ODDIH is re-issuing bonds maturing in 2037 and 2042, with a fixed interest rate of 4% and 4.20% respectively, and an auction on Monday, with the aim of raising up to 400 million euros and providing additional liquidity to the specific issues.
As he states, “on Monday, May 30, 2022, an extraordinary Auction will be held for the re-issuance of the following Greek Government Bonds:
a) fixed interest rate 4.00%, expiring on January 30, 2037, in intangible form, ISIN GR0133011248,
b) fixed interest rate 4.20%, expiring on January 30, 2042, in intangible form, ISIN GR0138015814.
The purpose of the reissue is to provide additional liquidity to the specific bond issues.
The amount to be auctioned will be:
(a) up to EUR 250 million for bonds maturing on 30 January 2037;
(b) up to EUR 150 million for bonds maturing on 30 January 2042.
The settlement date will be Monday 6 June 2022 (T + 5).
Only Key Traders (B.D.) will participate in the auction by submitting, through HDAT, exclusively up to 5 competitive bids each, for each series of bonds, which must be submitted by 12:00 noon (pm), local time, of May 30, 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) for each series of bonds.
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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