Tender for the release of Interest-bearing Promissory Notes of the Greek State with a 26-week tenure, in an intangible format, totaling 625 million euros, and maturing on January 26, 2024, will be held by the Public Debt Management Organization on Tuesday, July 26. The settlement date is set for Friday, July 28, 2023 (T+2), with interest calculated based on an ACT/360 time basis.
The tender will take place via competitive bidding from Primary Dealers at H.D.A.T., following the procedures outlined in their Operating Regulations.
Pursuant to the Basic Dealers’ Regulation, non-competitive bids can also be submitted, either on the day of the tender or during the one business day following its conclusion, up until 12:00 p.m.
Non-competitive bids will be accepted at the price of the last accepted bid at the tender (cut-off price), up to a maximum of 30% of the tendered amount for each of the above-mentioned scenarios. No commission will be charged for interest-bearing bonds.
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