Public Debt Management Agency

Greece passed the market test successfully on Tuesday, as its 10-year bond issue - for the first time since the country was excluded from the markets in 2010 and entered the bailout mechanism - took advantage of the favorable international climate and the credit rating upgrade by Moody's last Friday.

Greece announced the drawing of 2.5 billion euros, with a rate of 3.90 percent, from its 10-year bond issue on Tuesday, its first such foray in money markets since its emergence from the bailout programs last summer.

Greece is set to issue its first 10-year bond in nine years on Tuesday, in an effort to capitalize on the significant improvement in the climate for Greek assets as well as Moody's two-notch credit rating upgrade last Friday.

Greece is getting ready to tap the money markets for the second time within a few weeks, probably next Tuesday with a 10-year bond issue, on the back of a major drop in yields and an anticipated credit rating upgrade by Moody's late on Friday, while February ended with Greek bank stocks posting monthly gains of 43.62 percent.

Greece raised 1.14 billion euros in a 26-week treasury bills auction on Wednesday, the country's Public Debt Management Agency (PDMA) announced.
The treasury bills were sold at a yield of 0.72 percent, down from 0.75 percent in the previous similar auction conducted on January 30 this year, according to a PDMA press release.
[Xinhua]

Greek bond yields eased significantly on Tuesday, in line with other eurozone peripheral bonds, remaining on the positive course set in mid-January, right after the issue of the five-year note. This is paving the way for the Public Debt Management Agency to implement the plan to issue a benchmark 10-year bond next month.

Greek bond yields posted a fresh decline on Monday, driven by domestic developments and the generally favorable climate for sovereign notes in the eurozone, therefore paving the way for the next move by the Public Debt Management Agency (PDMA).

Greece has auctioned 13-week treasury bills of a total value of 812.5 million euros, the country's Public Debt Management Agency (PDMA) announced on Wednesday.

The bills were sold at a 0.5 percent yield, down from 0.67 percent in the last similar auction on January 9 this year, according to an e-mailed PDMA press statement.

Greece is already mulling its next steps in the markets, including reissues of existing bonds and the issue of a new 10-year note.

Greece's Public Debt Management Agency (PDMA) announced on Friday that next Wednesday, February 6, it will auction 13-week treasury bills maturing on May 10 and amounting to 625 million euros.

The settlement date will be February 8.

Only primary dealers will be allowed to participate, according to their operation regulations, the PDMA said.