Παρατηρητήριο Δημοσίου Χρέους 1

[1]
[ 25 2011]
http://dikaiopolis.gr
2011 1

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Goldman Sachs 2001.
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, 2011

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1
N. 2275/1994
2 Euro Medium Term Note Programme
4
PRICING SUPPLEMENT 7/7/1997
5
2/75397/0023/20-10-1999
6
OFFERING CIRCULAR 13-4-2000
7
2/214/0023/3-1-2002
A
238
1994
MAY
1999
MAY
1999
MAY
1999
1999
O.C.
APR
2000
6
2002
2/31248/0023A/5-6-2002
741
2002
9
10
11
12
2/33313/0023/14-6-2002
2/1019/0023A/10-1-2002
2/22303/0023A/17-4-2002
2/19984/0023/8-4-2003
796
437
2002
2002
2002
2003
13
2/30850/0023/5-6-2003
752
2003
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
2/18878/0023A/1-7-2003
2/36696/0023A/1-7-2003
2/56444/0023A/14-10-2003
2/64105/0023A/18-11-2003
2/1311/0023A/13-1-2003
2/16773/0023A/20-3-2003
2/18372/0023A/8-4-2004
2/30311/0023/7-6-2004
2/34644/0023/28-6-2004
2/33805/0023/23-6-2004
2/37948/0023A/13-7-2004
2/66476/0023/29-11-2004
2/72394/0023/27-12-2004
2/17201/0023A/2-4-2004
2/361/0023A/8-1-2004
2/5333/0023A/30-1-2004
2/8578/0023A/16-2-2005
B
B
B
B
O.C.
915
915
1550
1724
APR
2003
2003
2003
2003
2003
2003
2003
2004
2004
2004
2004
2004
2004
2004
2004
2004
2004
2004
2004
2005
B
B
B
O.C.
O.C.
572
892
987
995
1078
1804
1960
APR
MAY
243
: 348.866.161.552,71
ISIN
XS0097596463
XS0097598329
XS0079012166
GR0133001140
XS0110307930
GR0133002155
GR0124018525
GR0124018525
GR0133002155
GR0133002155
GR0133002155
GR0124021552
GR0124021552
GR0133002155
GR0124021552
XS0165956672
GR0124021552
GR0338001531
GR0124024580
GR0133001140
GR0124021552
GR0124024580
GR0124024580
GR0326038214
XS0191352847
XS0192416617
GR0338001531
GR0124024580
GR0338001531
GR0124026601
6.153.160.000,00
70.000.000,00
110.000.000,00
436.490.615,45
7.992.000.000,00
200.000.000,00
16.037.000,00
253.862.000,00
300.000.000,00
413.711.000,00
5.000.000.000,00
3.500.000.000,00
1.680.000.000,00
300.000.000,00
400.000.000,00
410.329.000,00
1.440.000.000,00
1.200.000.000,00
1.540.000.000,00
400.000.000,00
5.000.000.000,00
[1.250.000.000,00]
2.100.000.000,00
200.000.000,00
423.967.000,00
144.224.000,00
1.200.000.000,00
216.520.000,00
383.740.000,00
1.000.000.000,00
1.000.000.000,00
[400.000.000,00]
5.000.000.000,00
[1.750.000.000,00]
5.000.000.000,00

/
21/5/2012
3/6/2019
8/8/2017
22/10/2019
14/4/2028
11/1/2012
22/10/2022
18/5/2012
20/6/2012
18/5/2012
22/10/2022
22/10/2022
22/10/2022
20/5/2013
3/7/2013
20/5/2013
22/10/2022
20/5/2013
8/4/2016
20/5/2013
25/7/2025
20/5/2014
22/10/2019
1/7/2014
20/5/2013
20/5/2014
20/5/2014
27/12/2016
17/7/2034
10/5/2034
25/7/2025
20/5/2014
25/7/2025
20/7/2015
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(3)
(3)
(3)
/
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71

2/11536/0023A/2-3-2005
2/16653/0023A/31-3-2005
2/30721/0023A/7-6-2005
2/32020/0023A/16-6-2005
2/49111/0023/19-9-2005
2/60301/0023/9-5-2005
2/1430/0023/12-1-2006
2/6004/0023/13-2-2006
2/18746/0023A/7-4-2006
2/25575/0023/9-5-2006
2/27162/0023/17-6-2006
2/14538/0023/7-6-2006
2/75585/0023/18-8-2006
2/54530/0023/29-9-2006
2/1591/0023/12-1-2007
2/6620/0023A/31-1-2007
2/13482/0023/27-2-2007
2/22468/0023/12-4-2007
2/23804/0023/17-4-2007
2/32913/0023A/24-5-2007
2/34182/0023A/29-5-2007
2/44950/0023A/10-7-2007
2/23427/0023A/29-8-2007
2/52278/0023A/21-8-2007
2/57000/0023A/18-9-2007
2/62409/0023/16-10-2007
2/339/0023A/14-1-2008
2/4897/0023A/28-1-2008

B
313
B
442
B
793
B
885
B
1333
1605
O.C.
JUL
O.C.
JUL
O.C.
JUL
B
77
B
222
B
506
B
660
B
695
B
932
B
1337
B
1540
O.C.
APR
O.C.
JUL
O.C.
JUL
O.C.
JUN
O.C.
MAY
B
93
B
181
B
357
B
625
B
658
B
937
B
946
B
1391
B
1753
B
1769
B
1922
B
2162
FEB
O.C.
MAR
B
84
B
129
2005
2005
2005
2005
2005
2005
2005
2005
2005
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2008
2008
ISIN
GR0138001673
GR0528002315
GR0124026601
GR0338001531
GR0124026601
GR0124027617
XS0224227313
XS0223064139
XS0223870907
GR0124028623
GR0138001673
GR0338001531
GR0124028623
GR0114019442
GR0114019442
GR0114019442
GR0124028623
XS0251384904
XS0260024277
XS0260349492
XS0256563429
XS0255739350
GR0124029639
GR0138002689
GR0114020457
GR0338002547
GR0124029639
GR0133003161
GR0114020457
GR0124029639
GR0133003161
GR0133003161
GR0114020457
GR0124029639
XS0286916027
XS0292467775
GR0138002689
GR0338002547
5.000.000.000,00
3.500.000.000,00
1.800.000.000,00
[1.800.000.000,00]
1.680.000.000,00
424.967.000,00
250.000.000,00
400.000.000,00
250.000.000,00
5.000.000.000,00
4.000.000.000,00
[2.000.000.000,00]
1.560.000.000,00
5.000.000.000,00
421.758.000,00
1.400.000.000,00
1.400.000.000,00
250.000.000,00
2.100.000.000,00
130.000.000,00
150.000.000,00
100.000.000,00
5.000.000.000,00
4.000.000.000,00
2.380.000.000,00
[3.500.000.000]
2.100.000.000,00
5.000.000.000,00
1.984.000.000,00
2.240.000.000,00
465.724.000,00
1.497.000.000,00
1.800.000.000,00
2.100.000.000,00
280.000.000,00
[1.000.000.000,00]
4.000.000.000,00
[4.000.000.000]

20/9/2037
4/4/2017
20/7/2015
25/7/2025
20/7/2015
10/11/2015
13/7/2020
6/7/2025
7/6/2024
20/7/2016
20/9/2037
25/7/2025
20/7/2016
20/8/2011
20/8/2011
20/8/2011
20/7/2016
19/4/2021
5/7/2018
10/6/2026
9/6/2021
31/5/2021
20/7/2017
20/9/2040
20/8/2012
25/7/2030
20/7/2017
20/3/2024
20/8/2012
20/7/2017
20/3/2024
20/3/2024
20/8/2012
20/7/2017
22/2/2019
25/7/2057
20/9/2040
25/7/2030
(3)
(3)
(3)
(3)
/
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87

2/80346/0023A/11-12-2007
2/12369/0023A/15-2-2008
2/20947/0023A/18-3-2008
2/34481/0023A/9-5-2008
2/44012/0023/10-6-2008
2/62737/0023/26-7-2008
2/67714/0023/23-9-2008
2/78675/0023/31-10-2008
2/74955/0023/21-10-2008
2/93892/0023A/17-12-2008

B
169
B
320
B
620
B
964
B
1157
B
1822
B
2165
B
2342
B
2352
B
2635
O.C.
APR
O.C.
AUG
O.C.
JUL
O.C.
JUL
O.C.
JUN
O.C.
MAR
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
88
2/96255/0023A/30-10-2008
2009
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
2/96524/0023A/30-12-2008
2/5004/0023A/26-1-2009
2/11184/0023A/13-2-2009
2/9549/0023A/9-2-2009
2/17518/0023A/6-3-2009
2/19219/0023A/31-3-2009
2/26900/0023A/10-4-2009
2/35006/0023A/14-5-2009
2/30352/0023A/28-9-2009
2/40640/0023A/5-6-2009
2/52794/0023A/16-7-2009
2/58044/0023A/5-8-2009
2/18404/0023/17-9-2009
2/79944/0023A/9-11-2009
2/94375/0023/29-12-2009
2/6276/0023A/29-1-2010
B
B
B
B
B
B
B
B
B
B
B
B
B
O.C.
B
2
147
353
353
550
668
740
1034
1035
1349
1595
1828
2068
2406
2636
MAR
107
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2010
ISIN
GR0114020457
GR0133003161
GR0114021463
GR0124030645
GR0114021463
GR0124030645
GR0114021463
GR0124021552
GR0124030645
GR0110020220
XS0357333029
XS0357333029
XS0357333029
XS0357333029
XS0372384064
XS0292467775
GR0124027617
GR0124030645
GR0124028623
GR0114021463
GR0138002689
GR0528002315
GR0114022479
GR0110021236
GR0512001356
GR0124031650
GR0512001356
GR0114022479
GR0514017145
GR0110021236
GR0124031650
GR0514018150
GR0514019166
GR0124026601
GR0133004177
XS0147393861
GR0114023485
1.680.000.000,00
3.500.000.000,00
1.810.000.000,00
4.000.000.000,00
2.240.000.000,00
1.920.000.000,00
1.960.000.000,00
553.497.000,00
2.047.000.000,00
1.172.000.000,00
3.500.000.000,00
1.000.000.000,00
500.000.000,00
550.000.000,00
1.500.000.000,00
[600.000.000,00]
50.000.000,00
235.000.000,00
210.000.000,00
160.000.000,00
80.000.000,00
985.000.000,00
5.500.000.000,00
7.000.000.000,00
2.820.000.000,00
7.500.000.000,00
3.000.000.000,00
7.000.000.000,00
3.690.285.000,00
7.500.000.000,00
8.000.000.000,00
78.300.000,00
1.500.000.000,00
523.536.000,00
7.000.000.000,00
2.020.000.000,00
450.000.000,00
8.000.000.000,00

20/8/2012
20/3/2024
20/8/2013
20/7/2018
20/8/2013
20/7/2018
20/8/2013
20/5/2013
20/7/2018
19/12/2011
11/4/2016
11/4/2016
11/4/2016
11/4/2016
25/6/2013
25/7/2057
10/11/2015
20/7/2018
20/7/2016
20/8/2013
20/9/2040
4/4/2017
20/8/2014
20/3/2012
20/2/2013
19/7/2019
20/2/2013
20/8/2014
21/5/2014
20/3/2012
19/7/2019
23/7/2014
10/8/2014
20/7/2015
20/3/2026
4/2/2015
15/5/2012
20/8/2015
(3)
(4)
(4)
(4)
(4)
(4)
/
106
107
108

2/14140/0023A/9-3-2010
2/19699/0023A/31-3-2010
2/19700/0023A/30-3-2010

B
296
B
467
B
467
2010
2010
2010
109
2/26361/0023A/27-4-2010
655
2010
110
2/90830/0023A/29-12-2010
2179
2010
111
2/90793/0023A/28-12-2010
2231
2010
112
2/91302/0023A/27-12-2010
2231
2010
113
2/90791/0023A/28-12-2010
2257
2010
114
2/88952/0023A/22-12-2010
2258
2010
115
2/90448/0023A/27-12-2010
2260
2010
116
Stand By Agreement (EBS/10/77)
MAY
2010
ISIN
GR0124032666
GR0133002155
GR0118012609
GR0114019442
GR0114020457
GR0124018525
GR0110021236
GR0326041242
GR0326043263
GR0326042257
GR0106002786
GR0326041242
GR0326043263
GR0326042257
GR0326041242
GR0326043263
GR0326042257
5.000.000.000,00
390.000.000,00
5.000.000.000,00
135.000.000,00
125.000.000,00
60.000.000,00
65.000.000,00
97.732.133,11
166.427.654,09
175.347.298,61
28.571.428,57
28.571.428,57
28.571.428,57
28.571.428,57
28.571.428,57
28.571.428,57
714.741.533,04
50.000.000,00
50.000.000,00
50.000.000,00
50.000.000,00
50.000.000,00
50.000.000,00
50.000.000,00
16.068.833,63
75.149.744,25
94.318.659,61
49.308.581,10
65.234.242,16
109.645.955,07
693.680.000,00
693.680.000,00
693.680.000,00
693.680.000,00
693.680.000,00
693.680.000,00
693.680.000,00
693.680.000,00

19/6/2020
22/10/2022
20/4/2017
20/8/2011
20/8/2012
18/5/2012
20/3/2012
21/12/2011
22/12/2013
22/12/2012
13/9/2011
13/9/2012
13/9/2013
13/9/2014
13/9/2015
13/9/2016
30/12/2011
17/9/2013
17/9/2014
17/9/2015
17/9/2016
17/9/2017
17/9/2018
17/9/2019
21/12/2011
22/12/2013
22/12/2012
21/12/2011
22/12/2013
22/12/2012
12/8/2013
12/11/2013
12/2/2014
12/5/2014
12/8/2014
12/11/2014
12/2/2015
12/5/2015
(4)
(4)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
117
118
119
ISIN
SEP
2010
DEC
2010
2010
321.331.250,00
321.331.250,00
321.331.250,00
321.331.250,00
321.331.250,00
321.331.250,00
321.331.250,00
321.331.250,00
313.093.750,00
313.093.750,00
313.093.750,00
313.093.750,00
313.093.750,00
313.093.750,00
313.093.750,00
313.093.750,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00
630.434.783,00

14/12/2013
14/3/2014
14/6/2014
14/9/2014
14/12/2014
14/3/2015
14/6/2015
14/9/2015
21/3/2014
21/6/2014
21/9/2014
21/12/2014
21/3/2015
21/6/2015
21/9/2015
21/12/2015
15/9/2014
15/12/2014
13/3/2015
15/6/2015
15/9/2015
15/12/2015
15/3/2016
15/6/2016
15/9/2016
15/12/2016
15/3/2017
15/6/2017
15/9/2017
15/12/2017
15/3/2018
15/6/2018
14/9/2018
14/12/2018
15/3/2019
14/6/2019
13/9/2019
13/12/2019
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
120
121
SEP
http://www.eib.org/projects/pipeline/2010/20100240.htm
2010
ISIN
1
2010
2010
1/7/2010
122
2/91707/0023A/30-12-2010
2011
123
124
2/1976/0023A/11-1-2011
2/3249/0023A/12-1-2011
B
B
23
23
2011
2011
125
2/2687/0023A/11-1-2011
42
2011
126
2/91798/0023A/31-12-2010
43
2011
127
2/91795/0023A/30-12-2010
87
2011
GR0002079425
GR0002079425
GR0326041242
GR0326043263
GR0326042257
630.434.774,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.688,00
500.000.000,00
11.428.571,43
11.428.571,43
11.428.571,43
11.428.571,43
2.400.000.000,00
31.000.000,00
91.602.566,46
162.612.396,74
194.892.113,76
19.145.236,30
51.785.715,25
51.785.715,25
51.785.715,25

13/3/2020
15/12/2014
13/3/2015
15/6/2015
15/9/2015
15/12/2015
15/3/2016
15/6/2016
15/9/2016
15/12/2016
15/3/2017
15/6/2017
15/9/2017
15/12/2017
15/3/2018
15/6/2018
14/9/2018
14/12/2018
15/3/2019
14/6/2019
13/9/2019
13/12/2019
13/3/2020
15/6/2020
28/12/2032
30/6/2011
31/12/2011
30/6/2012
31/12/2012
15/7/2011
15/7/2011
21/12/2011
22/12/2013
22/12/2012
30/6/2011
25/7/2011
25/7/2012
25/7/2013
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(1)
(4)

2/91795/0023A/30-12-2010

B
87
2011
128
2/48/0023A/3-1-2011
94
2011
129
2/3617/0023A/12-1-2011
98
2011
130
2/3624/0023A/12-1-2011
98
2011
131
2/3690/0023A/12-1-2011
98
2011
132
2/4007/0023A/14-1-2011
98
2011
133
2/2291/0023A/10-1-2011
112
2011
134
2/2292/0023A/10-1-2011
112
2011
ISIN
GR0326041242
GR0326042257
GR0326043263
GR0326041242
GR0326043263
GR0326042257
51.785.715,25
144.998.918,15
300.872.610,37
303.354.265,98
69.250.828,06
69.250.828,06
69.250.828,06
69.250.828,06
69.250.828,06
69.250.828,06
34.058.632,00
34.058.632,00
34.058.632,00
34.058.632,00
34.058.632,00
11.931.055,86
11.931.055,86
11.931.055,86
11.931.055,86
11.931.055,86
11.931.055,86
11.931.055,86
93.489.118,83
125.026.454,40
168.977.010,81
60.714.285,71
60.714.285,71
60.714.285,71
60.714.285,71
60.714.285,71
60.714.285,71
60.714.285,71
16.000.000,00
16.000.000,00
16.000.000,00
16.000.000,00
16.000.000,00
16.000.000,00

25/7/2014
21/12/2011
22/12/2012
22/12/2013
1/7/2012
1/7/2013
1/7/2014
1/7/2015
1/7/2016
1/7/2017
21/5/2012
21/5/2013
21/5/2014
21/5/2015
21/5/2016
1/7/2011
1/7/2012
1/7/2013
1/7/2014
1/7/2015
1/7/2016
1/7/2017
21/12/2011
22/12/2013
22/12/2012
4/3/2013
4/3/2014
4/3/2015
4/3/2016
4/3/2017
4/3/2018
4/3/2019
27/2/2013
27/2/2014
27/2/2015
27/2/2016
27/2/2017
27/2/2018

2/2292/0023A/10-1-2011

B
112
2011
135
2/2298/0023A/10-1-2011
112
2011
136
2/2300/0023A/10-1-2011
112
2011
137
2/2301/0023A/10-1-2011
112
2011
138
2/2302/0023A/10-1-2011
112
2011
139
2/4304/0023A/14-1-2011
144
2011
140
2/6072/0023A/19-1-2011
144
2011
141
2/2294/0023A/10-1-2011
238
2011
142
2/2296/0023A/10-1-2011
238
2011
ISIN
GR0002079425
GR0326041242
GR0326042257
GR0326043263
16.000.000,00
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
21.428.571,60
14.285.714,50
14.285.714,50
14.285.714,50
14.285.714,50
14.285.714,50
14.285.714,50
14.285.714,50
12.142.857,40
12.142.857,40
12.142.857,40
12.142.857,40
21.428.572,00
21.428.572,00
21.428.572,00
21.428.572,00
21.428.572,00
15.000.000,00
40.825.974,57
71.806.652,15
74.352.666,48
63.428.571,43
63.428.571,43
63.428.571,43
63.428.571,43
63.428.571,43
63.428.571,43
63.428.571,43
35.714.285,71

27/2/2019
30/9/2011
31/3/2012
30/9/2012
31/3/2013
30/9/2013
31/3/2014
30/9/2014
31/3/2015
30/9/2015
30/9/2011
31/3/2012
30/9/2012
31/3/2013
30/9/2013
31/3/2014
30/9/2014
30/9/2011
31/3/2012
30/9/2012
31/3/2013
21/7/2011
31/1/2012
31/7/2012
31/1/2013
31/7/2013
15/7/2011
21/12/2011
22/12/2012
22/12/2013
3/4/2012
3/4/2013
3/4/2014
3/4/2015
3/4/2016
3/4/2017
3/4/2018
9/10/2011
(4)
2/2296/0023A/10-1-2011
238
2011
143
2/2297/0023A/10-1-2011
238
2011
144
145
2/10210/0023A/31-1-2011
2/8568/0023A/25-1-2011
B
B
241
241
2011
2011
146
2/9476/0023A/28-1-2011
241
2011
147
2/7248/0023A/21-1-2011
276
2011
148
2/8435/0023A/25-1-2011
276
2011
149
2/14996/0023A/14-2-2011
308
2011
150
2/1568/0023A/7-1-2011
309
2011
151
152
2/18169/0023A/2-2-2011
2/16754/0023A/18-2-2011
B
B
322
323
2011
2011
153
2/16654/0023A/21-2-2011
324
2011
154
2/12132/0023A/4-2-2011
337
2011
155
2/12332/0023A/8-2-2011
337
2011
156
2/10318/0023A/1-2-2011
340
2011
ISIN
GR0106003792
GR0110021236
GR0326041242
GR0326043263
GR0326042257
GR0326041242
GR0326042257
GR0326043263
GR0326041242
GR0326043263
GR0326042257
GR0114019442
GR0326041242
GR0326043263
GR0326042257
GR0114019442
GR0114019442
GR0326041242
GR0326042257
GR0326043263
GR0326041242
GR0326042257
GR0326043263
GR0002080431
GR0326041242
GR0326042257
35.714.285,71
35.714.285,71
35.714.285,71
35.714.285,71
35.714.285,71
35.714.285,71
57.142.857,14
57.142.857,14
57.142.857,14
57.142.857,14
57.142.857,14
57.142.857,14
139.430.089,87
1.192.000,00
59.009.969,72
100.154.375,55
117.789.200,97
35.520.514,19
69.562.182,91
69.642.327,22
64.471.265,47
151.402.980,06
165.359.455,30
28.000.000,00
158.224.610,08
246.184.816,21
291.180.607,80
7.000.000,00
7.000.000,00
19.601.495,35
47.354.230,38
48.655.343,75
15.696.598,14
39.591.476,97
51.271.837,43
480.000.000,00
29.629.758,59
53.644.045,29

