Public Debt Management Agency

Greece will carry out fewer bond issues in 2020, Citigroup has predicted, pointing to the market unrest generated by the new coronavirus, though the US group considers a credit-positive development that Greek bonds have been included in the European Central Bank's extraordinary bond-buying program.

The Public Debt Management Agency (PDMA) announced Wednesday it auctioned 52-week treasury bills worth 375 million euros and raised 487.5 million with a coverage ratio of 1.85 percent and interest of 0.24 percent, up from 0.07 percent in the previous one-year T-bill auction on December 11, 2019.
The new T-bills mature in March 2021 and the settlement date is tomorrow.

Greece successfully auctioned 26-week treasury bills on Wednesday despite the downbeat mood in international markets.
The Public Debt Management Agency announced it secured the same rate, a negative 0.05 percent, for the T-bills sold as in the previous similar auction on January 29.

Greece's Public Debt Management Agency (PDMA) announced on Friday that on Wednesday, February 26, it is planning to issue new 26-week treasury bills maturing on August 28, 2020.
The PDMA intends to draw the amount of 625 million euros.
The settlement date will be next Friday.

Greece extended its streak of treasury bill auctions to have resulted in negative rates on Wednesday, when a 26-week T-bill issue secured a rate of -0.05 percent, against zero in the previous auction of this maturity, the Public Debt Management Agency (PDMA) announced.

Greece on Tuesday opened books for a 15-year bond issue, just days after Fitch Ratings its credit rating to BB from BB-, saying economic growth and fiscal prudence were leading to government debt remaining at sustainable levels.

The Public Debt Management Agency is ready for Greece's first market foray of 2020, with the issue of a 15-year bond, which is seen raising 2-2.5 billion euros.

The continuation of yield chasing by investors has led to record demand for government bond issues in the eurozone.

The Public Debt Management Agency (PDMA) will be tapping the markets for up to 8 billion euros during 2020, making the most of the pickup in momentum that Greek paper saw last year.

Greece raised 1.3 billion euros in the last treasury bill auction for 2019 at zero yield, the country's Public Debt Management Agency (PDMA) said on Tuesday in a statement.
The 26-week treasury bills were sold at zero percent compared to a minus 0.02 percent yield in the previous similar auction held on December 4, according to the statement.