10-year GGB Benchmark due June 2036 Tap: Launched

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE THE DISTRIBUTION OF THIS DOCUMENT WOULD BE UNLAWFUL. NOT FOR GENERAL DISTRIBUTION IN THE UNITED STATES.
- Deal size set at €3bln
- Books closed >€36bln (inc €1.55bln JLM Interest)
- Spread set earlier at MS+68
- Barc B&D / DM
- Allocations and Pricing later today
Issuer: The Hellenic Republic
Issuer LEI: 2138003EKTMKZ5598902
Ratings: Baa3/BBB/BBB/BBB (Moody's stb./S&P stb./Fitch stb./DBRS stb.)
Format: State Obligation (in dematerialised book entry form),RegS Cat 1, 144A eligible, CACs
Type: Senior unsecured, ECB repo eligible
Settlement: 17 June 2026
Maturity: 16 June 2036
Tap Size: €3bln
Current O/S Size: €4.55bn (New O/S will be €7.55bln)
Coupon: 3.375%, Annual, ACT/ACT, 1 day of accrued
Spread: MS+68bp
Listing: Athens, regulated market
Law: English Law
Denoms: €1k + €1k
Docs: Exempt from prospectus requirements in Greece. Greek public Debt tax regime. Events of default. Tax gross up
US taxation: OID may be applicable
ISIN: GR0124042764 (immediately fungible)
Bookrunners: Alpha Bank, Barclays (B&D / DM), Citi, Commerzbank, Nomura and Societe Generale
Fees: The bookrunners will be paid a fee in connection to the transaction
Target Market: The manufacturer target market (MiFID II product governance) is eligible counterparties, professional and retail clients (all channels for distribution)
Timing : Books closed, allocations and pricing later today
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any jurisdiction in which such offer or solicitation or sale would be unlawful. Securities may not be offered or sold within the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the Securities Act), and the rules and regulations thereunder. Any offering of securities to be made outside the United States in offshore transactions pursuant to Regulation S under the Securities Act or to qualified institutional buyers as defined in Rule 144A under the Securities Act will be made by means of a Preliminary Offering Circular, and once available, a Final Offering Circular, which will contain detailed information about the securities being offered. The Hellenic Republic does not intend to register any securities in the United States, and no public offering of securities will be made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.

10-year GGB Benchmark due June 2036 Tap: Launched