Strong demand that more than three times exceeded the supply was manifested for the reissue of a bond maturing in 2033, which was realized today by ODDIH.
In particular, as the Organization informed, today a reissue was carried out through an auction of Greek securities with a yield of 3.90% and expiration on January 30, 2033, amounting to 500 million euros.
The auction was held through the Key Market Negotiators (Primary Dealers).
The total bids amounted to 1,595 million euros and the settlement date is Monday 30 May 2022.
The following are the results of the auction:
|
Auction |
Today’s |
|
OED 3.90%, expiring on January 30, 2033 |
May 23, 2022
(amounts in millions of Euros) |
|
1. Amount to be auctioned |
500 |
|
2. Amount of offers |
1,595 |
|
3.Coverage ratio (2: 1) |
3.19 |
|
4.Totally acceptable amount |
500 |
|
5. Performance |
3.61% |
|
6. Auction Price |
102.51 |
|
7. Cut – off ratio |
64% |
It is recalled that last week the ODDIH had informed that:
“On Monday, May 23, 2022, an extraordinary Auction will be held for the re-issuance of Greek Government Bonds, with a fixed interest rate of 3.90%, expiring on January 30, 2033, in intangible form, ISIN GR0128015725.
The purpose of the reissue is to provide additional liquidity to the specific bond issue.
The amount to be auctioned will be up to 500 million euros and the settlement date will be Monday 30 May 2022 (T + 5).
Only Key Traders (B.D.) will participate in the auction by submitting, through HDAT, exclusively up to 5 competitive bids each, which must be submitted by 12:00 noon (local time), local time, 23rd May 2022 and which are satisfied, up to the amount of the auctioned amount, at the price of the last bid accepted at the auction (cut off price).
This auction will not be taken into account for the evaluation of B.D. No commission will be given for the Bonds. ”
Source: Capital
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