The Public Debt Management Agency (PDMA) of Greece has announced an upcoming auction of annual interest-bearing treasury bills. Scheduled for March 4, 2026, the auction will involve the issuance of government bonds with a one-year maturity, totaling 400 million euros and set to mature on March 5, 2027. Investors will have the opportunity to participate through competitive bids, as per the adoption of the regulations effective from the beginning of 2026.

The auction will follow standard procedures outlined in the regulations governing the operations of Primary Dealers. Apart from competitive bidding, there is an allowance for non-competitive bids to be submitted on the day of the auction, until 12:00 PM. This method ensures that a broader range of investors can engage in the bidding process, allowing those who may prefer less risk to secure bonds at a weighted average price determined by the successful competitive offers.

The significance of this auction lies not only in its impact on the government’s financial strategy but also in its influence on market liquidity and investor confidence in Greek debt. With economic factors and investor sentiment fluctuating, such auctions become critical indicators for market conditions and the government’s approach to public debt management.