9/10/2012
9/10/2013
9/10/2014
9/10/2015
9/10/2016
9/10/2017
1/3/2012
1/3/2013
1/3/2014
1/3/2015
1/3/2016
1/3/2017
30/6/2012
20/3/2012
21/12/2011
22/12/2013
22/12/2012
21/12/2011
22/12/2012
22/12/2013
21/12/2011
22/12/2013
22/12/2012
20/8/2011
21/12/2011
22/12/2013
22/12/2012
20/8/2011
20/8/2011
21/12/2011
22/12/2012
22/12/2013
21/12/2011
22/12/2012
22/12/2013
12/8/2011
21/12/2011
22/12/2012
(4)
(4)
(4)
(4)
/
157
158
159
160

2/10318/0023A/1-2-2011
2/14369/0023A/11-2-2011
2/16150/0023A/17-2-2011
2/16441/0023A/17-2-2011
2/18458/0023A/25-2-2011

B
340
B
355
B
356
B
356
B
368
2011
2011
2011
2011
2011
161
2/14315/0023A/11-2-2011
389
2011
162
163
164
2/14697/0023A/14-2-2011
2/15427/0023A/16-2-2011
2/19761/0023A/2-3-2011
B
B
B
389
409
463
2011
2011
2011
165
2/19885/0023A/2-3-2011
463
2011
166
2/22610/0023A/14-3-2011
466
2011
167
2/22845/0023A/14-3-2011
466
2011
168
2/19044/0023A/1-3-2011
481
2011
169
170
171
172
173
174
175
176
2/14089/0023A/11-2-2011
2/28069/0023A/1-4-2011
2/28287/0023A/1-4-2011
2/18904/0023A/28-2-2011
2/26633/0023A/28-3-2011
2/26680/0023A/29-3-2011
2/22839/0023A/15-3-2011
2/23602/0023A/16-3-2011
B
B
B
B
B
B
B
B
513
594
594
596
642
642
645
645
2011
2011
2011
2011
2011
2011
2011
2011
177
2/25871/0023A/24-3-2011
647
2011
178
179
180
181
182
183
184
185
2/27543/0023A/31-3-2011
2/21830/0023A/10-3-2011
2/27330/0023A/30-3-2011
2/21793/0023A/10-3-2011
2/21951/0023A/11-3-2011
2/24758/0023A/21-3-2011
2/25323/0023A/22-3-2011
2/25836/0023A/23-3-2011
B
B
B
B
B
B
B
B
647
656
685
686
686
730
730
730
2011
2011
2011
2011
2011
2011
2011
2011
ISIN
GR0326043263
GR0114019442
GR0114019442
GR0114019442
GR0002080431
GR0326041242
GR0326042257
GR0326043263
GR0002080431
GR0114019442
GR0114019442
GR0002079425
GR0002080431
GR0114019442
GR0002080431
GR0002079425
GR0326041242
GR0326042257
GR0326043263
GR0114019442
GR0114019442
GR0002081447
GR0114019442
GR0114019442
GR0002081447
GR0114019442
GR0114019442
GR0326041242
GR0326042257
GR0326043263
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0002079425
GR0114019442
56.256.265,89
2.000.000,00
9.000.000,00
3.000.000,00
1.000.000,00
37.910.477,76
75.260.377,66
94.310.124,15
8.000.000,00
5.000.000,00
4.000.000,00
2.000.000,00
1.000.000,00
3.000.000,00
18.000.000,00
3.000.000,00
19.222.862,63
37.221.521,46
42.498.640,89
15.000.000,00
1.000.000,00
150.000.000,00
6.000.000,00
2.000.000,00
176.000.000,00
11.000.000,00
4.000.000,00
5.461.636,42
10.016.623,29
15.456.657,46
3.000.000,00
20.000.000,00
2.000.000,00
13.000.000,00
8.000.000,00
29.000.000,00
5.000.000,00
6.000.000,00

22/12/2013
20/8/2011
20/8/2011
20/8/2011
12/8/2011
21/12/2011
22/12/2012
22/12/2013
12/8/2011
20/8/2011
20/8/2011
15/7/2011
12/8/2011
20/8/2011
12/8/2011
15/7/2011
21/12/2011
22/12/2012
22/12/2013
20/8/2011
20/8/2011
9/9/2011
20/8/2011
20/8/2011
9/9/2011
20/8/2011
20/8/2011
21/12/2011
22/12/2012
22/12/2013
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
15/7/2011
20/8/2011
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
/
186
187
188
189
190

2/26101/0023A/24-3-2011
2/20911/0023A/8-3-2011
2/31259/0023A/18-4-2011
2/31077/0023A/18-4-2011
2/31084/0023A/18-4-2011

B
730
B
742
B
754
B
755
B
755
2011
2011
2011
2011
2011
191
2/31097/0023A/18-4-2011
755
2011
192
193
194
195
196
2/30263/0023A/8-4-2011
2/31166/0023A/18-4-2011
2/32066/0023A/20-4-2011
2/25217/0023A/22-3-2011
2/23892/0023A/17-3-2011
B
B
B
B
B
779
779
779
785
793
2011
2011
2011
2011
2011
197
2/34403/0023A/2-5-2011
826
2011
198
199
200
201
202
203
204
205
206
2/35422/0023A/3-5-2011
2/24268/0023A/18-3-2011
2/35912/0023A/6-5-2011
2/35918/0023A/6-5-2011
2/36846/0023A/10-5-2011
2/28530/0023A/4-4-2011
2/37465/0023A/12-5-2011
2/37511/0023A/12-5-2011
2/29466/0023A/7-4-2011
B
B
B
B
B
B
B
B
B
826
842
866
866
866
937
964
964
1017
2011
2011
2011
2011
2011
2011
2011
2011
2011
207
2/30309/0023A/8-4-2011
1017
2011
208
209
210
211
212
213
214
215
216
217
2/30563/0023A/11-4-2011
2/30721/0023A/11-4-2011
2/36244/0023A/10-5-2011
2/37282/0023A/11-5-2011
2/32781/0023A/21-4-2011
2/32787/0023A/21-4-2011
2/33888/023A/28-4-2011
2/35795/0023/4-5-2011
2/35798/0023/4-11-2011
2/35799/0023/4-5-2011
B
B
B
B
B
B
B
1017
1017
1028
1028
1057
1057
1057
1057
1057
1057
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
ISIN
GR0002079425
GR0002081447
GR0114019442
GR0114019442
GR0002082452
GR0002079425
GR0002080431
GR0002081447
GR0002082452
GR0000083833
GR0114019442
GR0114019442
GR0114019442
GR0326041242
GR0326042257
GR0326043263
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0002083468
GR0114019442
GR0002079425
GR0002080431
GR0002081447
GR0114019442
GR0002081447
GR0002083468
GR0114019442
GR0114019442
GR0000083833
GR0114019442
XS0292467775
GR0338002547
GR0338001531
160.000.000,00
2.000.000.000,00
13.000.000,00
44.000.000,00
18.000.000,00
3.000.000,00
1.000.000,00
1.000.000,00
2.000.000.000,00
2.000.000.000,00
61.000.000,00
34.000.000,00
14.000.000,00
730.503,91
1.600.964,63
1.919.458,38
7.000.000,00
1.000.000,00
2.000.000,00
6.000.000,00
33.000.000,00
1.000.000,00
11.000.000,00
10.000.000,00
2.000.000,00
9.000.000,00
7.000.000,00
2.000.000,00
65.000.000,00
2.000.000,00
2.000.000.000,00
3.000.000,00
72.000.000,00
10.000.000,00
14.000.000,00
1.750.640.000,00
8.209.425.000,00
8.507.880.000,00

15/7/2011
9/9/2011
20/8/2011
20/8/2011
14/10/2011
15/7/2011
12/8/2011
9/9/2011
14/10/2011
22/7/2011
20/8/2011
20/8/2011
20/8/2011
21/12/2011
22/12/2012
22/12/2013
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
11/11/2011
20/8/2011
15/7/2011
12/8/2011
9/9/2011
20/8/2011
9/9/2011
11/11/2011
20/8/2011
20/8/2011
22/7/2011
20/8/2011
25/7/2057
25/7/2030
25/7/2025
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(3)
(3)
(3)
/
218
219
220
221
222
223
224
225
226

2/40194/0023A/23-5-2011
2/40507/0023A/24-5-2011
2/31104/0023A/18-4-2011
2/33308/0023A/27-4-2011
2/33477/0023A/27-4-2011
2/41958/0023A/31-5-2011
2/38106/0023A/17-5-2011
2/39082/0023A/17-5-2011
2/39186/0023A/18-5-2011
227
228

B
1093
B
1093
B
1096
B
1096
B
1096
B
1105
B
1283
B
1283
B
1283
2011
2011
2011
2011
2011
2011
2011
2011
2011
ISIN
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
GR0114019442
JAN
2011
MAR
2011
30.000.000,00
28.000.000,00
43.000.000,00
4.000.000,00
32.000.000,00
6.000.000,00
2.000.000.000,00
13.000.000,00
14.000.000,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.696,00
282.608.688,00
509.437.500,00
509.437.500,00
509.437.500,00
509.437.500,00
509.437.500,00
509.437.500,00

20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
20/8/2011
19/8/2011
20/8/2011
20/8/2011
15/6/2015
15/9/2015
15/12/2015
15/3/2016
15/6/2016
15/9/2016
15/12/2016
15/3/2017
15/6/2017
15/9/2017
15/12/2017
15/3/2018
15/6/2018
14/9/2018
14/12/2018
15/3/2019
14/6/2019
13/9/2019
13/12/2019
13/3/2020
15/6/2020
15/9/2020
15/12/2020
16/6/2014
16/9/2014
16/12/2014
16/3/2015
16/6/2015
16/9/2015
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(5)
(5)
(5)
229
ISIN
MAR
2011
MAR
2011
1998
GR0128001584
GR0124024580
GR0133002155
GR0528002315
GR0124018525
GR0124018525
GR0133002155
GR0128002590
230
231
232
233
234
235
236
237
238
&
239 ( )
240

2006
2002
2002
2002
509.437.500,00
509.437.500,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.044,00
473.913.032,00
2.497.559.206,00
6.480.000,00
46.138.000,00
500.000.000,00
1.200.000.000,00
1.560.000.000,00
1.560.000.000,00
4.552.000.000,00
6.389.160.000,00
6.524.690.000,00
346.730.000,00

16/12/2015
16/3/2016
15/9/2015
15/12/2015
15/3/2016
15/6/2016
15/9/2016
15/12/2016
15/3/2017
15/6/2017
15/9/2017
15/12/2017
15/3/2018
15/6/2018
14/9/2018
14/12/2018
15/3/2019
14/6/2019
13/9/2019
13/12/2019
13/3/2020
15/6/2020
15/9/2020
15/12/2020
15/3/2021
20/5/2013
20/5/2014
22/10/2022
4/4/2017
18/5/2012
18/5/2012
22/10/2022
11/1/2014
/
/
/
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
2
3
4
5
,
. (site , )
50 .
. ,
. ,
.
- .
Stand-By (SBA). , ...
Stand-By, , .
.. , .
(14/6/2011), , .
, ,
.
( )
/
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

2/91707/0023A/30-12-2010
2/91798/0023A/31-12-2010
2/3690/0023A/12-1-2011
2/1976/0023A/11-1-2011
2/19885/0023A/2-3-2011
2/22845/0023A/14-3-2011
2/25323/0023A/22-3-2011
2/26101/0023A/24-3-2011
2/30309/0023A/8-4-2011
2/31097/0023A/18-4-2011
2/3249/0023A/12-1-2011
2/4304/0023A/14-1-2011
2/2302/0023A/10-1-2011
2/31166/0023A/18-4-2011
2/32787/0023A/21-4-2011
2/91795/0023A/30-12-2010
2/12332/0023A/8-2-2011
2/14697/0023A/14-2-2011
2/18458/0023A/25-2-2011
2/19885/0023A/2-3-2011
2/22845/0023A/14-3-2011
2/30309/0023A/8-4-2011
2/31097/0023A/18-4-2011
2/38106/0023A/17-5-2011
2/14538/0023/7-6-2006
2/27162/0023/17-6-2006
2/75585/0023/18-8-2006
2/26361/0023A/27-4-2010
2/14089/0023A/11-2-2011
2/14369/0023A/11-2-2011
2/14996/0023A/14-2-2011
2/15427/0023A/16-2-2011
2/16150/0023A/17-2-2011
2/16441/0023A/17-2-2011
2/16754/0023A/18-2-2011
-
.
B
3
2011
B
43
2011
B
98
2011
B
23
2011
B
463
2011
B
466
2011
B
730
2011
B
730
2011
B
1017
2011
B
755
2011
B
23
2011
B
144
2011
B
112
2011
B
779
2011
B
1057
2011
B
87
2011
B
337
2011
B
389
2011
B
368
2011
B
463
2011
B
466
2011
B
1017
2011
B
755
2011
B
1283
2011
B
932
2006
B
695
2006
B
1337
2006
B
655
2010
B
513
2011
B
355
2011
B
308
2011
B
409
2011
B
356
2011
B
356
2011
B
323
2011
: 348.866.161.552,71
ISIN
11.428.571,43
19.145.236,30
11.931.055,86
30.573.807,73
30/6/2011
11.931.055,86
1/7/2011
2.400.000.000,00
GR0002079425
2.000.000,00
3.000.000,00
5.000.000,00
160.000.000,00
9.000.000,00
3.000.000,00
31.000.000,00
15.000.000,00
21.428.572,00
GR0000083833
2.000.000.000,00
-
10.000.000,00
51.785.715,25
2.172.000.000,00
15/7/2011
21.428.572,00
21/7/2011
1.990.000.000,00
22/7/2011
51.785.715,25
25/7/2011
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
480.000.000,00
GR0002080431
8.000.000,00
1.000.000,00
1.000.000,00
18.000.000,00
7.000.000,00
444.000.000,00
12/8/2011
2.000.000.000,00
19/8/2011
1.000.000,00
2.000.000.000,00
(4)
(4)
(4)
(4)
(4)
(4)
421.758.000,00
5.000.000.000,00
1.400.000.000,00
GR0114019442
135.000.000,00
15.000.000,00
2.000.000,00
28.000.000,00
5.000.000,00
9.000.000,00
3.000.000,00
7.000.000,00
5.945.758.000,00
20/8/2011
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
/
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73

2/18169/0023A/2-2-2011
2/18904/0023A/28-2-2011
2/19761/0023A/2-3-2011
2/21793/0023A/10-3-2011
2/21830/0023A/10-3-2011
2/21951/0023A/11-3-2011
2/22610/0023A/14-3-2011
2/22839/0023A/15-3-2011
2/23602/0023A/16-3-2011
2/23892/0023A/17-3-2011
2/24268/0023A/18-3-2011
2/24758/0023A/21-3-2011
2/25217/0023A/22-3-2011
2/25836/0023A/23-3-2011
2/26633/0023A/28-3-2011
2/27330/0023A/30-3-2011
2/27543/0023A/31-3-2011
2/28069/0023A/1-4-2011
2/28530/0023A/4-4-2011
2/29466/0023A/7-4-2011
2/30563/0023A/11-4-2011
2/31077/0023A/18-4-2011
2/31104/0023A/18-4-2011
2/31259/0023A/18-4-2011
2/32066/0023A/20-4-2011
2/32781/0023A/21-4-2011
2/33308/0023A/27-4-2011
2/33477/0023A/27-4-2011
2/33888/023A/28-4-2011
2/35422/0023A/3-5-2011
2/35912/0023A/6-5-2011
2/35918/0023A/6-5-2011
2/36846/0023A/10-5-2011
2/37282/0023A/11-5-2011
2/37465/0023A/12-5-2011
2/39082/0023A/17-5-2011
2/39186/0023A/18-5-2011
2/40194/0023A/23-5-2011
.
B
322
B
596
B
463
B
686
B
656
B
686
B
466
B
645
B
645
B
793
B
842
B
730
B
785
B
730
B
642
B
685
B
647
B
594
B
937
B
1017
B
1017
B
755
B
1096
B
754
B
779
B
1057
B
1096
B
1096
B
1057
B
826
B
866
B
866
B
866
B
1028
B
964
B
1283
B
1283
B
1093
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
ISIN
GR0114019442
7.000.000,00
6.000.000,00
4.000.000,00
13.000.000,00
20.000.000,00
8.000.000,00
3.000.000,00
11.000.000,00
4.000.000,00
14.000.000,00
1.000.000,00
29.000.000,00
34.000.000,00
6.000.000,00
2.000.000,00
2.000.000,00
3.000.000,00
1.000.000,00
1.000.000,00
2.000.000,00
65.000.000,00
44.000.000,00
43.000.000,00
13.000.000,00
61.000.000,00
72.000.000,00
4.000.000,00
32.000.000,00
14.000.000,00
7.000.000,00
2.000.000,00
6.000.000,00
33.000.000,00
3.000.000,00
11.000.000,00
13.000.000,00
14.000.000,00
30.000.000,00
/
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
20/8/2011
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
/
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111

2/40507/0023A/24-5-2011
2/41958/0023A/31-5-2011
2/20911/0023A/8-3-2011
2/26680/0023A/29-3-2011
2/28287/0023A/1-4-2011
2/30309/0023A/8-4-2011
2/30721/0023A/11-4-2011
2/31097/0023A/18-4-2011
2/90793/0023A/28-12-2010
2/2298/0023A/10-1-2011
2/2300/0023A/10-1-2011
2/2301/0023A/10-1-2011
2/2296/0023A/10-1-2011
2/30263/0023A/8-4-2011
2/31084/0023A/18-4-2011
2/36244/0023A/10-5-2011
2/37511/0023A/12-5-2011
2/93892/0023A/17-12-2008
2/88952/0023A/22-12-2010
2/90448/0023A/27-12-2010
2/90830/0023A/29-12-2010
2/10318/0023A/1-2-2011
2/12132/0023A/4-2-2011
2/14315/0023A/11-2-2011
2/1568/0023A/7-1-2011
2/16654/0023A/21-2-2011
2/19044/0023A/1-3-2011
2/25871/0023A/24-3-2011
2/2687/0023A/11-1-2011
2/34403/0023A/2-5-2011
2/4007/0023A/14-1-2011
2/48/0023A/3-1-2011
2/6072/0023A/19-1-2011
2/7248/0023A/21-1-2011
2/8435/0023A/25-1-2011
2/9476/0023A/28-1-2011
2/91302/0023A/27-12-2010
2/91707/0023A/30-12-2010
.
B
1093
B
1105
B
742
B
642
B
594
B
1017
B
1017
B
755
B
2231
B
112
B
112
B
112
B
238
B
779
B
755
B
1028
B
964
B
2635
B
2258
B
2260
B
2179
B
340
B
337
B
389
B
309
B
324
B
481
B
647
B
42
B
826
B
98
B
94
B
144
B
276
B
276
B
241
B
2231
B
3
2011
2011
2011
2011
2011
2011
2011
2011
2010
2011
2011
2011
2011
2011
2011
2011
2011
2008
2010
2010
2010
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2010
2011
ISIN
GR0114019442
28.000.000,00
6.000.000,00
/
(4)
20/8/2011
(4)
2.000.000.000,00
GR0002081447
176.000.000,00
150.000.000,00
2.000.000,00
2.000.000,00
1.000.000,00
28.571.428,57
1.669.000.000,00
9/9/2011
28.571.428,57
13/9/2011
47.857.143,50
30/9/2011
35.714.285,71
9/10/2011
1.982.000.000,00
14/10/2011
1.990.000.000,00
11/11/2011
1.172.000.000,00
19/12/2011
979.505.818,11
21/12/2011
714.741.533,04
11.428.571,43
30/12/2011
31/12/2011
(4)
(4)
(4)
(4)
(4)
21.428.571,60
14.285.714,50
12.142.857,40
35.714.285,71
GR0002082452
GR0002083468
GR0110020220
2.000.000.000,00
-
18.000.000,00
2.000.000.000,00
10.000.000,00
1.172.000.000,00
16.068.833,63
49.308.581,10
97.732.133,11
29.629.758,59
15.696.598,14
37.910.477,76
158.224.610,08
19.601.495,35
GR0326041242
19.222.862,63
5.461.636,42
91.602.566,46
730.503,91
93.489.118,83
144.998.918,15
40.825.974,57
35.520.514,19
64.471.265,47
59.009.969,72
GR0106002786
714.741.533,04
11.428.571,43
(4)
(4)
/

