competitive tenders will be met at the price of the last bid accepted in the tender (cut-off price) up to a total of 30% of the auctioned amount. Additional non-competitive bids will not be accepted on Thursday 28 March 2024. For the interest bills no commission will be given. Moreover, alongside the auction, the Greek State allows natural persons (private persons) to purchase these securities through public registration to any Bank or Stock Exchange company, with a maximum amount of nominal value for each natural person of EUR 15,000. The disposal price will be the price of the last bid accepted in the tender (cut-off price). The total amount of securities allocated through this procedure will be announced after the completion of the public registration. Registration period: From Tuesday 26 March 2024 to Thursday 28 March 2024. A necessary condition for the purchase of securities is their registration in a portion of the S.A.T. The procedure for opening such a portion is done through the above disposal bodies, with necessary documentation from Police Identity and A.F.M. It is recalled that both natural and legal persons can obtain government debt instruments (Edical Notes or Bonds of the Greek State) through the Banks and the Stock Exchange Companies, in accordance with existing ordinary procedures.