Greece Aims to Raise €500 Million in T-Bill Auction

09:21 21/8/2024 - Πηγή: iEfimerida

Greece's Public Debt Management Agency (PDMA) is holding an auction today to sell 26-week Treasury bills, targeting a total of 500 million euros.

The short-term debt instruments will mature on January 24, 2025, and settle on July 26, 2024.

Participation is restricted to primary dealers, who can submit their bids electronically through the H.D.A.T. system. Non-competitive bids, up to 20% of the total auction amount, can be submitted until noon local time today, with no further non-competitive bids accepted after that deadline.

The T-bill auction is a key part of Greece's ongoing strategy to manage its public debt and secure the necessary funding for government operations.

The auction's success will be closely watched by financial markets as an indicator of investor confidence in the Greek economy.

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