.
112
2/214/0023/3-1-2002
6
113
2/2302/0023A/10-1-2011
B
112
114
2/2297/0023A/10-1-2011
B
238
115
2/11184/0023A/13-2-2009
B
353
116
2/30352/0023A/28-9-2009
1035
117
2/26361/0023A/27-4-2010
B
655
118
2/8568/0023A/25-1-2011
B
241
119
2/2298/0023A/10-1-2011
B
112
120
2/2300/0023A/10-1-2011
B
112
121
2/2301/0023A/10-1-2011
B
112
122
2/2294/0023A/10-1-2011
B
238
123 OFFERING CIRCULAR 23-3-2009
O.C.
MAR
124
2/31248/0023A/5-6-2002
B
741
125
2/1019/0023A/10-1-2002
126
127
128
2/26361/0023A/27-4-2010
B
655
MAY
130
2/3624/0023A/12-1-2011
B
98
131
2/33313/0023/14-6-2002
796
132
2/10210/0023A/31-1-2011
B
241
133
2/91707/0023A/30-12-2010
B
3
134
2/3617/0023A/12-1-2011
B
98
135
2/3690/0023A/12-1-2011
B
98
136
2/91795/0023A/30-12-2010
B
87
137
2/2302/0023A/10-1-2011
B
112
138
2/13482/0023/27-2-2007
B
357
139
2/34182/0023A/29-5-2007
B
946
140
2/57000/0023A/18-9-2007
B
1922
141
2/80346/0023A/11-12-2007
B
169
142
2/26361/0023A/27-4-2010
B
655
143
2/90793/0023A/28-12-2010
B
2231
144
2/2298/0023A/10-1-2011
B
112
145
2/2300/0023A/10-1-2011
B
112
146
2/2301/0023A/10-1-2011
B
112
147
2/2296/0023A/10-1-2011
B
238
148
2/88952/0023A/22-12-2010
B
2258
149
2/90448/0023A/27-12-2010
B
2260
2002
2011
2011
2009
2009
2010
2011
2011
2011
2011
2011
2009
2002
2002
2002
2002
2010
1999
2011
2002
2011
2011
2011
2011
2011
2011
2007
2007
2007
2008
2010
2010
2011
2011
2011
2011
2010
2010
ISIN
16.037.000,00
21.428.572,00
57.142.857,14

16.037.000,00
21.428.572,00
57.142.857,14
/
11/1/2012
31/1/2012
1/3/2012
7.000.000.000,00
GR0110021236
7.500.000.000,00
-
65.000.000,00
14.433.808.000,00
20/3/2012
47.857.143,50
31/3/2012
63.428.571,43
450.000.000,00
3/4/2012
15/5/2012
1.192.000,00
(4)
(4)
21.428.571,60
14.285.714,50
12.142.857,40
63.428.571,43
XS0147393861
450.000.000,00
300.000.000,00
(1)
5.000.000.000,00
GR0124018525
1.560.000.000,00
8.000.000.000,00
18/5/2012
1.200.000.000,00
-
XS0097596463
60.000.000,00
70.000.000,00
34.058.632,00
413.711.000,00
GR0106003792
139.430.089,87
11.428.571,43
69.250.828,06
11.931.055,86
51.785.715,25
21.428.572,00
104.058.632,00
21/5/2012
413.711.000,00
20/6/2012
150.858.661,30
30/6/2012
81.181.883,92
1/7/2012
51.785.715,25
21.428.572,00
25/7/2012
31/7/2012
7.719.000.000,00
20/8/2012
(4)
(1)
2.380.000.000,00
1.984.000.000,00
GR0114020457
1.800.000.000,00
1.680.000.000,00
-
(4)
125.000.000,00
28.571.428,57
28.571.428,57
13/9/2012
47.857.143,50
30/9/2012
35.714.285,71
9/10/2012
2.024.440.987,04
22/12/2012
21.428.571,60
14.285.714,50
12.142.857,40
35.714.285,71
GR0326042257
94.318.659,61
109.645.955,07
/

.
150
2/90830/0023A/29-12-2010
B
2179
151
2/10318/0023A/1-2-2011
B
340
152
2/12132/0023A/4-2-2011
B
337
153
2/14315/0023A/11-2-2011
B
389
154
2/1568/0023A/7-1-2011
B
309
155
2/16654/0023A/21-2-2011
B
324
156
2/19044/0023A/1-3-2011
B
481
157
2/25871/0023A/24-3-2011
B
647
158
2/2687/0023A/11-1-2011
B
42
159
2/34403/0023A/2-5-2011
B
826
160
2/4007/0023A/14-1-2011
B
98
161
2/48/0023A/3-1-2011
B
94
162
2/6072/0023A/19-1-2011
B
144
163
2/7248/0023A/21-1-2011
B
276
164
2/8435/0023A/25-1-2011
B
276
165
2/9476/0023A/28-1-2011
B
241
166
2/91707/0023A/30-12-2010
B
3
167
2/2302/0023A/10-1-2011
B
112
168
2/19219/0023A/31-3-2009
B
668
169
2/9549/0023A/9-2-2009
B
353
170
2/2292/0023A/10-1-2011
B
112
171
2/2297/0023A/10-1-2011
B
238
172
2/2291/0023A/10-1-2011
B
112
173
2/2298/0023A/10-1-2011
B
112
174
2/2300/0023A/10-1-2011
B
112
175
2/2301/0023A/10-1-2011
B
112
176
2/2294/0023A/10-1-2011
B
238
177
178
2/30850/0023/5-6-2003
B
752
179
2/36696/0023A/1-7-2003
B
915
180
2/64105/0023A/18-11-2003
B
1724
181
2/1311/0023A/13-1-2003
182
2/33805/0023/23-6-2004
B
995
183
2/78675/0023/31-10-2008
B
2342
184
2/3624/0023A/12-1-2011
B
98
185 OFFERING CIRCULAR 24-6-2008
O.C.
JUN
186
2/3617/0023A/12-1-2011
B
98
187
2/3690/0023A/12-1-2011
B
98
2010
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2009
2009
2011
2011
2011
2011
2011
2011
2011
1998
2003
2003
2003
2003
2004
2008
2011
2008
2011
2011
ISIN
175.347.298,61
53.644.045,29
39.591.476,97
75.260.377,66
291.180.607,80
47.354.230,38
37.221.521,46
GR0326042257
10.016.623,29
194.892.113,76
22/12/2012
1.600.964,63
168.977.010,81
300.872.610,37
71.806.652,15
69.562.182,91
165.359.455,30
117.789.200,97
11.428.571,43
21.428.572,00
GR0512001356
3.000.000.000,00
2.820.000.000,00
16.000.000,00
57.142.857,14
60.714.285,71
11.428.571,43
21.428.572,00
31/12/2012
31/1/2013
5.820.000.000,00
20/2/2013
16.000.000,00
57.142.857,14
60.714.285,71
27/2/2013
1/3/2013
4/3/2013
47.857.143,50
31/3/2013
63.428.571,43
3/4/2013
21.428.571,60
14.285.714,50
12.142.857,40
63.428.571,43
GR0128001584
(1)
2.497.559.206,00
400.000.000,00
1.440.000.000,00
GR0124021552
1.540.000.000,00
11.575.280.206,00
20/5/2013
34.058.632,00
1.500.000.000,00
21/5/2013
25/6/2013
81.181.883,92
1/7/2013
5.000.000.000,00
144.224.000,00
553.497.000,00
34.058.632,00
XS0372384064
1.500.000.000,00
69.250.828,06
11.931.055,86
/
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225

2/18878/0023A/1-7-2003
2/91795/0023A/30-12-2010
2/2302/0023A/10-1-2011
2/20947/0023A/18-3-2008
2/44012/0023/10-6-2008
2/67714/0023/23-9-2008
2/96255/0023A/30-10-2008
2/90793/0023A/28-12-2010
2/90791/0023A/28-12-2010
2/2298/0023A/10-1-2011
2/2300/0023A/10-1-2011
2/2296/0023A/10-1-2011
2/88952/0023A/22-12-2010
2/90448/0023A/27-12-2010
2/90830/0023A/29-12-2010
2/10318/0023A/1-2-2011
2/12132/0023A/4-2-2011
2/14315/0023A/11-2-2011
2/1568/0023A/7-1-2011
2/16654/0023A/21-2-2011
2/19044/0023A/1-3-2011
2/25871/0023A/24-3-2011
2/2687/0023A/11-1-2011
2/34403/0023A/2-5-2011
2/4007/0023A/14-1-2011
2/48/0023A/3-1-2011
2/6072/0023A/19-1-2011
2/7248/0023A/21-1-2011
2/8435/0023A/25-1-2011
2/9476/0023A/28-1-2011
.
B
915
B
87
B
112
MAY
B
620
B
1157
B
2165
B
2
B
2231
B
2257
B
112
B
112
B
238
MAY
SEP
B
2258
B
2260
B
2179
B
340
B
337
B
389
B
309
B
324
B
481
B
647
B
42
B
826
B
98
B
94
B
144
B
276
B
276
B
241
2/2292/0023A/10-1-2011
2/2297/0023A/10-1-2011
2/2291/0023A/10-1-2011
B
B
B
MAY
112
238
112
2003
2011
2011
2010
2008
2008
2008
2009
2010
2010
2011
2011
2011
2010
2010
2010
2010
2010
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2010
2011
2011
2011
ISIN
410.329.000,00
51.785.715,25
21.428.572,00
693.680.000,00

410.329.000,00
51.785.715,25
21.428.572,00
693.680.000,00
/
3/7/2013
25/7/2013
31/7/2013
12/8/2013
(5)
1.810.000.000,00
2.240.000.000,00
GR0114021463
1.960.000.000,00
-
20/8/2013
28.571.428,57
50.000.000,00
13/9/2013
17/9/2013
35.714.286,10
30/9/2013
35.714.285,71
693.680.000,00
321.331.250,00
9/10/2013
12/11/2013
14/12/2013
1.849.910.251,09
22/12/2013
4.552.000.000,00
693.680.000,00
16.000.000,00
57.142.857,14
60.714.285,71
11/1/2014
12/2/2014
27/2/2014
1/3/2014
4/3/2014
(4)
160.000.000,00
28.571.428,57
50.000.000,00
21.428.571,60
14.285.714,50
35.714.285,71
1
2
5.850.000.000,00
693.680.000,00
321.331.250,00
(5)
(5)
75.149.744,25
65.234.242,16
166.427.654,09
56.256.265,89
51.271.837,43
94.310.124,15
246.184.816,21
48.655.343,75
GR0326043263
42.498.640,89
15.456.657,46
162.612.396,74
1.919.458,38
125.026.454,40
303.354.265,98
74.352.666,48
69.642.327,22
151.402.980,06
100.154.375,55
GR0128002590
1
4.552.000.000,00
693.680.000,00
16.000.000,00
57.142.857,14
60.714.285,71
(1)
(5)
/
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263

2/2298/0023A/10-1-2011
2/2300/0023A/10-1-2011
2/2294/0023A/10-1-2011
2/18372/0023A/8-4-2004
2/37948/0023A/13-7-2004
2/66476/0023/29-11-2004
2/361/0023A/8-1-2004
.
SEP
DEC
B
112
B
112
B
238
MAY
B
572
B
1078
B
1804
2010
2010
2011
2011
2011
2010
2004
2004
2004
2004
ISIN
2
3
321.331.250,00
313.093.750,00
21.428.571,60
14.285.714,50
63.428.571,43
693.680.000,00

321.331.250,00
313.093.750,00
/
14/3/2014
(5)
21/3/2014
(5)
35.714.286,10
31/3/2014
63.428.571,43
693.680.000,00
3/4/2014
12/5/2014
8.523.000.000,00
20/5/2014
2.100.000.000,00
1.200.000.000,00
GR0124024580
216.520.000,00
5.000.000.000,00
(1)
6.480.000,00
2/35006/0023A/14-5-2009
2/3624/0023A/12-1-2011
B
B

2/34644/0023/28-6-2004
2/3617/0023A/12-1-2011
2/3690/0023A/12-1-2011
2/52794/0023A/16-7-2009
2/91795/0023A/30-12-2010
2/58044/0023A/5-8-2009
B
B
B
B
B
2/26900/0023A/10-4-2009
2/5004/0023A/26-1-2009
2/90793/0023A/28-12-2010
B
B
B

2/90791/0023A/28-12-2010
2/2298/0023A/10-1-2011
2/2300/0023A/10-1-2011
2/2296/0023A/10-1-2011

B
B
B
1034
98
SEP
MAR
DEC
987
98
98
1595
87
1828
MAY
740
147
2231
SEP
MAR
2257
DEC
112
112
238
MAY
SEP
SEP
2009
2011
2010
2011
2010
2004
2011
2011
2009
2011
2009
2010
2009
2009
2010
2010
2010
2011
2010
2010
2011
2011
2011
2010
2010
2010
2010
(5)
GR0514017145
3.690.285.000,00
34.058.632,00
2
4
3
321.331.250,00
509.437.500,00
313.093.750,00
3.724.343.632,00
21/5/2014
321.331.250,00
509.437.500,00
313.093.750,00
14/6/2014
16/6/2014
21/6/2014
505.148.883,92
1/7/2014
78.300.000,00
51.785.715,25
1.500.000.000,00
693.680.000,00
23/7/2014
25/7/2014
10/8/2014
12/8/2014
12.500.000.000,00
20/8/2014
28.571.428,57
321.331.250,00
630.434.783,00
509.437.500,00
50.000.000,00
313.093.750,00
13/9/2014
14/9/2014
15/9/2014
16/9/2014
17/9/2014
21/9/2014
35.714.286,10
30/9/2014
35.714.285,71
693.680.000,00
321.331.250,00
9/10/2014
12/11/2014
14/12/2014
913.043.479,00
15/12/2014
(5)
(5)
(5)
423.967.000,00
69.250.828,06
11.931.055,86
GR0514018150
78.300.000,00
GR0514019166
1
1.500.000.000,00
51.785.715,25
GR0114022479
693.680.000,00
7.000.000.000,00
5.500.000.000,00
28.571.428,57
2
1
4
321.331.250,00
630.434.783,00
509.437.500,00
50.000.000,00
313.093.750,00
21.428.571,60
14.285.714,50
35.714.285,71
1
2
2
1
693.680.000,00
321.331.250,00
282.608.696,00
630.434.783,00
(5)
(5)
(6)
(5)
(5)
(5)
(5)
(6)
(6)
/
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301

2/94375/0023/29-12-2009
2/2292/0023A/10-1-2011
2/2297/0023A/10-1-2011
2/2291/0023A/10-1-2011


2/2298/0023A/10-1-2011
2/2294/0023A/10-1-2011
2/3624/0023A/12-1-2011


2/3617/0023A/12-1-2011
2/3690/0023A/12-1-2011
2/30721/0023A/7-6-2005
2/49111/0023/19-9-2005
2/8578/0023A/16-2-2005
2/18404/0023/17-9-2009
2/6276/0023A/29-1-2010
2/90793/0023A/28-12-2010

2/90791/0023A/28-12-2010
.
MAR
DEC
2636
MAY
B
112
B
238
B
112
SEP
SEP
MAR
DEC
B
112
B
238
MAY
B
98
SEP
SEP
JAN
MAR
DEC
B
98
B
98
B
793
B
1333
B
243
B
2068
B
107
B
2231
SEP
SEP
JAN
MAR
MAR
B
2257
DEC
2011
2010
2009
2010
2011
2011
2011
2010
2010
2010
2011
2010
2011
2011
2010
2011
2010
2010
2010
2011
2011
2010
2011
2011
2005
2005
2005
2009
2010
2010
2010
2010
2010
2011
2011
2011
2010
2010
ISIN
4
3
509.437.500,00
313.093.750,00
2.020.000.000,00
693.680.000,00
16.000.000,00
57.142.857,14
60.714.285,71
2
1
2
4
3
282.608.696,00
630.434.783,00
321.331.250,00
509.437.500,00
313.093.750,00
21.428.571,60
63.428.571,43
693.680.000,00
34.058.632,00
2
2
1
3
4
3
321.331.250,00

509.437.500,00
313.093.750,00
2.020.000.000,00
693.680.000,00
16.000.000,00
57.142.857,14
60.714.285,71
913.043.479,00
321.331.250,00
509.437.500,00
313.093.750,00
21.428.571,60
63.428.571,43
693.680.000,00
34.058.632,00
321.331.250,00
282.608.696,00
630.434.783,00
1.195.652.175,00
282.608.696,00
509.437.500,00
313.093.750,00
69.250.828,06
11.931.055,86
509.437.500,00
313.093.750,00
/
16/12/2014
(5)
21/12/2014
(5)
4/2/2015
12/2/2015
(5)
27/2/2015
1/3/2015
4/3/2015
(6)
13/3/2015
(6)
14/3/2015
(5)
16/3/2015
(5)
21/3/2015
(5)
31/3/2015
3/4/2015
12/5/2015
(5)
21/5/2015
14/6/2015
(5)
(6)
15/6/2015
(6)
(6)
16/6/2015
(5)
21/6/2015
(5)
81.181.883,92
1/7/2015
9.003.536.000,00
20/7/2015
8.000.000.000,00
28.571.428,57
321.331.250,00
20/8/2015
13/9/2015
14/9/2015
1.669.565.219,00
15/9/2015
509.437.500,00
50.000.000,00
313.093.750,00
16/9/2015
17/9/2015
21/9/2015
1.800.000.000,00
GR0124026601
1.680.000.000,00
5.000.000.000,00
523.536.000,00
GR0114023485
8.000.000.000,00
28.571.428,57
2
2
1
3
4
4
321.331.250,00
313.093.750,00
282.608.696,00
630.434.783,00
282.608.696,00
473.913.044,00
509.437.500,00
50.000.000,00
(5)
(6)
(6)
(6)
(6)
(5)
(5)
/
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339

2/2298/0023A/10-1-2011
2/2296/0023A/10-1-2011
2/60301/0023/9-5-2005
2/96255/0023A/30-10-2008
.
B
112
B
238
1605
B
2

SEP

JAN

MAR
MAR
DEC
2/2292/0023A/10-1-2011
B
112
2/2297/0023A/10-1-2011
B
238
2/2291/0023A/10-1-2011
B
112

SEP

JAN

MAR
MAR
2/2294/0023A/10-1-2011
B
238
O.C.
APR
O.C.
JUL
O.C.
AUG
O.C.
APR
O.C.
JUL
2/3624/0023A/12-1-2011
B
98

SEP

JAN

MAR
2/3617/0023A/12-1-2011
B
98
2/3690/0023A/12-1-2011
B
98
2/1430/0023/12-1-2006
B
77
2/25575/0023/9-5-2006
B
660
2/54530/0023/29-9-2006
B
1540
2/96255/0023A/30-10-2008
B
2
2/90793/0023A/28-12-2010
B
2231

SEP

2011
2011
2005
2009
2010
2010
2011
2011
2011
2010
2011
2011
2011
2010
2010
2011
2011
2011
2011
2003
2008
2008
2008
2008
2011
2010
2010
2011
2011
2011
2011
2006
2006
2006
2009
2010
2010
2010
ISIN
21.428.571,60
35.714.285,71
GR0124027617
424.967.000,00
-
2
1
3
4
4
3
50.000.000,00

21.428.571,60
35.714.285,71
/
30/9/2015
9/10/2015
374.967.000,00
10/11/2015
1.669.565.219,00
15/12/2015
509.437.500,00
313.093.750,00
16.000.000,00
57.142.857,14
60.714.285,71
16/12/2015
21/12/2015
27/2/2016
1/3/2016
4/3/2016
282.608.696,00
630.434.783,00
282.608.696,00
473.913.044,00
509.437.500,00
313.093.750,00
16.000.000,00
57.142.857,14
60.714.285,71
2
1
3
4
4
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
15/3/2016
509.437.500,00
63.428.571,43
400.000.000,00
16/3/2016
3/4/2016
8/4/2016
5.550.000.000,00
11/4/2016
34.058.632,00
21/5/2016
473.913.044,00
509.437.500,00
63.428.571,43
XS0165956672
400.000.000,00
(4)
(6)
(6)
(6)
(6)
(5)
(5)
(6)
(6)
(6)
(6)
(5)
500.000.000,00
1.000.000.000,00
XS0357333029
3.500.000.000,00
550.000.000,00
34.058.632,00
2
1
3
4
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
15/6/2016
81.181.883,92
1/7/2016
7.750.000.000,00
20/7/2016
28.571.428,57
13/9/2016
1.669.565.219,00
15/9/2016
473.913.044,00
69.250.828,06
11.931.055,86
(6)
(6)
(6)
(6)
5.000.000.000,00
1.560.000.000,00
GR0124028623
1.400.000.000,00
-
28.571.428,57
2
1
(4)
210.000.000,00
282.608.696,00
630.434.783,00
(6)
(6)
/

