Six-Month Treasury Bill Auction on August 20

The Hellenic Republic Asset Development Fund (HRADF) will hold an auction of six-month treasury bills on August 20, 2025, offering a total of €500 million.

The maturity date for the bills is scheduled for February 20, 2026, with a settlement date of August 22, 2025. Interest will be calculated based on ACT/360.

Individual investors can participate in the auction through public subscription at banks or brokerage firms, with a maximum participation limit of €15,000 per person. The subscription period runs from August 19 to August 21.

The treasury bills are offered to primary dealers on HDAT through competitive bids. Non-competitive bids are also permitted and will be satisfied at the cut-off price, limited to 20% of the total amount.