ATHENS – [ANA -MPA]
Great investment interest was recorded in Monday’s auction for the reissue of a 10-year Greek government bond.
As announced by the Public Debt Management Organisation (PDMA), the amount of the offers was almost five times the amount that the Greek State sought to borrow from the market.
Specifically, bids of 1.188 billion euros were submitted, while the asked sum was 250 million euros.
The yield of the bond fell to 3.24%, while the state will eventually draw 250 million euros.
The purpose of the reissuance of the 10-year bond, with a fixed interest rate of 3.625%, due June 15, 2035, is to satisfy investment demand and at the same time facilitate the operation of the secondary bond market. The settlement date is February 19, 2025. (T+5).