.
340
JAN
341
MAR
342
2/90791/0023A/28-12-2010
B
2257
343
2/2296/0023A/10-1-2011
B
238
344
SEP
345
346
JAN
347
MAR
348
2/72394/0023/27-12-2004
1960
349
2/2292/0023A/10-1-2011
B
112
350
2/2297/0023A/10-1-2011
B
238
351
2/2291/0023A/10-1-2011
B
112
352
SEP
353
354
JAN
355
MAR
356
2/2294/0023A/10-1-2011
B
238
357
2/16653/0023A/31-3-2005
B
442
358
359
2/96524/0023A/30-12-2008
B
2
360
2/19700/0023A/30-3-2010
B
467
361
SEP
362
363
JAN
364
MAR
365
2/3617/0023A/12-1-2011
B
98
366
2/3690/0023A/12-1-2011
B
98
367
2/1591/0023/12-1-2007
B
93
368
2/23804/0023/17-4-2007
B
658
369
2/44950/0023A/10-7-2007
B
1391
370
2/62409/0023/16-10-2007
B
2162
371 PRICING SUPPLEMENT 7/7/1997
MAY
372
SEP
373
374
JAN
375
MAR
376
2/90791/0023A/28-12-2010
B
2257
377
2/2296/0023A/10-1-2011
B
238
2011
2011
2010
2011
2010
2010
2011
2011
2004
2011
2011
2011
2010
2010
2011
2011
2011
2005
2006
2009
2010
2010
2010
2011
2011
2011
2011
2007
2007
2007
2007
1999
2010
2010
2011
2011
2010
2011
ISIN
3
4
282.608.696,00
473.913.044,00
50.000.000,00
35.714.285,71
2
1
3
4
GR0326038214
.
50.000.000,00
35.714.285,71
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
473.913.044,00
383.740.000,00
16.000.000,00
57.142.857,14
60.714.285,71
2
1
3
4
383.740.000,00
16.000.000,00
57.142.857,14
60.714.285,71
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
473.913.044,00
63.428.571,43
63.428.571,43
/
(6)
15/9/2016
(6)
17/9/2016
9/10/2016
(6)
(6)
15/12/2016
(6)
(6)
27/12/2016
27/2/2017
1/3/2017
4/3/2017
(6)
(6)
15/3/2017
(6)
(6)
3/4/2017
3.500.000.000,00
GR0528002315
500.000.000,00
4.985.000.000,00
4/4/2017
5.000.000.000,00
20/4/2017
(1)
985.000.000,00
GR0118012609
2
1
3
4
5.000.000.000,00
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
15/6/2017
81.181.883,92
1/7/2017
11.440.000.000,00
20/7/2017
436.490.615,45
8/8/2017
1.669.565.219,00
15/9/2017
50.000.000,00
35.714.285,71
17/9/2017
9/10/2017
473.913.044,00
69.250.828,06
11.931.055,86
(6)
(6)
(6)
(6)
5.000.000.000,00
GR0124029639
2.100.000.000,00
2.240.000.000,00
2.100.000.000,00
XS0079012166
2
1
3
4
436.490.615,45
282.608.696,00
630.434.783,00
282.608.696,00
473.913.044,00
50.000.000,00
35.714.285,71
(2)
(6)
(6)
(6)
(6)
/
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
2/2292/0023A/10-1-2011
2/2291/0023A/10-1-2011

2/2294/0023A/10-1-2011


2/34481/0023A/9-5-2008
2/62737/0023/26-7-2008
2/74955/0023/21-10-2008
2/96255/0023A/30-10-2008

2/90791/0023A/28-12-2010

2/2292/0023A/10-1-2011
2/2291/0023A/10-1-2011

Euro Medium Term Note Programme

.
SEP
JAN
MAR
B
112
B
112
SEP
JAN
MAR
B
238
SEP
JAN
MAR
O.C.
JUL
B
964
B
1822
B
2352
B
2
SEP
JAN
MAR
B
2257
SEP
JAN
MAR
FEB
B
112
B
112
SEP
JAN
MAR
MAY
SEP
2010
2010
2011
2011
2011
2011
2010
2010
2011
2011
2011
2010
2010
2011
2011
2006
2008
2008
2008
2009
2010
2010
2011
2011
2010
2010
2010
2011
2011
2007
2011
2011
2010
2010
2011
2011
1999
2010
ISIN
2
1
3
4
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
473.913.044,00
16.000.000,00
60.714.285,71
2
1
3
4
16.000.000,00
60.714.285,71
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
473.913.044,00
63.428.571,43
2
1
3
4
XS0260024277
63.428.571,43
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
473.913.044,00
2.100.000.000,00
2.100.000.000,00
/
(6)
(6)
15/12/2017
(6)
(6)
27/2/2018
4/3/2018
(6)
(6)
15/3/2018
(6)
(6)
3/4/2018
(6)
(6)
15/6/2018
(6)
(6)
5/7/2018
4.000.000.000,00
1.920.000.000,00
GR0124030645
2.047.000.000,00
-
2
1
3
4
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
14/9/2018
50.000.000,00
17/9/2018
473.913.044,00
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
14/12/2018
280.000.000,00
16.000.000,00
60.714.285,71
22/2/2019
27/2/2019
4/3/2019
473.913.044,00
280.000.000,00
16.000.000,00
60.714.285,71
2
1
3
4
XS0097598329
2
20/7/2018
235.000.000,00
50.000.000,00
2
1
3
4
XS0286916027
7.732.000.000,00
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
15/3/2019
110.000.000,00
1.669.565.219,00
3/6/2019
14/6/2019
473.913.044,00
110.000.000,00
282.608.696,00
(4)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(1)
(6)
/
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
2/17518/0023A/6-3-2009
2/40640/0023A/5-6-2009

2/90791/0023A/28-12-2010
2/75397/0023/20-10-1999
2/30311/0023/7-6-2004
JAN
MAR
B
550
B
1349
SEP
JAN
MAR
B
2257
2/14140/0023A/9-3-2010
B
O.C.

O.C.
O.C.
O.C.
2/31248/0023A/5-6-2002
B
2/22303/0023A/17-4-2002
2/19984/0023/8-4-2003
2/30850/0023/5-6-2003
B
B
892
SEP
JAN
MAR
SEP
JAN
MAR
SEP
JAN
MAR
296
JUL
JAN
MAR
JAN
MAR
MAR
APR
MAY
JUN
741
437
752
2010
2011
2011
2009
2009
2010
2010
2011
2011
2010
1999
2004
2010
2010
2011
2011
2010
2010
2011
2011
2010
2011
2011
2010
2005
2011
2011
2011
2011
2011
2006
2006
2006
2002
2002
2002
2003
2003
ISIN
1
3
4
GR0124031650
2
1
3
4
630.434.783,00
282.608.696,00
2
1
3
4
2
1
3
4
2
3
4
GR0124032666
XS0224227313
3
4
3
4
4
XS0251384904
XS0255739350
XS0256563429
473.913.044,00
7.500.000.000,00
8.000.000.000,00
15.500.000.000,00
/
(6)
14/6/2019
(6)
(6)
19/7/2019
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
13/9/2019
50.000.000,00
17/9/2019
8.192.000.000,00
22/10/2019
473.913.044,00
50.000.000,00
GR0133001140
7.992.000.000,00
200.000.000,00
282.608.696,00
630.434.783,00
282.608.696,00
1.669.565.219,00
13/12/2019
1.669.565.210,00
13/3/2020
1.039.130.428,00
15/6/2020
5.000.000.000,00
250.000.000,00
19/6/2020
13/7/2020
756.521.740,00
15/9/2020
756.521.732,00
15/12/2020
473.913.032,00
250.000.000,00
100.000.000,00
150.000.000,00
15/3/2021
19/4/2021
31/5/2021
9/6/2021
8.930.000.000,00
22/10/2022
473.913.044,00
282.608.696,00
630.434.774,00
282.608.696,00
473.913.044,00
282.608.688,00
282.608.696,00
473.913.044,00
5.000.000.000,00
250.000.000,00
282.608.696,00
473.913.044,00
282.608.688,00
473.913.044,00
473.913.032,00
250.000.000,00
100.000.000,00
150.000.000,00
(6)
(6)
(6)
(6)
(1)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
253.862.000,00
(1)
3.500.000.000,00
GR0133002155
1.560.000.000,00
1.680.000.000,00
300.000.000,00
/
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489

2/56444/0023A/14-10-2003
2/19699/0023A/31-3-2010
.
B
1550
B
467
2003
2010
ISIN
1.200.000.000,00
GR0133002155
390.000.000,00
22/10/2022
(1)
46.138.000,00
2/23427/0023A/29-8-2007
2/32913/0023A/24-5-2007
2/52278/0023A/21-8-2007
2/12369/0023A/15-2-2008
2/16773/0023A/20-3-2003
2/17201/0023A/2-4-2004
2/5333/0023A/30-1-2004
2/32020/0023A/16-6-2005
2/18746/0023A/7-4-2006
2/35799/0023/4-5-2011
2/79944/0023A/9-11-2009
2/22468/0023/12-4-2007
2/4897/0023A/28-1-2008
2/35798/0023/4-11-2011
B
B
B
B
O.C.
O.C.
B
B
B
O.C.
O.C.
B
B
1753
937
1769
320
JUL
JUL
885
506
1057
2406
JUL
APR
625
129
1057
http://www.eib.org/projects/pipeline/2010/20100240.htm

2/11536/0023A/2-3-2005
2/6004/0023/13-2-2006
2/6620/0023A/31-1-2007
2/339/0023A/14-1-2008
2/96255/0023A/30-10-2008
2/35795/0023/4-5-2011
N. 2275/1994
&
( )
O.C.
O.C.
B
B
B
B
B
O.C.
O.C.
MAY
APR
313
222
181
84
2
MAR
MAR
1057
238
2007
2007
2007
2008
2005
2005
2003
2004
2004
2005
2006
2011
2009
2006
2000
2007
2008
2011
2010
2004
2004
2005
2006
2007
2008
2009
2007
2008
2011
1994
465.724.000,00
5.000.000.000,00
GR0133003161
1.497.000.000,00
10.462.724.000,00
20/3/2024
250.000.000,00
400.000.000,00
7/6/2024
6/7/2025
3.500.000.000,00
XS0223870907
XS0223064139
250.000.000,00
400.000.000,00
[1.250.000.000,00]
[400.000.000,00]
[1.750.000.000,00]
GR0338001531
8.507.880.000,00
[1.800.000.000,00]
25/7/2025
(3)
(3)
[2.000.000.000,00]
8.507.880.000,00
GR0133004177
XS0260349492
XS0110307930
7.000.000.000,00
130.000.000,00
200.000.000,00
7.000.000.000,00
130.000.000,00
200.000.000,00
20/3/2026
10/6/2026
14/4/2028
8.209.425.000,00
25/7/2030
500.000.000,00
1.000.000.000,00
1.000.000.000,00
28/12/2032
10/5/2034
17/7/2034
9.000.000.000,00
20/9/2037
4.000.000.000,00
4.000.000.000,00
80.000.000,00
20/9/2040
1.750.640.000,00
25/7/2057
6.153.160.000,00
6.389.160.000,00
6.524.690.000,00
346.730.000,00
[3.500.000.000]
GR0338002547
[4.000.000.000]
8.209.425.000,00
1/7/2010
XS0192416617
XS0191352847
500.000.000,00
1.000.000.000,00
1.000.000.000,00
5.000.000.000,00
GR0138001673
4.000.000.000,00
4.000.000.000,00
GR0138002689
4.000.000.000,00
-
80.000.000,00
[1.000.000.000,00]
XS0292467775
[600.000.000,00]
1.750.640.000,00
6.153.160.000,00
6.389.160.000,00
6.524.690.000,00
346.730.000,00
(3)
(3)
(3)
/
/
/
(3)
(3)
(3)
(1)
(4)
(3)
(3)
(3)
(1)
(1)
(1)
(1)
*01002382912940020*
#O,OW,WO,aoO 3.60 per cent. Notes due 2017

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&
OFFERING
CIRCULAR
The Hellenic
Republic
Euro 200,000,000
6.14 per cent. Notes due 2028
Issue Price:
100.05
per cent
The Euro 200,000,000 6.14 per cent. Notes due 2028 (the Notes) of The Hellenic
Republic (the Republic)
will bear interest from, and including, 14 April 2000 at 6.14 per
cent. per annum. Interest on the Notes will be payable annually in arrear on 14 April of each
year. Payments in respect of the Notes will be made without deduction for or on account of
Greek taxes, as described under Terms and Conditions of the Notes - Taxation.
The Notes will mature on 14 April 2028.
Application
has been made to list the Notes on the Luxembourg
Stock Exchange.
The Notes will be represented initially by a temporary global Note (the Temporary Global
Note), without interest coupons, which is expected to be deposited with a common
depositary (the Common Depositary) for Morgan Guaranty Trust Company of New York
Brussels Office, as operator of the Euroclear System (Euroclear) and Clearstream Banking,
societi anonyme (Clearstream, Luxembourg)
for credit on or about 14 April 2000 (the
Closing Date) to the accounts of such clearance systems. The Temporary Global Note will
be exchangeable for a permanent global Note (the Permanent Global Note), without
interest coupons, to be held by the Common Depositary, not earlier than 24 May 2000 upon
certification as to non-U.S. beneficial ownership. Save in certain limited circumstances, Notes
in definitive form will not be issued in exchange for the Permanent Global Note.
WARBURG
The date of this Offering
LVOO3699.522/ 11
DILLON
READ
Circular is 13 April 2000.
LR
The Republic confirms that it has taken all yeatonable care to ensure that all information contained in this
Ofiring Circular with regard to the Republic and the Notes is in every material respect true and accurate
and not misleading and to the best of ifs knowledge and belief there are no other factsthe omission of
which would make any statement in the Ofering Circular misleading in any material respect in the
context of the issue and sale of the Notes.
The Manager (as defined under YSubscription and Sale) has not separately verified the information
contained herein. Accordingly, no representation, warranty OY undertaking, express OY implied, is made
and no responsibility OY liability is accepted by the Manager as to the auu~aq
OY completeness of the
information contained in this OJering Circular OY any other information provided by the Republic in
connection with the Notes OY their distribution.
No person is OY bus been authorised to give any information OY to make any representation which is not
contained in, OY which is not consistent with, this O&ring Circular OY any other information supplied by
OY on behalf of the Republic in connection with the Notes and, ggiven OY made, such information OY
representation must not be relied upon as having been authorised by the Republic OY the Manager.
Neither this O$ering Circular nor any other information supplied in connection with the Notes (i) is
intended to provide the basis of any credit OY other evaluation OY (ii) should be considered as a
recommendation OY constituting an invitation or ogkr by the Republic that any recipient of this O&ring
Circular should purchare any Notes. Each investor contemplating purchasing any Notes should make its
own independent investigation of the financial condition and afairs, and its own appraisal of the
creditworthiness, of the Republic.
The delivery of this Ofiring Circular does not at any time imply that the information contained herein
concerning the Republic is correct at any time subsequerit to the date hereof OY that any other information
supplied in connectionwith the issue of the Notes is correct as of any time subsequent to the date indicated
in the document containing the same.
The distribution of this Of&ins Circular and the ofir OY sale of Notes may be restricted by law in certain
jurisdictions.
The Republic and the Manager do not represent that this document may be lawfirlly
distributed OY that the Notes may be lau$lly o@zzd, in compliance with any applicable registration OY
other requirements in any such jurisdiction, OY pursuant to an exemption available thereunder, OY aSsume
any responsibility for facilitating any such distribution OY ofiring. In particular, no action &as been taken
by the Republic OY the Manager which would permit a public o#%ng of the Notes OY distribution of this
document in any jurisdiction where a&ion for that purpose is required. Accordingly, the Notes may not be
ojered OY sold, directly OY indirectly, and neither this OJering Circular nor any advertisement OY other
ojet-ing material may be distributed OY published, in any jurisdiction except under circumstancesthat will
result in compliance with any applicable laws and regulations. Persons into whose possession this OJering
Circular OY any Notes come must inform themselves about, and observe, any such restrictions. In
particular there are restrictions on the distribution of this wering Circular and the oJer OY sale of Notes in
the United States and the United Kingdom (see Subscn$tion and Sale).
In this Ofiring Circular, unless otherwise specij?edOY the context o&noise require.s,referencesto EUR
OY euro are to the currency introduced at the start of the third stage of European Economic and Monetary
Union pursuant to the Treaty establishing the European Community (as amendedfrom time to time).
LVOO3699.522/ 1.1
Page 2
TABLE
OF CONTENTS
Page
Terms and Conditions
of the Notes
Summary of provisions relating to the Notes while in global form
12
Use of Proceeds
14
Greek Taxation
14
Subscription
15
and Sale
General Information
LVOO3699.522/ 11
15
Page 3
TERMS
AND
CONDITIONS
OF THE
NOTES
There follows the text of the Terms and Conditions to which (subject to completion and amendment) the
Notes will be subject.
The Euro200,000,000
6.14 per cent. Notes due 2028 (the Notes) are issued by The Hellenic
Republic (the Republic) pursuant to (a) article 1 of law 2187/94 of the Republic, as
supplemented by article 11 of law 2628/98 of the Republic, and article 1 of Law 2628/98 of
the Republic and (b) Ministerial Decision No. 2/44514/0004
dated 7 July 1999 of the
Minister of Finance of the Republic. Payments in respect of the Notes will be made pursuant
to an Agency Agreement (the Agency Agreement) dated 14 April 2000 and made between the
Republic, Deutsche Bank AG London as fiscal and principal paying agent and agent bank (the
Agent) which expression shall include any successor agent) and the other paying agent named
therein (together with the Agent, the Paying Agents), which expression shall include any
additional or successor paying agents). The Noteholders and the Couponholders are entitled to
the benefit of a Deed of Covenant (the Deed of Covenant) dated 14 April 2000 and made by
the Republic.
Copies of the Agency Agreement and the Deed of Covenant are available for inspection,
during normal business hours at the specified of&e of each of the Paying Agents, only by a
Noteholder
upon production of evidence satisfactory to the relevant Paying Agent as to
identity. The Noteholders and the Couponholders are deemed to have notice of, and are
entitled to the benefit of, all the provisions of the Deed of Covenant and the Agency
Agreement which are binding on them.
Words and expressions defined in the Agency Agreement shall have the same meanings where
used in these Terms and Conditions unless the context otherwise requires or unless otherwise
stated and provided that, in the event of inconsistency between the Agency Agreement and
these Terms and Conditions, these Terms and Conditions will prevail. Any reference herein to
Noteholders shall mean the holders of the Notes and any reference herein to Couponholders
shall mean the holders of the Coupons.
1.
Form,
Denomination
and Title
The Notes are in bearer form and in the denomination

of Euro100,OOO (the Spec$ed
Denomination).
The Notes are issued with interest coupons for the payment of interest
(Coupon) attached.
Subject as provided below, title to the Notes and Coupons will pass by delivery. The Republic
and any Paying Agent may deem and treat the bearer of any Note or Coupon as the absolute
owner thereof (whether or not overdue and notwithstanding
any notice of ownership or
writing thereon or notice of any previous loss or theft thereof) for all purposes.
For as long as any of the Notes are represented by a global Note held on behalf of Morgan
Guaranty Trust Company of New York, Brussels office, as operator of the Euroclear System
(Euroclear) and/or Clear-stream Banking societe anonyme (Clearstream, Luxembaurg), each
person (other than Euroclear or Clearstream, Luxembourg that is for the time being shown in
the records of Euroclear or, Clearstream, Luxembourg, as the holder of a particular nominal
amount of such Notes (in which regard any certificate or other document issued by Euroclear
or Clearstream, Luxembourg as to the nominal amount of such Notes standing to the account
of any person shall be conclusive and binding for all purposes save in the case of manifest error)
shall be treated by the Republic and any Paying Agent as the holder of such nominal amount
of such Notes for all purposes other than with respect to the payment of principal or interest
on the Notes, for which purpose the bearer of the relevant global Note shall be treated by the
Republic and any Paying Agent as the holder of such Notes, for which purpose the bearer of
the relevant global Note shall be treated by the Republic and any Paying Agent as the holder
LVOO3699.523/ 11
Page 4
of such Notes in accordance with and subject to the terms of the relevant global Note (and the
and holder of Notes and related expressions shall be construed
expressions Noteholder
accordingly).
Notes which are represented by a global Note will be transferable only in
accordance with the rules and procedures for the time being of Euroclear or Clearstream,
Luxembourg, as the case may be.
2.
Status of the Notes
and Negative
Pledge
The Notes constitute direct, general, unconditional,

