Greece to tap the markets seeking to raise 250 million euros

Greece will tap the markets on Tuesday seeking to raise 250 million euros.

More specifically, the Public Debt Management Agency (PDMA) will proceed with the reissuance of a 10-year bond within the framework of the planned auction.

The auction will concern the reissuance of the 3.375% fixed rate bond, due June 15, 2034, in intangible form, (ISIN GR0124040743.)

The purpose of the reissuance is to satisfy investment demand and at the same time to facilitate the functioning of the secondary bond market.

The amount to be auctioned will be up to 250 million euros and the settlement date will be Wednesday, May 29, 2024 (T+5).