The Greek government will return to the markets tomorrow with the reissuance of its 10-year bond. As announced by the Public Debt Management Agency, on Wednesday April 15, 2026, an auction will be conducted for the reissuance of Greek government bonds with a fixed interest rate of 3.375%, maturing June 16, 2036, in dematerialized form. This is the new ten-year bond that was issued on January 20, 2026.
Purpose of the 10-year bond reissuance
The purpose of the reissuance is to satisfy investment demand while facilitating the operation of the secondary bond market.
The amount to be auctioned will be up to €250 million and the settlement date will be Wednesday, April 22, 2026 (T+5).
At the close of the previous week, the 10-year bond yield was hovering around 3.75%. The spread against the corresponding German bond, whose yield stands at 3.05%, is at 0.70%.
Overall, Greek bonds have shown remarkable resilience despite intense pressures and volatility caused by the outbreak of military conflicts in Iran in late February 2026. However, the 10-year bond yield increased by approximately 44 basis points (0.44%) within a month, reaching 3.79% in early April, from 3.35% in early March. Meanwhile, the spread against the German 10-year bond (Bund) widened slightly to 76 basis points (0.76%) (from ~50-60 b.p. before the crisis). Although bonds traditionally function as a “safe haven,” the war in Iran initially caused price declines (and yield increases) due to inflation fears from rising energy prices.
Tomorrow’s auction will include only Primary Dealers according to the procedure provided by their Operating Regulation, as in effect from 1/4/2026, with submissions through HDAT, exclusively up to 5 competitive offers each, which must be submitted by 12:00 local time, on April 15, 2026.
- Competitive offers will be satisfied successively at the requested prices until covering the amount of the auctioned sum.
- Only competitive offers will be accepted in the auction.
- This auction will be taken into account for the evaluation of Primary Dealers.
- No commission will be given for the bonds.