unsubordinated and, subject to this
Condition, unsecured obligations of the Republic. The Notes rank pari puuu with all other
unsecured and unsubordinated obligations of the Republic outstanding on 14 April 2000 or
issued thereafter without any preference granted by the Republic to one above the other by
reason of priority of date of issue, currency of payment, or otherwise. The due and punctual
payment of the Notes and the performance of the obligations of the Republic with respect
thereto is backed by the full faith and credit of the Republic.
So long as any Note remains outstanding, the Republic shall not create or permit to subsist any
mortgage, pledge, lien or charge upon any of its present or future revenues, properties or assets
to secure any External Indebtedness, unless the Notes shall also be secured by such mortgage,
pledge, lien or charge equally and rateably with such External Indebtedness or by such other
security as may be approved by an Extraordinary Resolution of the Noteholders (as described
in Condition 10).
External Indebtedness means existing and future indebtedness for borrowed money of the
Republic or the Bank of Greece (which in the case of the Bank of Greece was incurred on or
before 31 December 1993 for or on behalf of, or for the purposes of lending or assigning an
amount equal to all or part of such indebtedness (whether or not in the currency of such
indebtedness) to, the Republic) expressed or payable or optionally payable in a currency other
than the lawful currency of the Republic (including any guarantees given by the Republic of
any existing or future indebtedness for borrowed money of any other person which
indebtedness is expressed or payable or optionally payable in a currency other than the lawful
currency of the Republic).
3.
Interest
Each Note bears interest on its nominal amount from, and including, 14 April 2000 at the rate
of 6.14 per cent. per annum payable annually in arrear on 14 April in each year (each an
Interest Payment Dati). Interest will be paid subject to and in accordance with the provisions
of Condition 5.
Interest will cease to accrue on each Note (or, in the case of the redemption of part of a Note,
that part only of such Note) on the due date for redemption thereof unless, upon due
presentation thereof, payment of the final redemption amount is improperly withheld or
refused in which case interest (at the rate of 6.14 per cent. per annum) will continue to accrue
(as well after as before any judgment) until whichever is the earlier of (A) the day on which all
sums due in respect of such Note up to that day are received by or on behalf of the holder of
such Note and (B) the day on which the Agent has notified the holder thereof (either in
accordance with Condition 11 or individually) of receipt of all sums due in respect thereof up
to that date.
When interest is required to be calculated in respect of a period which
Period, it shall be calculated on the basis of the number of days in the
and including, the immediately preceding Interest Payment Date (or, if
to, but excluding, the relevant payment date on which it falls due (such
calculated on the basis of twelve 30 day months), divided by 360.
LVOO3699.522/ 11
is less than an Interest

relevant period from,
none, 14 April 2000)
number of days being
page5
For the purposes of this Condition, Interest Peuiodmeans each successive period beginning on,
and including, one Interest Payment Date and ending on, but excluding, the next succeeding
Interest Payment Date.
4.
Redemption
and Purchase
Final Redemption
Unless previously redeemed or purchased and cancelled as provided
redeemed at their principal amount on 14 April 2028.
below, the Notes will be
Purchases
The Republic may at any time purchase or otherwise acquire Notes in the open market or
otherwise. Notes purchased or otherwise acquired by the Republic may be held or resold or,
at the discretion of the Republic, surrendered to the Agent for cancellation (together with (in
the case of definitive Notes) any unmatured Coupons attached thereto or purchased
If purchases are made by tender, tenders must be made available to all holders of
therewith).
Notes alike.
Cancellation
All Notes redeemed, and all Notes purchased or otherwise acquired as aforesaid and
surrendered to the Agent for cancellation, shall be cancelled (together, in the case of definitive
Notes, with all unmatured Coupons presented therewith), and thereafter may not be re-issued
or re-sold.
5.
Payments
Subject as provided below payments will be made in euro cheque drawn on, or by transfer to,
a euro account maintained by the payee. Payments of principal and interest in respect of the
Notes will (subject as provided below) be made against presentation or surrender of such
Notes or Coupons, as the case may be, at any specified office of any Paying Agent outside the
United States. If any Notes are redeemed or become repayable prior to the Maturity Date,
principal will be payable on surrender of each Note. All payments of interest and principal
with respect to Notes will be made outside the United States. Upon the due date for
redemption of any Note all unmatured Coupons relating to such Note (whether or not
attached) shall become void and no payment shall be made in respect of them.
If any date for payment of any amount in respect of any
Date, then the holder thereof shall not be entitled to
Payment Day in the relevant place and shall not be entitled
in respect of any such delay. For these purposes, Payment
any day which is both:
Note or Coupon is not a Payment

payment until the next following
to any further interest or other sum
Day means (subject to Condition 8)
(9
a day on which commercial banks and foreign exchange markets settle payments in
the relevant place of presentation; and
(ii)
a day on which the TARGET
System is operating.
where
TARGET
System means the Tram-European
Express Transfer System.
LVOO3699.522/ 11
Automated
Real-Time
Gross Settlement
Page 6
If the due date for redemption of any Note is not an Interest Payment Date, interest accrued in
respect of such Note from (and including) the last preceding Interest Payment Date will be
paid only against surrender of such Note.
The names of the initial Agent and the other initial Paying Agents and their initial specified
offices are set out below. The Republic reserves the right at any time to vary or terminate the
appointment of any Paying Agent and to appoint additional or other Paying Agents and/or to
approve any change in the specified office of any Paying Agent, provided and that it will, so
long as any of the Notes is outstanding, maintain (i) an Agent and (ii) a Paying Agent (which
may be the Agent) having a specified office in a leading financial centre in continental Europe
which, so long as the Notes are listed on the Luxembourg Stock Exchange and the rules of
such exchange so require, shall be Luxembourg.
Any such variation, termination or change
shall only take effect (other than in the case of insolvency, when it shall be of immediate effect)
after not less than 30 days prior notice thereof shall have been given to the Noteholders in
accordance with Condition 11 and provided further that neither the resignation nor removal
of the Agent shall take effect, except in the case of insolvency as aforesaid, until a new Agent
has been appointed.
Payments in respect of the Notes will be subject in all cases to any fiscal or other laws and
regulations applicable thereto in the place of payment, but without prejudice to the provisions
of Condition 6.
6.
Taxation
All payments of principal and/or interest in respect of the Notes and Coupons will be made
without deduction or withholding
for or on account of any present or future taxes, duties,
assessments or governmental charges of whatever nature imposed or levied by or on behalf of
the Republic or by or on behalf of any political subdivision thereof or any authority therein
having power to tax (a Tax), unless deduction or withholding
of such Tax is compelled by
law. In that event the Republic will pay such additional amounts as will result (after such
deduction or withholding)
in the receipt by the holders of the Notes or Coupons of the
amounts which would othenvise have been receivable (in the absence of such deduction or
withholding),
except that no such additional amount shall be payable in respect of any Note or
Coupon presented for payment:
(4
by or on behalf of a holder who is subject to such Tax in respect of such Note or

Coupon by reason of his being connected with the Republic (or any political
subdivision thereof) otherwise than merely by holding such Note or Coupon or
receiving principal or interest in respect thereof; or
(b)
by or on behalf of a holder who would not be liable for or subject to such

withholding
or deduction by making a declaration of non-residence or other similar
claim for exemption to the relevant tax authority if, after having been requested to
make such a declaration or claim, such holder fails to do so; or
(4
more than 30 days after the Relevant Date except to the extent that the holder thereof
would have been entitled to such additional payment on presenting the same for
payment on the last day of such 30 day period.
The Relevant Date in relation to any Note or Coupon means:
6)
the due date for payment thereod or
(ii)
(if the full amount of the monies payable on such date has not been received by the
Agent on or prior to such due date) the date on which, the full amount of such
LVOO3699.522/ 11
Page 7
monies having been so received, notice to that effect is duly given to the Noteholders
in accordance with Condition 11 or individually.
Any reference in these Terms and Conditions to principal in respect of the Notes shall be
deemed to include, as applicable, any additional amounts which may be payable under this
Condition by reason of a deduction or withholding of any amount from payments of principal.
Any reference in these Terms and Conditions to interest in respect of the Notes shall be
deemed to include, as applicable, any additional amounts which may be payable under this
Condition by reason of a deduction or withholding
of any amount from payments of interest.
7.
Events
of Default
If any of the following
events (Events ofDefault)
occurs:
(4
the Republic defaults in any payment of interest in respect of any of the Notes or
Coupons and such default is not cured by payment thereof within 30 days from the
due date for such payment;
lb)
the Republic defaults in the payment of principal in respect of any of the Notes when
due at maturity or otherwise and such default is not cured by payment thereof within
seven days from the due date for such payment;
(4
the Republic is in default in the performance of any other covenant, condition or

provision set out in the Notes and continues to be in default for 30 days after written
notice thereof shall have been given to the Republic by the holder of any Note;
(4
in respect of any other External Indebtedness in an amount equal to or exceeding

U.S.$25,000,000
( or its equivalent), (i) such indebtedness is accelerated so that it
becomes due and payable prior to the stated maturity thereof as a result of a default
thereunder and such acceleration has not been rescinded or annulled or (ii) any
payment obligation under such indebtedness is not paid as and when due and the
applicable grace period, if any, has lapsed and such non-payment has not been cured;
(4
a general moratorium is declared by the Republic or the Bank of Greece in respect of

its External Indebtedness or the Republic or the Bank of Greece announces its
inability to pay its External Indebtedness as it matures; or
any government
prevented from
Notes,
order, decree or enactment shall be made whereby the Republic is

observing and performing in full its obligations contained in the
then the holder for the time being of any Note may give notice in writing to the Republic in
accordance with Condition
11 that such Note is immediately due and payable whereupon
such Note shall become immediately due and payable at its principal amount together with
accrued interest (if any) to the date of repayment unless prior to such time all Events of Default
in respect of the Notes shall have been cured.
8.
Prescription
Claims for payment of principal in respect of the Notes shall be prescribed upon the expiry of
ten years, and claims for payment of interest in respect of the Notes shall be prescribed upon
the expiry of five years, in each case from the Relevant Date (as defined in Condition 6)
thereof, subject to the provisions of Condition 5.
LVOO3699.522/ 11
Page 8
9.
Replacement
of Notes
and Coupons
If any Note or Coupon is lost, stolen, mutilated, defaced or destroyed, it may be replaced at
the specified office of the Agent upon payment by the claimant of the expenses incurred in
connection therewith and on such terms as to evidence and indemnity as the Republic may
reasonably require. Mutilated or defaced Notes or Coupons must be surrendered before
replacements will be issued.
10.
Meetings
of Noteholders
and Modification
The Agency Agreement contains provisions for convening meetings of the holders of the
Notes to consider matters affecting their interests, including modification by Extraordinary
Resolution
of these Terms and Conditions.
The quorum for any meeting convened to
consider a resolution proposed as an Extraordinary Resolution shall be one or more persons
holding or representing a clear majority in nominal amount of the Notes for the time being
outstanding, or at any adjourned such meeting one or more persons being or representing
Noteholders whatever the nominal amount of the Notes for the time being outstanding so
held or represented, except that at any meeting, the business of which includes, inter ah, (i)
modification of the Maturity Date or reduction or cancellation of the nominal amount payable
upon maturity or otherwise, or variation of the method of calculating the amount of principal
payable on maturity or otherwise, (ii) reduction of the amount payable or modification of the
payment date in respect of any interest in respect of the Notes or variation of the method of
calculating the rate of interest in respect of the Notes, (iii) modification of the currency in
which payments under the Notes and/or the Coupons appertaining thereto are to be made,
(iv) modification
of the majority required to pass an Extraordinary
Resolution
or (v)
modification
of the provisions of the Agency Agreement concerning this exception, the
necessary quorum for passing an Extraordinary
Resolution will be one or more persons
holding or representing not less than 66 per cent., or at any adjourned such meeting not less
than 33 per cent., of the nominal amount of the Notes for the time being outstanding. Any
Extraordinary
Resolution
duly passed at any such meeting will be binding on all the
Noteholders (whether or not they are present at such meeting) and on all Couponholders.
The Agent may agree, without the consent of the holders of the Notes or Coupons, to any
modification to any of the provisions of the Notes which is of a formal, minor or technical
nature or is made to correct a manifest error. Any such modification shall be binding on all
Noteholders and Couponholders and, if the Agent so requires, shall be notified to Noteholders
as soon as practicable thereafter in accordance with Condition 11. Provision is also made in the
Agency Agreement for modifications to the Agency Agreement which are not materially
prejudicial to the interests of the Noteholders.
11.
Notices
64
All notices to the Noteholders will be valid if published, so long as the ,Notes are listed
on the Luxembourg Stock Exchange and the rules of that exchange so require, in the
Lrrxembotrrg Won or any other daily newspaper of general circulation in Luxembourg.
Such notice shall be deemed to have been given on the date of such publication in the
relevant newspaper or, if published more than once, on the date of the first such
publication.
If publication is not practicable in any such newspaper as is mentioned
above, notices will be valid if given in such other manner, and shall be deemed to
have been given on such dates, as the Agent shall determine. Couponholders shall be
deemed for all purposes to have notice of the contents of any notice given to the
Noteholders in accordance with this Condition 11.
@I
Notices to the Republic to be given by any holder of the Notes shall be in writing
and given by lodging the same, together with the relative Note or Notes, with the
Agent. A copy of any notice-under Condition 7 must, to be valid, also be delivered to
LVOO3699.522/ 11
Page 9
Ministry of Finance, General Accounting

the address stated below.
12.
Agent
and Paying
Office, Public Debt Management
Agency at
Agents
In acting under the Agency Agreement, the Paying Agents will act solely as agents of the
Republic and do not assume any obligations or relationships of agency or trust to or with the
Noteholders
or Couponholders.
The Agency Agreement
contains provisions for the
indemnification
of the Paying Agents and for relief from responsibility
in certain
circumstances, and entitles any of them to enter into business transactions with the Republic
without being liable to account to the Noteholders or the Couponholders for any resulting
profit.
13.
Further
Issues
The Republic shall be at liberty from time to time without the consent of the Noteholders or
Couponholders to create and issue further notes having terms and conditions the same as the
Notes or the same in all respects save for the amount and date of the first payment of interest
thereon and so that the same shall be consolidated and form a single series with and increase
the aggregate principal amount of the outstanding Notes.
14.
Governing
(4
The Agency Agreement, the Notes and the Coupons are governed by, and shall be
construed in accordance with, English law.
(b)
The Republic hereby irrevocably agrees, for the exclusive benefit of the Paying
Agents, the Noteholders and the Couponholders, that the courts of England are to
have jurisdiction to settle any disputes which may arise out of or in connection with
the Agency Agreement, the Notes and/or the Coupons and that accordingly any suit,
action or proceedings arising out of or in connection with the Agency Agreement, the
Notes and the Coupons (together referred to as Proceedings) may be brought in such
courts. The Republic hereby irrevocably waives any objection which it may have now
or hereafter to the laying of the venue of any such Proceedings in any such court and
any claim that any such Proceedings have been brought in an inconvenient forum and
hereby further irrevocably agrees that a judgment in any such Proceedings brought in
the English courts shall be conclusive and binding upon it and may be enforced in the
courts of any other jurisdiction. Nothing contained in this Condition shall limit any
right to take Proceedings against the Republic in any other court of competent
jurisdiction,
and the taking of Proceedings in one or more jurisdictions
shall not
preclude the taking of Proceedings in any other jurisdiction, whether concurrently or
not. The Republic appoints the Economic and Commercial Counsellor for the time
being of the Greek Embassy, la Holland Park, London Wll 3TP, Fax 00 44 207 72
79 934 as its agent for service of process in England, and undertakes that, in the event
of such agent ceasing so to act or no longer having an address in England, it will
appoint another person as its agent for service of process in England in respect of any
Proceedings. Nothing herein shall affect the right to serve Proceedings in any other
manner permitted by law. The Republic hereby irrevocably and unconditionally
waives with respect to the Agency Agreement, the Notes and/or the Coupons any
right to claim immunity from jurisdiction or execution and any similar defence and
irrevocably and unconditionally consents to the giving of any relief or the issue of any
process, including, without limitation, the making, enforcement or execution against
any property whatsoever (irrespective of its use or intended use) of any order or
judgment validly made or given in connection with any Proceedings. Notwithstanding
the foregoing, under the laws of the Republic, the funds, assets, rights and general
property of the Republic located in the Republic are immune from execution and
LVOO3699.522/ 11
Law and Submission
to jurisdiction
Page 10
attachment and any process in the nature thereof, and the foregoing waiver shall not
constitute a waiver of such immunity
or of any immunity
from execution or
attachment or process in the nature thereof with respect to the premises of the
Republics diplomatic missions in any jurisdiction which fiords immunity thereto or
with respect to assets of the Republic outside the Republic necessary for the proper
functioning of the Republic as a sovereign power.
A judicial fee (being at the date hereof at the rate of approximately one per cent; of the amount claimed)
will be payable to the Republic upon the commencement of Proceedings in the courts of the Republic to
obtain a judgement, or to enforce a judgment obtained in any jurisdiction outside the Republic, for the
payment of any sum due from the Republic. This judicial fee may be recoverablefrom the defeatedparty
by the person commencing such Proceedingsifsuch person is su~essfL1in such Proceedings.
LVOO3699.522/ 11
Page11
SUMMARY
I
OF PROVISIONS
RELATING
TO THE
GLOBAL
FORM
NOTES
WHILE
IN
The Temporary Global Note and Permanent Global Note contain provisions which apply to
the Notes while they are in global form, some of which modify the effect of the terms and
conditions of the Notes set out in this document. The following is a summary of certain of
those provisions:
1.
EXCHANGEFORDEFINITIMZNOTES
The Temporary Global Note will be exchangeable, in whole or in part, for the
(9
Permanent Global Note not earlier than 40 days after the Closing Date upon certification as to
non-U.S. beneficial ownership.
The Permanent Global Note is exchangeable in whole but not, except as provided
(ii)
below, in part only, for definitive bearer Notes (a) Euroclear and Clearstream, Luxembourg
are closed for business for a continuous period of 14 days (other than by reason of legal
holidays) or have announced an intention permanently to cease business and no alternative
clearance system satisfactory to the Agent is available; or (b) the Issuer or any person acting on
its behalf is obliged to pay additional amounts as provided for or referred to in Condition 6
which would not be required were the Notes in definitive bearer form; or (c) an Event of
Default (as defined in Condition 7) has occurred and is continuing.
If principal in respect of any Notes is not paid when due and payable the holder of the
Permanent Global Note may by notice to the Agent (which may but need not be the default
notice referred to in Default below) require the exchange of a specified principal amount of
the Permanent Global Note (which may be equal to or (provided that, if the Permanent
Global Note is held by or on behalf of a clearing system, that clearing system agrees) less than
the outstanding principal amount of Notes represented thereby) for definitive Notes on or
after the exchange date specified in such notice.
On or after any exchange into definitive Notes the holder of the Permanent Global Note may
surrender the Permanent Global Note or, in the case of a partial exchange, present it for
endorsement to or to the order of the Agent. In exchange for the Permanent Global Note, or
the part thereof to be exchanged, the Republic will deliver, or procure the delivery of, an
equal aggregate principal amount of duly executed and authenticated definitive Notes in bearer
form (having attached to them all Coupons in respect of interest which has not already been
paid on the Permanent Global Note), security printed in accordance with any applicable legal
and stock exchange requirements and in or substantially in the form set out in Parts III and IV
of Schedule 2 to the Agency Agreement. On exchange in full of the Permanent Global Note,
the Republic will, if the holder so requests, procure that it is cancelled and returned to the
holder together with any relevant definitive Notes.
2.
PAYMENTS
No payment will be made on the Temporary Global Note unless exchange for an interest in
the Permanent Global Note is improperly withheld or refused provided that, in the case of an
improper withholding of, or refusal to exchange, an interest in the Permanent Global Note, a
certificate of non-U.S. beneficial ownership has been properly provided.
Payments of principal and interest in respect of Notes represented by the Permanent Global
Note will be made against presentation for endorsement and, if no further payment falls to be
made in respect of the Notes, surrender of the Permanent Global Note to or to the order of
the Agent or such other Paying Agent as shall have been notified to the Noteholders for such
purpose. A record of each payment so made will be endorsed on the appropriate schedule to
LVOO3699.522/ 11
Page 12
the Permanent Global Note, which endorsement

payment has been made in respect of the Notes.
3.
will
be prima
facie evidence
that such
NOTICES
Notices shall be given as provided in Condition

