The Greek government will proceed on Wednesday, September 3, 2025 with an auction of treasury bills with a duration of 52 weeks in dematerialized form, worth €500 million and maturing on September 4, 2026. According to an announcement by the Public Debt Management Agency (PDMA), the settlement date will be Friday, September 5, 2025 (T+2), while interest on the treasury bills is calculated on an ACT/360 time basis.
Read: 26-week treasury bill auction: Opportunity for private investors, how they can participate
The auction will be conducted through competitive bids from Primary Dealers in the Electronic Secondary Securities Market (HDAT), according to the procedure provided by their operating regulation.
Based on the Primary Dealers Regulation, non-competitive bids may be submitted on the auction day until 12:00 pm. Non-competitive bids will be satisfied at the cut-off price up to a total amount of 20% of the auctioned amount.
No commission will be charged
It should be noted that supplementary non-competitive bids will not be accepted on Thursday, September 4, 2025, while no commission will be charged for the treasury bills.
Also, according to the PDMA announcement, on September 3, 2025, the Greek State will proceed with the issuance of 52-week treasury bills. The issuance will be conducted through an auction in which Primary Dealers of Greek government securities participate, with the settlement date set for Friday, September 5, 2025 (T+2).
It is noted that alongside the auction, the Greek State provides the opportunity for individuals (private persons) to purchase these securities through public subscription at any bank or brokerage firm, with a maximum nominal value of €15,000 per individual. The distribution price will be the cut-off price, while the total amount of securities to be distributed through this procedure will be announced after completion of the public subscription.
The registrations
The registration period has been set from September 2, 2025 to September 4, 2025. A prerequisite for purchasing the securities is their registration in a Central Securities Depository account. The process of opening such an account is done through the aforementioned distribution entities, with required documents being a police ID and tax registration number.
Finally, it is reminded that both individuals and legal entities can purchase government securities (treasury bills or Greek government bonds) through banks and brokerage firms, according to existing standard procedures.
