The Greek state on Tuesday announced that it will proceed with an auction for the re-opening of a 10-year bond issue with a fixed rate of 3.375%, and with maturity date of June 15, 2034.

According to an announcement by the Public Debt Management Agency (PDMA), the reopening “comes to satisfy investors’ demand, also facilitating secondary market’s operation.”

The amount to be auctioned will be up to 200 million euros, with the settlement date being June 26, 2024 (T+5).

Only primary dealers (PDs) will be allowed to participate with up to five competitive bids each, placed through the Electronic Trading System (H.D.A.T.) until noon local time on Wednesday, June 19.

Only competitive bids will be accepted up to the auctioned amount and will be allotted at the last bid accepted in the auction (cut-off price).

During trading on the domestic electronic secondary bond market, the 10-year Greek bond yield eased to 3.59% on Tuesday, down from 3.65% at the end of last week.