11, save that so long as the Notes are
represented by the Temporary Global Note or Permanent Global Note and the Temporary
Global Note or Permanent Global Note is held on behalf of a clearing system, in substitution
for publication as required by Condition 11, notice may be given by delivery of the relevant
notice to that clearing system for communication by it to entitled accountholders.
4.
PURCHASEANDCANCELLATION
Cancellation of any Note to be cancelled following its purchase will be effected by reduction
in the principal amount of the Permanent Global Note.
5.
DEFAULT
The Global Notes provide that the holder may cause the Global Note or a portion of it to
become due and payable in the circumstances described in Condition 7 by stating in the notice
to the Republic the principal amount of Notes which is being declared due and payable.
LVOO3699.522/ 11
Page 13
USE OF PROCEEDS
The net proceeds from the issue of Notes, which are estimated to be approximately
euro 200,000,000, will be used by the Republic for its general funding purposes.
GREEK
TAXATION
The comments
below are of a general nature, and are based on the provisions
of tax
Noteholders
who
are
in
doubt
as
to
their
laws currently
in force in Greece.
personal tax position should consult their professional
advisers.
All payments due from the Republic in respect of principal or interest in respect of the Notes
may be made free and clear of, and without deduction or withholding
for or on account of,
any Greek taxes provided that the holder of the relevant Note or, as the case may be, Coupon
is not subject to such tax by reason of his being connected with the Republic or otherwise
than merely by holding such Note or Coupon.
Holders of the Notes, regardless of whether they are residents or not for tax purposes in the
Republic, will not be subject to Greek taxes or duties on capital gains realised from the sale or
redemption of their Notes.
No stamp, registration or similar taxes are currently payable in the Republic in respect of
execution or delivery of any of the documents in connection with the execution, issue or
transfer of any of the Notes.
LVOO3699.522/ 11
Page 14
SUBSCRIPTION
AND
SALE
LIE% AG, acting through its division, Warburg Dillon Read (the Manager) has, pursuant to
a Subscription Agreement dated 13 April 2000 (the Subscription Agreement),
agreed with
the Republic to subscribe and pay for the Notes at the issue price of 100.05 per cent. of the
principal amount of the Notes, less a selling concession of 0.025 per cent-. of such principal
amount of the Notes. The Republic will pay to the Manager a combined management and
underwriting
commission of 0.025 per cent. of the principal amount of the Notes.
The
Republic has agreed to pay the Manager an amount in respect of certain of its costs and
expenses in connection with the issue of the Notes. The Manager is entitled to terminate the
Subscription Agreement in certain circumstances prior to payment to the Republic.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (the
Securities Act) and are subject to U.S. tax law requirements.
Subject to certain exceptions,
Notes may not be offered, sold or delivered within the United States or to U.S. persons. The
Manager has agreed that it will not offer, sell or deliver any Notes within the United States or
to U.S. persons, except as permitted by the Subscription Agreement.
In addition, until 40 days after the commencement of the offering, an offer or sale of Notes
within the United States by any dealer (whether or not participating in the offering) may
violate the registration requirements of the Securities Act.
The Manager has agreed that it has complied and will comply with all applicable provisions of
the Financial Services Act 1986 with respect to anything done by it in relation to the Notes in,
from or otherwise involving the United Kingdom.
GENERAL
1.
The
2187/94 of
article 1 of
dated 7 July
issue of the Notes has been

the Republic, as supplemented
Law 2678/98 of the Republic
1999 of the Minister of Finance
INFORMATION
duly authorised pursuant to (a) article 1 of Law
by article 11 of Law 2628/98 of the Republic (b)
and (c) Ministerial Decision No. 2/44514/0004
of the Republic.
2.
Application has been made to list the Notes on the Luxembourg Stock Exchange. As
long as the Notes are listed on the Luxembourg Stock Exchange, the Republic will maintain a
Paying Agent having a specified office in Luxembourg.
3.
The Notes have been accepted for clearance through Euroclear and Clearstream,
Luxembourg with a Common Code of 11030793. The ISIN for the Notes is XSOllO307930.
4.
Copies of the Agency Agreement
(or pending execution,
a draft thereof),
incorporating the respective forms of the temporary and permanent Global Notes and the
definitive Notes, and the Deed of Covenant (or pending execution, a draft thereof), may be
inspected on any business day (Saturdays and public holidays excepted) at the specified offices
of the Paying Agents.
5.
The Notes and Coupons will contain the following legend Any United States person
who holds this obligation will be subject to limitations under the United States income tax
laws, including the limitations provided in Sections 165(j) and 1287(a) of the Internal Revenue
Code.
LVOO3699.522/ 11
Page15
THE ISSUER
The Hellenic Republic
Ministry of Finance
Public Debt Management Agency
8 Omirou Street
10564 Athens
FISCAL
AND PRINCIPAL
PAYING
Deutsche Bank AG London
Winchester House
1 Great Winchester Street
London EC2N 2DB
AGENT
PAYING
AGENT
AND LISTING
AGENT
Deutsche Bank Luxembourg
S.A.
2 Boulevard Konrad Adenauer
L-l 115 Luxembourg
To the Republic as to Greek law

Vassilios Contolemos
Ministry of Finance
8 Omirou Street
10564 Athens
To the Manager as to English law

Freshfields
65 Fleet Street
London EC4Y 1HS
To the Manager as to Greek law

Law Office E. Stratigis
4 Flessa Street
GR-105 56 Athens
LVOO3699.522/ 3.1
Page 16
41
. 6
10 2002
2/5138/0004/24.1.2000

(....) , , ..............................................................
. .........

(5) ..................................
...
()

............................
30236/10.3.2000
&

18 - 64 ,
30594/ 26.7.2000................................................
.. .................................
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.......
1
2
3
5
6
7
8
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. 2/318/0004
(1)
. 2/5138/0004/24.1.2000

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,
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(...- ... ..)
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,
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,
.
4.

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, , (....) ..
. 2/53170/0004/2.10.2000
, :
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) , ,
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2.
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42
( )

.
, 4 2002

. 2/214/0023
.
(2)

:
1. 20 . 2954/2001 (
255/2.11.2001) , ,
....
2. . 7 27 .
2166/1993 ( 137/24.8.1993)
, ....
3. . 2 .39 .
2937/2001 ( 169/26.7.2001)

,
.... .. ....
4. 31 32 . 1914/90

,
( 178/17.12.1990).
5. 8 . 2842/2000 (
207/2000 .)
() 1103/97, 974/98 , .
6. 5 12 .
2198/1994
,
( ) ( 43/22.3.1994).
7. 11 . 2459/1997 "
( 17/18.2.1997),
9 . 2579/98) .
8. . 2021180/2981/0023/31.3.1997
, ...
( 286//10.4.1997).
9. . 2/4627/0023/25.1.2001
,
,
.
10. . 1100383/1330/0006/31.10.2001 (
1485// 31.10.2001)

, :
1.
,

(160.372.237,26)
1.1.1998 31.12.2000,
7 27 . 2166/1993 2 39 .
2937/2001 :
) 11.1.2002 (=
C
2.237,26) .
) (1) ,
(160.370.000,00) ,
11.1.2002 10
. 2954/2001 20.

:
1) 11.1.2003 16.037.000,0
2) 11.1.2004 16.037.000,0
3) 11.1.2005 16.037.000,0
4) 11.1.2006 16.037.000,0
5) 11.1.2007 16.037.000,0
6) 11.1.2008 16.037.000,0
7) 11.1.2009 16.037.000,0
8) 11.1.2010 16.037.000,0
9) 11.1.2011 16.037.000,0
10) 11.1.2012 16.037.000,0
2. 1.000
.
3. 2%
. =
C 1.000 (1.000 ),
365
366 {actual/actual (ISMA)} .
4.
11.1.2003 , .
5.
, (.1).
.
6.
.
7.
(10%). .
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9. T .
10.

2003 2012,
' .

.
, 3 2002

. . 53245
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(5) .

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:
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. 2539/97 ( 244) .
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.
3. . /1/2/22875/31.10.2001
, , ( 1480).
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.
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. 1.1. , , .
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. 741
14 2002
2/799981/0022/22.1.2001 (
92//31.1.2001)
, , , , , , , ,
, , , , ,
-, .................................. 1
5.6.2002 . ............................................. 2

. .......................................... 3
/ ....... 4

,
1972 - 1992
...... 5
. . 2002 ......... 6

..................... 7
/-/
- - " ............. 8

. ................................... 9

/ .
............................................................... 10
. 2/25595/0022
(1)
2/799981/0022/22.1.2001 ( 92/
/31.1.2001) ,
, , , ,
, , , , ,
, , , -,
.

-

:
1. .. 181/1994 ( 116//7.7.94)
.
2. . 258/1993

, .. 171/1994 ( 108//6.7.94).
3. .. 137/1996 ( 107//10.6.96)
.
4. 14 . 3 .2328/1995
, .
5. /.. 19/20/20446/4.10.2000
... 55/98,
(16) ( )

...
6. 29 . 1558/1985
27 .2081/1992 1 .2469/1997 ( 28/).
7. 40 .849/1978, 8 .2129/ 1993.
9692
( )
8. , 1100383/1330/0006/ 31.10.2001 ( 1485//01).

9. 2/79981/0022/22.1.2001 ( 92//31.1. 2001)

, , , , , , , , ,
, , , , -, .
10. (1.416,00) EURO,
2002 5115 (7.080)
(5) , :
2/79981/0022/22.1.2001 ( 92//
31.1.2001)

(1.054)
(1.200)
.
2/79981/ 0022/
22.1.2001 ( 92//31.1 2001) .

.
, 31 2002

. 2/31248/0023
(2)
5.6.2002

.

:
1. 31 32 . 1914/90
( 178/90) , .
2. 1 . 2187/1994 ( 16/8.2.94).
3. 5 12 .2198/94
( 43/22.3.94) ,
( ).
4. 11 .2459/97 ( 17//97),
9
.2579/98.
5. 90 91 .2362/1995
( 247 /27.11.1995) ,
.
6. 2021180/2981/0023/97
.. .
7. 51 . 2972/2001 (
291 /27.12.2001)

.
8. 5.6.2002

.
9. 2/4627/0023/25.1.2001
,
, .
10. 2/14191/
0023/8.3.2002, 2/7952/0023/11.2.2002, 2/1019/0023/
10.1.2002 2/22303/0023/17.4.2002, , ,
.
11. 1100383/1330/0006/31.10.2001 ( 1485//
31.10.2001)

, :
re opening 5.6.2002,
, (6 1.453.862.000), .
, ... 5-62002,
..., 1.467.351.430,67 ,
51 . 2972/
2001 5.6.2002

.
5.6.2002
. ISIN
15/03/2002
GR 0110013/159
500.000.000,00
501.300.000,00
5.225.000,00
14/02/2002
GR 0114012/371
400.000.000,00
395.240.000,00
5.656.000,00
17/01/2002
GR 0124018/525
10
300.000.000,00
295.530.000,00
5.997.000,00
24/04/2002
GR 0133002/155
20
253.862.000,00
256.679.868,20
1.723.722,98
1.453.862.000,00
1.448.749.868,2
18.601.722,98
( )
, ,
( + ), (6 1.467.351.591,18).
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, 1.467.351.430,67
1.467.351.591,18 ,
, 5/6/2002, 6 160,51.

2002,
2003 2022,

.

.
, 5 2002

. 2/27457/0022
(3)

.

-

:
1. 18 .2470/1997 (.40), 15 ,.2592/1998
,
(. 57).
2. 2/74260/0004/15.10.99 ( 1925/15.10.1999
.) .
3. 5/5/1.2.2000 ( 132/10.2.2000 .) .
4. 2030771/4262/0022/24.4.1997
2022941/2297/ 0022/7.4.1998 2/8803/0022/8.2.99
.
5. 443/24.1.2002 :
) .
)

:

/
.
6.
14.000
9693
, ,

, , :
2002
, 22 , 1.4.2002 30.6.2002 (2.370)
:
) (11)
(11 50 3 = 1650 ).
) (2)
(2 70 3 = 420 ) (2) (2 50 3 = 300 ),

, 30.6.2002.

.
, 30 2002

/
&
.
.
. 2/30399/0022
(4)

/ .

-
&
:
1. 18 .2470/1997 (.40), 15 ..2592/1998
,
( 57).
2. 40 .849/78.
3. 2026439/3480/0022/
30.5.97 .2470/97

( 462 .)
4. 1039386/441/.0006/21.4.2000 ( 571 /
21.4.2000)

.
5. 2/74260/0004/15.10.99 ( 1925/15.10.1999
.) .
6. 5/5/1.2.2000 ( 132/10.2.2000 .) .
7. 174/25.2.2002 .
( / , . ).
10713

. 796
27 2002
,
,
20.06.2002 20.06.2012,

(6 413.711.000) 1
. ........................................................................... 2
, . . 3

. . ......................................................................... 4
,
()........................................................ 5

-
2002......................................................................... 6

................................................................... 7
2/211/19.2.2001
( 433/19.4.2001)

.......................................................... 8

2/20586/0022/26.4.2002
2
............................................................... 9
. 2/33313/0023
(1)
,
,
20.6.2002 20.6.2012,

(6 413.711.000).

:
1. 31 32 . 1914/90

,
.
2. 5 12 . 2198/94
( 43/22.3.94) , ( ).
3. 11 . 2459/97 ( 17//97),
9
.2579/98.
4. , 3 . 2458/97 (
15//97)
.
5. 2021180/2981/0023/97
.. .
6. 90 91 . 2362/1995
( 247 /27.11.1995)
7. .34/244/8.2.99
( 120/18.2.1999) 2 3 . 2458/97
.
8. 885/10/30.1.2002

2001.
9. 2/4627/0023/25.1.2001
,
, .
10. 1100383/1330/0006/31.10.2001 ( 1485//
31.10.2001)
10714
( )

, :
, ,
20.6.2002 20.6.2012,
(6 413.711.000).
2001.
.
6 1.000 . 5,25%.
.
6
1.000 (1.000 ), 365 366
{actual/actual (ISMA)} .

20.06.2003 , .

.
,

T.A.R.G.E.T.

.
(10%).
.
. .

.
:

2002,
2003 2012,

.

.
, 14 2002

. 2/30985/0022
(2)

-
:
. :
1. . 18 18 . 2503/97 ,
, -

( 107/./97).
2. 40 . 849/1978
8 . 2129/93 ( 59).
3. 22 . 3 . 2362/1995 ,
( 247/. /27.11.1995).
4. 27 . 2081/1992 ( 154//10.9.92)
29 . 1558/1985
( 137//1985)
1 . 2469/1997

( 38/./97).
5. 1100383/1330/0006/31.10.2001

.
6. 19 . 2470/1997 ( 40/./97).
7. 2/80345/0004/8.11.1999
7 .1 . 1943/91.
8. 1/. 14989/11.2.2002 ( 180/./19.2.2002)

.
9. 1/....39558/16.4.2002

.
.

.
. , ,
, (40.800)
(81.600)
220
0515., :
1.

:
500
() 450

,
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.
2.

( 220 0515).
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.

.
, 14 2002

/
&
.
F
A. 2/27459/0022
(3)
,
.

:
1. . 2470/97 .18 . 15 . 2592/98.
2. - , .
3. 2/80345/0004/8.11.99 . 7 .1
. 1943/91 ( 2040/19.11.99 .).
4.
(2.200 6 )
0261

...., :
2002, (4) -
(600)
.

,
.
. , , .

, 2.30.. 5.30 ..

-
.
... .
2002
...

.

.
, 13 2002

/
&
F
A. 2/23886/0025
(4)

..

:
1) 1
2441/96 ( 256/96)
8.8.96
.
2) .. 284/1988 ( 128/88).
3) 2/38554/0004/23.5.00 ( 703/7.6.00)

, / .
4) 2028691/4534/3.8.95

.... , ...
5) 23.4.2002
.
6)
.
7) ,
:
..
800.000.000.00 ,
, .. ( 2028691/
4354/3.8.95).
OFFERING CIRCULAR

400,000,000
4.59 per cent. Notes due 2016
Issue Price: 100.00 per cent.
The 400,000,000 4.59 per cent. Notes due 2016 (the Notes) of The Hellenic Republic (the
Republic) will bear interest from, and including, 8th April, 2003 at the rate of 4.59 per
cent. per annum payable annually in arrear on 8th April in each year as described in Terms
and Conditions of the Notes - Interest. Payments of interest in respect of the Notes to non
Greek residents will be made without deduction for or on account of Greek taxes, as
described under Terms and Conditions of the Notes - Taxation.
The Notes will mature on 8th April, 2016.
Application has been made to list the Notes on the Luxembourg Stock Exchange.
The Notes will be represented initially by a temporary global note (the Temporary Global
Note), without interest coupons or talons, which is expected to be deposited with a common
depositary (the Common Depositary) for Euroclear Bank S.A./N.V. as operator of the
Euroclear System (Euroclear) and Clearstream Banking, socit anonyme (Clearstream,
Luxembourg) for credit on 8th April, 2003 (the Closing Date) to the accounts of such
clearance systems. The Temporary Global Note will be exchangeable for a permanent global
note (the Permanent Global Note), without interest coupons or talons, to be held by the
Common Depositary, not earlier than 26th May, 2003 upon certification as to non-U.S.
beneficial ownership. Save in the certain limited circumstances described herein, Notes in
definitive form will not be issued in exchange for the Permanent Global Note.
MERRILL LYNCH INTERNATIONAL

The date of this Offering Circular is 4th April, 2003
The Republic confirms that it has taken all reasonable care to ensure that all information
contained in this Offering Circular with regard to the Republic and the Notes is in every
material respect true and accurate and not misleading and to the best of its knowledge and
belief there are no other facts the omission of which would make any statement in the
Offering Circular misleading in any material respect in the context of the issue and sale of the
Notes.
Merrill Lynch International (the Manager) has not separately verified the information
contained herein. Accordingly, no representation, warranty or undertaking, express or
implied, is made and no responsibility or liability is accepted by the Manager as to the
accuracy or completeness of the information contained in this Offering Circular or any other
information provided by the Republic in connection with the Notes or their distribution.
No person is or has been authorised to give any information or to make any representation
which is not contained in, or which is not consistent with, this Offering Circular or any other
information supplied by or on behalf of the Republic in connection with the Notes and, if
given or made, such information or representation must not be relied upon as having been
authorised by the Republic or the Manager.
Neither this Offering Circular nor any other information supplied in connection with the
Notes (i) is intended to provide the basis of any credit or other evaluation or (ii) should be
considered as a recommendation or constituting an invitation or offer by the Republic that
any recipient of this Offering Circular should purchase any Notes. Each investor
contemplating purchasing any Notes should make its own independent investigation of the
financial condition and affairs, and its own appraisal of the creditworthiness, of the Republic.
The delivery of this Offering Circular does not at any time imply that the information
contained herein concerning the Republic is correct at any time subsequent to the date hereof
or that any other information supplied in connection with the issue of the Notes is correct as
of any time subsequent to the date indicated in the document containing the same.
The distribution of this Offering Circular and the offer or sale of Notes may be restricted by
law in certain jurisdictions. The Republic and the Manager do not represent that this
document may be lawfully distributed or that the Notes may be lawfully offered, in
compliance with any applicable registration or other requirements in any such jurisdiction,
or pursuant to an exemption available thereunder, or assume any responsibility for
facilitating any such distribution or offering. In particular, no action has been taken by the
Republic or the Manager which would permit a public offering of the Notes or distribution of
this document in any jurisdiction where action for that purpose is required. Accordingly, the
Notes may not be offered or sold, directly or indirectly, and neither this Offering Circular nor
any advertisement or other offering material may be distributed or published, in any
jurisdiction except under circumstances that will result in compliance with any applicable
laws and regulations. Persons into whose possession this Offering Circular or any Notes
come must inform themselves about, and observe, any such restrictions. In particular there
are restrictions on the distribution of this Offering Circular and the offer or sale of Notes in
the United States and the United Kingdom (see Subscription and Sale).
In this Offering Circular, unless otherwise specified or the context otherwise requires,
references to or euro are to the currency introduced at the start of the third stage of
European Economic and Monetary Union pursuant to the Treaty establishing the European
Community (as amended from time to time).
Page 2
TABLE OF CONTENTS
Page
Terms and Conditions of the Notes ......................................................................................4
Summary of provisions relating to the Notes while in global form ....................................14
Use of Proceeds.................................................................................................................16
Greek Taxation..................................................................................................................16
Subscription and Sale ........................................................................................................17
General Information ..........................................................................................................17
In connection with the issue and distribution of the Notes, Merrill Lynch International
may over-allot or effect transactions with a view to supporting the market price of the
Notes for a limited period. However, there may be no obligation on Merrill Lynch
International or any agent of it to do this. Such stabilising, if commenced, may be
discontinued at any time and must be brought to an end after a limited period. Such
stabilising shall be in compliance with all applicable laws and regulations, including
Greek law.
Page 3
TERMS AND CONDITIONS OF THE NOTES

