The Public Debt Management Agency (PDMA) recently conducted a successful auction for a reissued five-year Greek government bond with an interest rate of 3.875%, set to mature on March 12, 2029. The auction raised the targeted sum of 250 million euros.

Primary dealers participated in the auction, resulting in total bids amounting to €939 million, making the auction 3.76 times oversubscribed. The uniform yield was recorded at 2.38%, reflecting an increase from the previous auction’s yield of 3.11% in September. The settlement for the bond is scheduled for next Thursday.