Public Debt Management Agency

The Public Debt Management Agency (PDMA) has already drawn from markets €8.7 billion out of the planned €10 billion through bond issues. Thus, another issue is still a possibility, although several experts caution this is not necessary, and that the outstanding amount can be easily covered via the three planned reissuances.

A new batch of 12-month treasury bills worth €500 million will be issued Wednesday, the Public Debt Management Agency (PDMA) said Friday.

It will be the fifth such auction in the past 12 months. Individual book entries can be made from Tuesday to Thursday and cannot exceed €15,000.

The Public Debt Management Agency announced on Wednesday it had auctioned 26-week treasury bills for the amount of 500 million euros, but the issue had a 2.39 coverage ratio with bids totaling €1,196 billion.

Thus, PDMA eventually drew €600 million, with a uniform yield of 3.30%. The issue matures on January 24; the settlement date is this Friday.

There was considerable investor interest during an auction for reopening a 10-year Greek government bond held on Wednesday.

The Greek state was asking for 200 million euros and the offers submitted amounted to €727 million, with a coverage ratio of 3.64. The bonds reach maturity on June 15, 2034, with an interest rate of 3.375%.

The uniform yield of the new 52-week T-bills auctioned by Greece on Wednesday dropped to 3.34%, from 3.73% at the previous auction in May.

According to the Public Debt Management Agency (PDMA), the total bids reached 1.147 billion euros, with a coverage ratio of 2.29 for the asked sum of €500 million, and the amount finally accepted was €600 million.

The Public Debt Management Agency announced last Friday that on Wednesday it will auction 52-week treasury bills.

The T-bills will be in book entry form, to the amount of 500 million euros. 

The issue matures on June 6, 2025, and the settlement date is on Friday.

The Public Debt Management Agency announced last Friday that on Wednesday it will auction 26-week treasury bills, in book entry form, to the amount of 500 million euros.

They will mature on November 29 and the settlement date is this Friday.

Strong investment interest was recorded on Wednesday in the reopening of the 10-year Greek government bond.

According to the Public Debt Management Agency (PDMA), the bids exceeded the auction amount, which was up to 250 million euros, by approximately 3.5 times, reaching €835 million. The yield of the bond was 3.51%.

The Public Debt Management Agency announced last Friday that it will auction 13-week treasury bills in book entry form, to the amount of 625 million euros. 

The issue, which will take place on Tuesday, matures on August 2. 

The settlement date will be on Thursday.

Greece's new 30-year bond created the second largest bid book since 2010 on Wednesday, as demand exceeded 33 billion euros, covering the €3 billion raised 11 times, with the yield at 4.241% and the coupon at 4.125%.