There follows the text of the Terms and Conditions to which (subject to completion and
amendment) the Notes will be subject:
The 400,000,000 4.59 per cent. Notes due 2016 (the Notes) are issued by The Hellenic
Republic (the Republic) pursuant to (a) article 1 of Law 2187/94 of the Republic, as
amended and supplemented by article 11 of Law 2628/98 of the Republic and (b)
Ministerial Decision No. 2/44514/004 dated 16th June, 1999 of the Minister of Finance.
Payments in respect of the Notes will be made pursuant to an Agency Agreement (the
Agency Agreement) dated 8th April, 2003 and made between the Republic, Deutsche
Bank AG London as fiscal and principal paying agent and agent bank (the Agent,
which expression shall include any successor agent) and the other paying agent named
therein (together with the Agent, the Paying Agents, which expression shall include
any additional or successor paying agents).
The Noteholders and the Couponholders (each as defined below) are entitled to the
benefit of a Deed of Covenant (the Deed of Covenant) dated 8th April, 2003 and made
by the Republic.
during normal business hours at the specified office of each of the Paying Agents. The
Noteholders and the Couponholders are deemed to have notice of, and are entitled to the
benefit of, all the provisions of the Deed of Covenant and the Agency Agreement which
are binding on them.
Words and expressions defined in the Agency Agreement shall have the same meanings
where used in these Terms and Conditions unless the context otherwise requires or unless
otherwise stated and provided that, in the event of inconsistency between the Agency
Agreement and these Terms and Conditions, these Terms and Conditions will prevail.
Any reference herein to Noteholders shall mean the holders of the Notes and any
reference herein to Couponholders shall mean the holders of the Coupons (as defined
below).
1.
FORM, DENOMINATION AND TITLE
The Notes are in bearer form and in the denomination of 1,000, 10,000 and 100,000
(each a Specified Denomination). The Notes are issued with interest coupons for the
payment of interest (the Coupons) attached.
Subject as provided below, title to the Notes and Coupons will pass by delivery. The
Republic and any Paying Agent may deem and treat the bearer of any Note or Coupon as
the absolute owner thereof (whether or not overdue and notwithstanding any notice of
ownership or writing thereon or notice of any previous loss or theft thereof) for all
purposes.
For as long as any of the Notes are represented by a global Note held on behalf of
Euroclear Bank S.A./N.V. as operator of the Euroclear System (Euroclear) and
Clearstream Banking, socit anonyme (Clearstream, Luxembourg), each person
(other than Euroclear or Clearstream, Luxembourg) that is for the time being shown in the
records of Euroclear or Clearstream, Luxembourg, as the holder of a particular nominal
amount of such Notes (in which regard any certificate or other document issued by
Euroclear or Clearstream, Luxembourg as to the nominal amount of such Notes standing to
the account of any person shall be conclusive and binding for all purposes save in the case of
Page 4
manifest error) shall be treated by the Republic and any Paying Agent as the holder of such
nominal amount of such Notes for all purposes other than with respect to the payment of
principal or interest on the Notes, for which purpose the bearer of the relevant global Note
shall be treated by the Republic and any Paying Agent as the holder of such Notes in
accordance with and subject to the terms of the relevant global Note (and the expressions
Noteholder and holder of Notes and related expressions shall be construed
accordingly). Notes which are represented by a global Note will be transferable only in
2.
STATUS OF THE NOTES AND NEGATIVE PLEDGE
The Notes constitute direct, general, unconditional, unsubordinated and, subject to this
Condition, unsecured obligations of the Republic. The Notes rank pari passu with all
other unsecured and unsubordinated obligations of the Republic outstanding on 8th April,
2003 or issued thereafter without any preference granted by the Republic to one above the
other by reason of priority of date of issue, currency of payment, or otherwise. The due
and punctual payment of the Notes and the performance of the obligations of the Republic
with respect thereto is backed by the full faith and credit of the Republic.
So long as any Note remains outstanding, the Republic shall not create or permit to
subsist any mortgage, pledge, lien or charge upon any of its present or future revenues,
properties or assets to secure any External Indebtedness (as defined in Condition 7),
unless the Notes shall also be secured by such mortgage, pledge, lien or charge equally
and rateably with such External Indebtedness or by such other security as may be
approved by an Extraordinary Resolution of the Noteholders (as described in Condition
10).
3.
INTEREST
Each Note bears interest on its principal amount from (and including) 8th April, 2003 (the
Interest Commencement Date), at the rate of 4.59 per cent. per annum payable annually
in arrear on 8th April (each an Interest Payment Date) in each year. The first payment of
interest will be made on the Interest Payment Date next following the Interest
Commencement Date. Interest will be paid subject to and in accordance with the provisions
of Condition 5.
Interest will cease to accrue on each Note (or, in the case of the redemption of part of a Note,
that part only of such Note) on the due date for redemption thereof unless, upon due
presentation thereof, payment of the final redemption amount is improperly withheld or
refused in which event interest will continue to accrue (as well after as before any judgment)
until whichever is the earlier of (A) the day on which all sums due in respect of such Note up
to that day are received by or on behalf of the holder of such Note and (B) the day on which
the Agent has notified the holder thereof (either in accordance with Condition 11 or
individually) of receipt of all sums due in respect thereof up to that date. Interest in respect of
a period of less than one year will be calculated on the basis of a 360 day year consisting of
12 months of 30 days each.
Page 5
4.
REDEMPTION AND PURCHASE
(1)
Final Redemption
Unless previously redeemed or purchased and cancelled as provided below, the Notes will
be redeemed at their principal amount on the Interest Payment Date on 8th April, 2016
(the Maturity Date).
(2)
Purchases
otherwise. Notes purchased or otherwise acquired by the Republic may be held or resold
or, at the discretion of the Republic, surrendered to the Agent for cancellation (together
with (in the case of definitive Notes) any unmatured Coupons attached thereto or
purchased therewith). If purchases are made by tender, tenders must be made available to
all holders of Notes alike.
(3)
Cancellation
surrendered to the Agent for cancellation, shall be cancelled (together, in the case of
definitive Notes, with all unmatured Coupons presented therewith), and thereafter may
not be re-issued or re-sold.
5.
PAYMENTS
Subject as provided below payments will be made in euro cheque drawn on, or by transfer
to, a euro account maintained by the payee. Payments of principal and interest in respect
of the Notes will (subject as provided below) be made against presentation or surrender of
such Notes or Coupons, as the case may be, at any specified office of any Paying Agent
outside the United States. If any Notes are redeemed or become repayable in accordance
with these Conditions prior to the Maturity Date, principal will be payable on surrender
of each Note. All payments of interest and principal with respect to Notes will be made
outside the United States.
Each Note should be presented for redemption together with all unmatured Coupons
relating to it, failing which the amount of any such missing unmatured Coupons (or, in
the case of payment not being made in full, that proportion of the amount which the sum
of principal so paid bears to the total principal amount due) will be deducted from the
sum due for payment. Each amount of principal so deducted will be paid in the manner
mentioned above against surrender of the relevant missing Coupon not later than 10 years
after the Relevant Date (as defined in Condition 6) for the relevant payment of principal.
If any date for payment of any amount in respect of any Note or Coupon is not a Payment
Day, then the holder thereof shall not be entitled to payment until the next following
Payment Day in the relevant place and shall not be entitled to any further interest or other
sum in respect of any such delay, unless such following Payment Day falls in the next
calendar month, in which case payment will be on the first preceding day that is a
Payment Day in the relevant place. For these purposes, Payment Day means (subject
to Condition 8) any day which is both:
(i)
Page 6
(ii)
a day on which the Trans-European Automated Real-Time Gross Settlement Express

Transfer (TARGET) System is operating.
If the due date for redemption of any Note is not an Interest Payment Date, interest
accrued in respect of such Note from (and including) the last preceding Interest Payment
Date (or from the Interest Commencement Date, as the case may be) will be paid only
against surrender of such Note.
The names of the initial Agent and the other initial Paying Agent and their initial
specified offices are set out below. The Republic reserves the right at any time to vary or
terminate the appointment of any Paying Agent and to appoint additional or other Paying
Agents and/or to approve any change in the specified office of any Paying Agent,
provided and that it will, so long as any of the Notes is outstanding, maintain (i) an Agent
and (ii) a Paying Agent (which may be the Agent) having a specified office in a leading
financial centre in continental Europe which, so long as the Notes are listed on the
Luxembourg Stock Exchange and the rules of such exchange so require, shall be
Luxembourg. Any such variation, termination or change shall only take effect (other than
in the case of insolvency, when it shall be of immediate effect) after not less than 30
days prior notice thereof shall have been given to the Noteholders in accordance with
Condition 11 and provided further that neither the resignation nor removal of the Agent
shall take effect, except in the case of insolvency as aforesaid, until a new Agent has been
appointed.
The Agency Agreement also contains an undertaking from the Republic that, if a European
Union Directive on the taxation of savings income implementing the proposal for a
Directive presented by the European Union Commission on 13th December, 2001 or any
law implementing or complying with, or introduced in order to conform to, such
Directive is implemented, it will maintain a paying agent in a European Union state that will
not be obliged to withhold or deduct tax pursuant to such Directive.
Payments in respect of the Notes will be subject in all cases to any fiscal or other laws
and regulations applicable thereto in the place of payment, but without prejudice to the
provisions of Condition 6.
6.
TAXATION
All payments of principal and/or interest in respect of the Notes and Coupons will be
made without deduction or withholding for or on account of any present or future taxes,
duties, assessments or governmental charges of whatever nature imposed or levied by or
on behalf of the Republic or by or on behalf of any political subdivision thereof or any
authority therein having power to tax (a Tax), unless deduction or withholding of such
Tax is compelled by law. In that event the Republic will pay such additional amounts as
will result (after such deduction or withholding) in the receipt by the holders of the Notes
or Coupons of the amounts which would otherwise have been receivable (in the absence
of such deduction or withholding), except that no such additional amount shall be payable
in respect of any Note or Coupon presented for payment:
(a)

(b)
by or on behalf of a holder who would not be liable for or subject to such withholding
or deduction by making a declaration of non-residence or other similar claim for
Page 7
exemption to the relevant tax authority if, after having been requested to make such a
declaration or claim, such holder fails to do so; or
(c)
payment on the last day of such 30 day period; or
(d)
where such withholding or deduction is imposed on a payment to or for an individual

and is required to be made pursuant to any European Union Directive on the taxation
of savings income implementing the proposal for a Directive presented by the
European Union Commission on 13th December, 2001 or any law implementing or
complying with, or introduced in order to conform to, such Directive.

(i)
the due date for payment thereof; or
(ii)
Agent on or prior to such due date) the date on which, the full amount of such monies
having been so received, notice to that effect is duly given to the Noteholders in
accordance with Condition 11 or individually.
deemed to include, as applicable, any additional amounts which may be payable under
this Condition by reason of a deduction or withholding of any amount from payments of
principal.
interest.
7.
EVENTS OF DEFAULT
If any of the following events (each an Event of Default) occurs:

(a)
due date for such payment; or
(b)
the Republic defaults in the payment of principal in respect of any of the Notes when
due at maturity or otherwise and such default is not cured by payment thereof within
seven days from the due date for such payment; or
(c)

notice thereof shall have been given to the Republic by the holder of any Note; or
(d)
in respect of any External Indebtedness (as defined below) in an amount equal to or

exceeding U.S.$25,000,000 (or its equivalent), (i) such indebtedness is accelerated so
that it becomes due and payable prior to the stated maturity thereof as a result of a
default thereunder and such acceleration has not been rescinded or annulled or (ii)
any payment obligation under such indebtedness is not paid as and when due and the
Page 8
or
(e)

(f)
any government order, decree or enactment shall be made whereby the Republic is
prevented from observing and performing in full its obligations contained in the
Notes,
then the holder for the time being of any Note may give notice in writing to the Republic
in accordance with Condition 11 that such Note is immediately due and payable
whereupon such Note shall become immediately due and payable at its principal amount
together with accrued interest (if any) to the date of repayment unless prior to such time
all Events of Default in respect of the Notes shall have been cured.
External Indebtedness means existing and future indebtedness for borrowed money of
the Republic or the Bank of Greece (which in the case of the Bank of Greece was incurred
on or before 31st December, 1993) for or on behalf of, or for the purpose of lending or
assigning an amount equal to all or part of such indebtedness (whether or not in the
currency of such indebtedness) to the Republic) and any guarantees given by the Republic
of any existing or future indebtedness for borrowed money of any other person, which:
(a)
on or before 31st December, 2000 was expressed or payable or optionally payable in

a currency other than the lawful currency of the Republic; or
(b)
on or after 1st January, 2001 (i) was denominated, expressed or payable in a

currency other than euro or (ii) was borrowed from, or is indebtedness initially
placed with, any foreign institution(s) or person(s) under a contract governed
by the laws of a jurisdiction other than that of the Republic.
8.
PRESCRIPTION
Claims for payment of principal in respect of the Notes shall be prescribed upon the
expiry of ten years, and claims for payment of interest in respect of the Notes shall be
prescribed upon the expiry of five years, in each case from the Relevant Date (as defined
in Condition 6) thereof, subject to the provisions of Condition 5.
9.
REPLACEMENT OF NOTES AND COUPONS
If any Note or Coupon is lost, stolen, mutilated, defaced or destroyed, it may be replaced
at the specified office of the Agent upon payment by the claimant of the expenses
incurred in connection therewith and on such terms as to evidence and indemnity as the
Republic may reasonably require. Mutilated or defaced Notes or Coupons must be
surrendered before replacements will be issued.
10.
MEETINGS OF NOTEHOLDERS AND MODIFICATION
The Agency Agreement contains provisions for convening meetings of the holders of the
Notes to consider matters affecting their interests, including modification by
Extraordinary Resolution of these Terms and Conditions. The quorum for any meeting
convened to consider a resolution proposed as an Extraordinary Resolution shall be one
or more persons holding or representing a clear majority in nominal amount of the Notes
Page 9
for the time being outstanding, or at any adjourned such meeting one or more persons
being or representing Noteholders whatever the nominal amount of the Notes for the time
being outstanding so held or represented, except that at any meeting, the business of which
includes, inter alia, (i) modification of the Maturity Date or reduction or cancellation of the
nominal amount payable upon maturity or otherwise, or variation of the method of calculating
the amount of principal payable on maturity or otherwise, (ii) reduction of the amount
payable or modification of the payment date in respect of any interest in respect of the Notes
or variation of the method of calculating the rate of interest in respect of the Notes,
(iii) modification of the currency in which payments under the Notes and/or the Coupons are
to be made, (iv) modification of the majority required to pass an Extraordinary Resolution or
(v) modification of the provisions of the Agency Agreement concerning this exception, the
necessary quorum for passing an Extraordinary Resolution will be one or more persons
holding or representing not less than 66 per cent., or at any adjourned such meeting not less
than 33 per cent., of the nominal amount of the Notes for the time being outstanding. Any
Extraordinary Resolution duly passed at any such meeting will be binding on all the
Noteholders (whether or not they are present at such meeting) and on all Couponholders.
The Agent may agree, without the consent of the holders of the Notes or Coupons, to any
modification to any of the provisions of the Notes which is of a formal, minor or
technical nature or is made to correct a manifest error. Any such modification shall be
binding on all Noteholders and Couponholders and, if the Agent so requires, shall be
notified to Noteholders as soon as practicable thereafter in accordance with Condition 11.
Provision is also made in the Agency Agreement for modifications to the Agency
Agreement which are not materially prejudicial to the interests of the Noteholders.
11.
NOTICES
(A)
All notices to the Noteholders will be valid if published, so long as the Notes are
listed on the Luxembourg Stock Exchange and the rules of that exchange so require, in the
Luxembourg Wort or any other daily newspaper of general circulation in Luxembourg. Such
notice shall be deemed to have been given on the date of such publication in the relevant
newspaper or, if published more than once, on the date of the first such publication. If
publication is not practicable in any such newspaper as is mentioned above, notices will be
valid if given in such other manner, and shall be deemed to have been given on such dates,
as the Agent shall determine. Couponholders shall be deemed for all purposes to have
notice of the contents of any notice given to the Noteholders in accordance with this
Condition 11.
(B)
Notices to the Republic to be given by any holder of the Notes shall be in writing and
given by lodging the same, together with the relative Note or Notes, with the Agent. A copy
of any notice under Condition 7 must, to be valid, also be delivered to Ministry of Finance,
General Accounting Office, Public Debt Directorate at the following address:
Ministry of Economy and Finance
General Accounting Office
Public Debt Division
37 Panepistimiou St.
101 65 Athens Greece
Tel. 00 30 10 3338 451
Fax. 00 30 10 3234 967
Page 10
12.
AGENT AND PAYING AGENTS
Noteholders or Couponholders. The Agency Agreement contains provisions for the
indemnification of the Paying Agents and for relief from responsibility in certain
profit.
13.
FURTHER ISSUES
The Republic shall be at liberty from time to time without the consent of the Noteholders
or Couponholders to create and issue further notes having terms and conditions the same
as the Notes or the same in all respects save for the amount and date of the first payment
of interest thereon and so that the same shall be consolidated and form a single series with
and increase the aggregate principal amount of the outstanding Notes.
14.
GOVERNING LAW AND SUBMISSION TO JURISDICTION
(A)
(B)
The Republic irrevocably agrees, for the exclusive benefit of the Paying Agents, the
Noteholders and the Couponholders, that the courts of England are to have jurisdiction to
settle any disputes which may arise out of or in connection with the Agency Agreement, the
Notes and/or the Coupons and that accordingly any suit, action or proceedings arising out of
or in connection with the Agency Agreement, the Notes and the Coupons (together referred to
as Proceedings) may be brought in such courts.
The Republic hereby irrevocably waives any objection which it may have now or hereafter to
the laying of the venue of any such Proceedings in any such court and any claim that any such
Proceedings have been brought in an inconvenient forum and hereby further irrevocably
agrees that a judgment in any such Proceedings brought in the English courts shall be
conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
Nothing contained in this Condition shall limit any right to take Proceedings against the
Republic in any other court of competent jurisdiction, and the taking of Proceedings in one or
more jurisdictions shall not preclude the taking of Proceedings in any other jurisdiction,
whether concurrently or not. The Republic appoints the Economic and Commercial
Counsellor for the time being of the Greek Embassy, 1a Holland Park, London Wl1 3TP, Fax
00 44 20 7727 9934 as its agent for service of process in England, and undertakes that, in the
event of such agent ceasing so to act or no longer having an address in England, it will
Proceedings. Nothing herein shall affect the right to serve Proceedings in any other manner
permitted by law.
The Republic hereby irrevocably and unconditionally waives with respect to the Agency
Agreement, the Notes and/or the Coupons any right to claim immunity from jurisdiction or
execution and any similar defence and irrevocably and unconditionally consents to the giving
of any relief or the issue of any process, including, without limitation, the making,
enforcement or execution against any property whatsoever (irrespective of its use or intended
use) of any order or judgment validly made or given in connection with any Proceedings.
Page 11
Notwithstanding the foregoing, the property of the Republic is subject to execution and
attachment to the extent permitted by the international conventions and Greek law.
15.
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
No rights are conferred on any person under the Contracts (Rights of Third Parties) Act
1999 to enforce any term of this Note, but this does not affect any right or remedy of any
person which exists or is available apart from that Act.
A judicial fee (being at the date hereof at the rate of approximately one per cent. of the
amount claimed) will be payable to the Republic upon the commencement of Proceedings in
the courts of the Republic to obtain a judgment, or to enforce a judgment obtained in any
jurisdiction outside the Republic, for the payment of any sum due from the Republic. This
judicial fee may be recoverable from the defeated party by the person commencing such
Proceedings if such person is successful in such Proceedings.
Page 12
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL

