[AP]
The Greek government taps the markets Wednesday with a reissuance of its 10-year bond.
An auction will be held for the reissuance of dematerialized bonds with a fixed interest rate of 3.375% due on June 15, 2034, according to the Public Debt Management Agency.
The re-issuance aims to meet investor demand while facilitating the operation of the secondary bond market. The auction will offer up to €250 million euros, with the settlement date set for Wednesday, November 27, 2024 (T+5).
Only primary buyers are eligible to participate, submitting up to five competitive bids each via HDAT. Bids must be submitted by noon local time on November 20, 2024. Accepted bids will be satisfied up to the auctioned amount at the cut-off price.