FORM
The Temporary Global Note and Permanent Global Note contain provisions which apply
to the Notes while they are in global form, some of which modify the effect of the terms
and conditions of the Notes set out in this document. The following is a summary of
certain of those provisions:
1.
EXCHANGE FOR DEFINITIVE NOTES
(i)
Permanent Global Note not earlier than 40 days after the Closing Date upon
certification as to non-U.S. beneficial ownership.
(ii)
The Permanent Global Note is exchangeable in whole but not, except as provided
below, in part only, for definitive bearer Notes only if (a) Euroclear and Clearstream,
Luxembourg are closed for business for a continuous period of 14 days (other than by
reason of legal holidays) or have announced an intention permanently to cease
business and no alternative clearance system satisfactory to the Agent is available; or
(b) the Issuer or any person acting on its behalf is obliged to pay additional amounts
as provided for or referred to in Condition 6 which would not be required were the
Notes in definitive bearer form; or (c) an Event of Default (as defined in Condition 7)
has occurred and is continuing.
Permanent Global Note may by notice to the Agent (which may but need not be the
default notice referred to in Default below) require the exchange of a specified principal
amount of the Permanent Global Note (which may be equal to or (provided that, if the
Permanent Global Note is held by or on behalf of a clearing system, that clearing system
agrees) less than the outstanding principal amount of Notes represented thereby) for
definitive Notes on or after the exchange date specified in such notice.
On or after any exchange into definitive Notes the holder of the Permanent Global Note
may surrender the Permanent Global Note or, in the case of a partial exchange, present it
for endorsement to or to the order of the Agent. In exchange for the Permanent Global Note,
or the part thereof to be exchanged, the Republic will deliver, or procure the delivery of, an
equal aggregate principal amount of duly executed and authenticated definitive Notes in
bearer form (having attached to them all Coupons in respect of interest which has not already
been paid on the Permanent Global Note), security printed in accordance with any applicable
legal and stock exchange requirements and in or substantially in the form set out in Parts III,
IV and V of Schedule 2 to the Agency Agreement. On exchange in full of the Permanent
Global Note, the Republic will, if the holder so requests, procure that it is cancelled and
returned to the holder together with any relevant definitive Notes.
2.
PAYMENTS
No payment will be made on the Temporary Global Note unless exchange for an interest
in the Permanent Global Note is improperly withheld or refused provided that, in the case
of an improper withholding of, or refusal to exchange, an interest in the Permanent
Global Note, a certificate of non-U.S. beneficial ownership has been properly provided.
Payments of principal and interest in respect of Notes represented by the Permanent
Global Note will be made against presentation for endorsement and, if no further payment
falls to be made in respect of the Notes, surrender of the Permanent Global Note to or to
Page 13
the order of the Agent or such other Paying Agent as shall have been notified to the
Noteholders for such purpose. A record of each payment so made will be endorsed on the
appropriate schedule to the Permanent Global Note, which endorsement will be prima
facie evidence that such payment has been made in respect of the Notes.
3.
NOTICES
Notices shall be given as provided in Condition 11, save that so long as the Notes are
Global Note or Permanent Global Note is held on behalf of a clearing system, in addition
to publication as required by Condition 11, notice may be given by delivery of the
relevant notice to that clearing system for communication by it to entitled accountholders.
4.
PURCHASE AND CANCELLATION
Cancellation of any Note to be cancelled following its purchase by the Republic will be
effected by reduction in the principal amount of the Permanent Global Note.
5.
DEFAULT
The global Notes provide that the holder may cause the global Note or a portion of it to
become due and payable in the circumstances described in Condition 7 by stating in the
notice to the Republic the principal amount of Notes which is being declared due and
payable.
Page 14
USE OF PROCEEDS
The net proceeds from the issue of Notes, which are estimated to be approximately
399,400,000, will be used by the Republic for its general funding purposes.
GREEK TAXATION
The comments below are of a general nature and are based on the provisions of tax
laws currently in force in Greece. Noteholders who are in doubt as to their personal
tax position should consult their professional advisers.
All payments due from the Republic in respect of principal or interest in respect of the
Notes may be made free and clear of, and without deduction or withholding for or on
account of any Greek taxes provided that the holder of the relevant Note or, as the case
may be, Coupon is not subject to such tax by reason of his being connected with the
Republic or otherwise than merely by holding such Note or Coupon.
No additional amount shall be payable in respect of any Note presented to or for payment
where such withholding or deduction is imposed on a payment to an individual and is
required to be made pursuant to any European Union Directive on the taxation of savings
income implementing the proposal for a Directive presented by the European Union
Commission on 13th December, 2001 or any law implementing or complying with, or
introduced in order to conform to, such Directive.
Holders of the Notes, regardless of whether they are residents or not for tax purposes in
the Republic, will not be subject to Greek taxes or duties on capital gains realised from
the sale or redemption of their Notes.
transfer of any of the Notes.
Page 15
SUBSCRIPTION AND SALE

Merrill Lynch International (the Manager) has, pursuant to a Subscription Agreement
dated 4th April, 2003 (the Subscription Agreement), agreed with the Republic to
subscribe and pay for the Notes at the issue price of 100.00 per cent. of the principal
amount of the Notes, less a fee of 0.15 per cent. of the principal amount of the Notes.
The Manager is entitled to terminate the Subscription Agreement in certain circumstances
prior to payment to the Republic.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933
(the Securities Act) and are subject to U.S. tax law requirements. Subject to certain
exceptions, Notes may not be offered, sold or delivered within the United States or to
U.S. persons. The Manager has agreed that it will not offer, sell or deliver any Notes
within the United States or to U.S. persons, except as permitted by the Subscription
Agreement.
In addition, until 40 days after the commencement of the offering, an offer or sale of
Notes within the United States by any dealer (whether or not participating in the offering)
may violate the registration requirements of the Securities Act.
The Manager has agreed that it has complied and will comply with all applicable
provisions of the Financial Services and Markets Act 2000 with respect to anything done
by it in relation to the Notes in, from or otherwise involving the United Kingdom.
GENERAL INFORMATION
1.
The issue of the Notes has been duly authorised pursuant to (a) article 1 of Law
2187/94 of the Republic, as amended and supplemented by article 11 of Law
2628/98 of the Republic and (b) Ministerial Decision No. 2/44514/004 dated 16th
June 1999 of the Minister of Finance.
2.
long as the Notes are listed on the Luxembourg Stock Exchange, the Republic will
maintain a Paying Agent having a specified office in Luxembourg.
3.
Luxembourg with a Common Code of 016595667. The ISIN for the Notes is
XS0165956672.
4.
Copies of the Agency Agreement (or pending execution, a draft thereof),

incorporating the respective forms of the global Notes and the definitive Notes, and
the Deed of Covenant (or pending execution, a draft thereof), may be inspected on
any business day (Saturdays and public holidays excepted) at the specified offices of
the Paying Agents.
5.
who holds this obligation will be subject to limitations under the United States
income tax laws, including the limitations provided in Sections 165(j) and 1287(a) of
the Internal Revenue Code.
Page 16
THE ISSUER
Ministry of Finance
8 Omirou Street
10564 Athens
THE MANAGER
Merrill Lynch International
Merrill Lynch Financial Centre
2 King Edward Street
London EC1A 1HQ
FISCAL AND PRINCIPAL PAYING AGENT

Winchester House
London EC2N 2DB
PAYING AGENT AND LISTING AGENT

Deutsche Bank Luxembourg S.A.
L-1115 G.D. Luxembourg
LEGAL ADVISERS
Vassilios Contolemos
Ministry of Finance
8 Omirou Street
10564 Athens

Freshfields Bruckhaus Deringer
65 Fleet Street
London EC4Y 1HS

4 Flessa Street
GR-105 56 Athens
Page 17
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. 437
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1. 31 32 .1914/90 "-

, "( 178/17.12.1990).
2. 1 .2187/94 "

" ( 16/8.2.1994).
3. 5 12
.2198/1994 "
6072
( )
,
( )" ( 43/22.3.1994).
4. 11 .2459/1997 " "
( 17'/18.2.1997),
9 .2579/98 ( 31'/17.2.1998), " ", .
5. T 15 . 2628/1998 (
151 /1998) 31 .
2682/1999 ( 16 /1999).
6. 64, 90 91
.2362/1995 ( 247 /27.11.1995)
7. 2021180/2981/0023/31.3.1997
" ,
... ( 286//10.4.1997)".
8. 2/4627/0023/25.01.2001
" ,
, ".
9. 2/22303/0023/ /17.4.2002 " 24.04.2002 , , 22.10.2022."
10. .2842/27.9.2000 "
() 1103/97, 974/98 2866/98 ,
". (
207//27.9.2000).
11. 1100383/1330/0006/31.10.2001 (
1485//31.10.2001)
"
".
12. . 2628/6.7.98 "
(....) " ( 151 /6.7.1998).
13. 418/04.04.2003 ....,
:
11.4.2003, ,
(re-opening) , , ,
22.10.2022.
.
1. ,
,
(re-opening) , , , 22.10.2022, 24.04.2002.
2. , , ,
(...), .
3. 6 1.000,
110,420 %
, 8 2003,
.
4. .
5.
24.04.2002 5,90%.
6.
.
61.000 (1.000 ), 365 366
{actual/actual (ISMA) } .
7. 11.4.2003
(re-opening)
22.10.2002 11.04.2003 2 .
,
(6 1.000),
5,90% 171/365
2,764110 %
6 1.000,
6 27,64.
8.
.

.
,

..R.G.E.T.
9.
,
.
10.
ISIN ( ISIN ).
-ISIN ,
.
.
.., , , , -
.

7 2003
9 2003.
:
... ,
... ,
...
...
,
.
1.000 ,
( )
1.000
, 10.000 .
, ...
..., 1.000 .
, , , .

, .
... .
ISIN B ,
,
.
, , SIN
, .
,
. ,
,
.

,
0,15%.
... .. 0,04%

2003,
,
.

.
, 8 2003

. . 2904/331
(4)
12
16 2000
.

,
:
1. 2, . 2 28.7.78

"
1978 .
" .
867/79 ( '24).
2. . 1190/81 ( 203//30.7.81)
6073
26.3.81 , " 1981 "

1, . 42 43 .
2412/96 "
" ( 123//17.6.96).
3. 3, 1
. 1283/82 ( '81) "
".
4. 10 . 2576/98 "
".
5. .. 69/1988 "
".
6. 16/04/773/29.11.90
.
.... "
".
7. 22 . 2362 "
" ( 247//27.11.95).
8. 29 . 1558/85 " " ( 37 )
27 . 2081/92 ( 154
) .
9. 6/31.10.2001 ( I484/B/
31.10.2001)
.... ...., .
10. 8252/32/9.10.2000 " 12
16 2000 " .
....

.... .
11. . . 10233/00/
32/12.1.2001 "

12 16
2000 ",
.
....
12. ,
13.

12 16 2000), :

:

10549
. 752
11 2003
2/22068/0022/
6.4.2001
.............................................................. 1
2/5603/0022/31.1.2003

( 182//19. 2.2003)... 2
......... 3

, , (6
1.384.961.000,00) ......................................................... 4
ZARA LILA
.......................................... 5

: ,
- .. - , 39.600.000 6.,
200207130014 071/3. ..................... 6

. ........................... 7

-
, , / ,

2003. ..................................................................... 8

, . / .. (/ 678686). .............................................................................. 9
,
............................................... 10
. 2/12862/0022
(1)
2/22068/0022/ 6.4.2001
.

-
:
1. 29 . 1558/85
( 137/~),
27 . 2081/92 ( 154 ~) 1 . 2469/97 ( 38/~).
2. . 703/77
, . 2296/95 ( 43/ ~),
. 2323/1995 ( 145 ) . 2741/1999 ( 199 ~)
. 2837/2000 ( 178 ~), . 2941/2001 ( 201/~)
. 3105/2003 ( 29/~).
3. . 2470/1997 .
4. 40 . 849/78 ( 232 ~)

, 8 . 2129/93.
5. .. 20/96 ( 14 ~)
.
6. .. 27/96 ( 19 ~) ,
, ,
.
7. 1100383/1330/0006/31.10.2001
.
8. 3743/28.9.2000
( 1213/) .
9. 2/22068/0022/6.4.2001 2/49096/0022/ 24.8.2001

,
,
.
10. -
( )
, , (6 1.384.961.000,00).

:
1. 31 32 . 1914/90 (
178/90) , .
2. 1 . 2187/1994
( 16/8.2.94).
3. 5 12 .2198/94
( 43/22.3.94) ,

( ).
4. 11 . 2459/1997 (
17~/18.2.1997), 9 .
2579/98 ( 31~/17.2.1998),
37 . 3130/2003 ( 76//2003).
5. 90 91 . 2362/1995
( 247 /27.11.1995) , .
6. 2021180/2981/0023/97 .. .
7. 51 . 2972/2001 ( 291
/27.12.2001)
.
10551
8. 5.6.2002

.
9. 23/64/30.5.2003 23/65/3.6.2003
/ ...
( ).
10. 2/15217/
0023/11.3.2003, 2/5000/0023//29.1.2003, 2/1311/0023/
13.1.2003, 2042962/5518/0023/12.6.97 2/22303/0023/
17.4.2002,
, , .
11. 1100383/1330/0006/31.10.2001 ( 1485//
31.10.2001)

, :
re opening 5.6. 2003,
,
, (6 1.384.961.000,00), .
, ... 5.6.2003,

..., 1.549.523.110,79 ,
51 . 2972/2001
5.6.2002
.
5.6.2003
H.
14.3.2003
5.2.2003
17.1.2003
19.6.1997
24.4.2002
ISIN
GR 0110014/165
GR 0114015/408
GR 0124021/552
GR 0124001/356
GR 0133002/155
3
5ETH
10
10ETH
20ETH
:
84.961.000,00
400.000.000,00
400.000.000,00
200.000.000,00
300.000.000,00
1.384.961.000,00
85.487.758,20
408.960.000,00
422.280.000,00
245.840.000,00
346.950.000,00
1.509.517.758,20
531.006,25
4.596.000,00
7.004.000,00
16.915.556,00
10.959.000,00
40.005.562,25
, ,
( + ),
(6 1.549.523.320/45).
, , 1.549.523.110/79
1.549.523.320,45
, , 5/6/2003, 6 209,66.
. 2/24112/0025

2003 2022,

,
.
.
, 5 2003

2. 3, . 1 . ~ ..
(5)
ZARA LILA
.

:
1. 2 . 1, . ~ ~ .
251/76 13
.1041/80 1 . 738/77 .
413/98 ( 291/28.12.98) .
3. 24.3.2003 (2)
, ,
,

,
.
12829
. 915
4 2003

2003 . ..
.., 2002 ....................
10
04.07.2003 20.05.2013.
9.5.2003, (re-opening)

05.02.2003, , , 5 , 18.04.2008. ......
" " "
2001-2004" () ..

(...) (....)
, ,
, , . ................................................

. .........
180691/ 07-02-01 "

EQUAL" (148) .....

() ....................................................................
1
2
3
5
5
6
7
8
9
/
////
--
.1060543/4815-20/0016
(1)

2003 . .

:
1. T 5
. 2275/94 ( 238), ,

(24)
, .
2. 2 11 .
2954/2001 (255..),

, ...
3.
2003 .

, .
.
4. 1295/ 32/12-6-2003 , , ,

2003.
5. ,
.
6. 1100383/13300/0006/31-10-2001 ( 1485 .)

,
, :
1. ...
... 31-3-2003
2003
, .
, , , ' , .... -
12830
( )
, (24),
' , (100)
.
2. 30-703 ...

2003.
3.

:
.
31-7-2003
. K , .
4. (3) , ,

, ...., .
, ..., .
5.
, ..., -

.
6. 20 . 2648/98 ( 238/22-10-98).
7.
.
, 30 2003

. 2/18878/0023
(2)

.., 2002."

:
1. 31 32 . 1914/90
"
,
".
2. 5 12
.2198/94/ 43/22-3-94) " , ( )".
3. 11 .2459/97 " ..." ( 17//97), -
9
.2579/98.
4. , 3 .2458/97 (
15//97) "
''.
5. 2021180/2981/0023/97
... ".
6. .34/244/8-2-99 (EK 120/18-2-1999)
" 2 3 .2458/97
''.
7. 941/27-3-2003,
2002".
8. 2/4627/0023//25-01-2001 " ,
,
",.
9. 1100383/1330/0006/2001)
" ", :
, ,
3.07.2003 3.07.2013,
(2 410.329.000).
2002.
.
2 1.000 .
3,90 %.

.
21.000 (1.000 ), 365 366

3.07.2004 , .

.
,

T.A.R.G.E.T.

.
(10%).
.
. .

.
( )

2003,
2004 2013,
'
.

.
, 1 2003

. 2/36696/0023
(3)
10
04.07.2003 20.05.2013.

:
1. 31 32 .1914/90 "
, "( 178/17.12.1990).
2. 1 .2187/94 "
" ( 16/8.2.1994).
3. 5 12
.2198/1994 "
,
( )" ( 43/22.3.1994).
4. 90 91 . 2362/1995
" ,
..."( 247 /27.11.1995)
5. 11 .2459/1997 " "
( 17'/18.2.1997),
9 .2579/98.
6. T 15 . 2628/1998 "
(....) " ( 151 /6.7.1998).
31 . 2682/1999
( 16 /1999).
7. .2842/27-9-2000 "
() 1103/97, 974/98 2866/98 ,
". (
207//27-9-2000).
8. 37 . 3130/28-3-2003
( 76//2003) " ..."
9. 2021180/2981/0023/31.3.1997
" , ... ( 286//10.4.1997)".
10. 2/4627/0023/25.1.2001
" ,
, ".
11. 2/1311/0023/13.01.2003 & " 17.01.2003
12831
, ,
, 10 ,
20.5.2013"
12. 1100383/1330/0006/31-10-2001 ( 1485//
31-10-2001) "
".
13. 27.06.2003 ...., :
04.07.2003, (reopening) 17.01.2003, , ,
10 , 20.05.2013.

1) , ,
, , (10) ,
17.01.2003 20.05.2013.
2) , , ,
(...), .
3) 1.000 ,
105,479 , 1 2003, .
4) .
5)
4,60%
.
6) .

.
21.000, 365 366 {actual/actual(ISMA)} .
. 04.07.2003
(re-opening)
2 , 17.01.2003
04.07.2003.
.
, (? 1.000) ,
4,60% 123/365
45/366 2,1157110%. 2 21,16.
7)
.

,
, . ,

T.A.R.G.E.T.
8)
.
.
9)

.
12832
( )
'
1)
- .., , , ,
, .

30 2003
2 2003.
2) :
... ,
... ,
...,
...,
, .
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
, ,
.
4) , ,
.
... .
5) ISIN B ,
, .
6)
, , ISIN
.
,
.
,
.
7) (Settlement) 4 2003, (re-opening) 17.01.2003.
8)
, 0,15% ... 0,04%.

2003,
,
'
.

.
, 1 2003

. 2/25096/0023
(4)
9.5.2003, (re-opening)

05.02.2003, , ,
5 , 18.04.2008.

:
1. 31 32 .1914/90 "
, "( 178/17.12.1990).
2. 1 .2187/94 "
" ( 16/8.2.1994).
3. 5 12
.2198/1994 "
,
( )" ( 43/22.3.1994).
4. 90 91 . 2362/1995
" ,
..."( 247 /27.11.1995)
5. 11 .2459/1997 " "
( 17'/18.2.1997),
9 .2579/98.
6. T 15 . 2628/1998 "
(....) " ( 151 /6.7.1998).
31 . 2682/1999
( 16 /1999).
7. .2842/27-9-2000 "
() 1103/97, 974/98 2866/98 ,
". (
207//27-9-2000).
8. 37 . 3130/28-3-2003
( 76/) " ..."
9. 2021180/2981/0023/31.3.1997
" , ... ( 286//10.4.1997)".
10. 2/4627/0023/25.1.2001
" ,
, ".
11. 2/5000/0023/29.01.2003 & " 05.02.2003
, ,
, 5 ,
18.04.2008"
12. 1100383/1330/0006/31-10-2001 ( 1485//
31-10-2001)
"
21781
. 1550
17 2003
14
.3016/2002

. 2470/97 ...............................................................
14 .
3016/2002
.
. 2470/97..........

, ..., ... .......

, , ~ ........
20 .. 22
2022
17.10.2003 ...................................................
' , 2003 ..........................
2003 ...........................
5
6
7
/
////
--
. 2/50765/0022
(1)
14
.3016/2002
. 2470/97.
OI
- ,

:
1. .1558/85 .
2. .. 397/88 .
.
3. .. 27/96 , .
4. 21386/16.7.2003
.
5. . 2470/97 .
6. ..1470/38 , .
7. 14 . 3016/2000 ( 110/)
,
.
8. .. 489/87
.
9. 15334/9.10.2002 14809/26.8.2003
...
10. 39/26.9.2002 ..
...
11. 15172/4.10.2002
. ...
12. 1065956/863/0006/15.7.2003 .
13. 1 . 3029/02
1.1.2003
.
14. 2/41890/0022/30.7.2002
, ,
,
( 1266/) 14 .3016/02
,
20.8.2001

,
15. 2/70676/0022/27.12.2002
, , (
1621/) 14 .
( )

,

,
,

,
.
5.
, , ,
(...).
6.
, 6
, .
7.
.
8.

7 .

.
, 14 2003

. 2/56444/0023
(5)
20 .. 22
2022
17.10.2003.

:
1. 31 32 . 1914/90

,
( 178/17.12.1990).
2. 1 . 2187/94
( 16/8.2.1994).
3. 5 12 .
2198/1994
,
( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 , ...( 247 /27.11.1995).
5. 11 . 2459/1997
( 17'/18.2.1997),
21785
9 . 2579/98( 31/1998) ...

6. T 15 . 2628/1998(
151 /6.7.1998)
(....) ,
31 . 2682/1999 ( 16
/1999)
...
7. . 2842/27.9.2000( 207//
27.9.2000)
() 1103/97, 974/98
2866/98 , .
8. 37 . 3130/28-3-2003
( 76//2003)
...
9. 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
10. 2/4627/0023/25.1.2001
,
, .
11. 2/22303/0023/17.4.2002 24.4.2002 , , , 22.10.2022
12. 1065956/863/0006/15.7.2003 ( 985//
16.7.2003)
.
13. 1207/10.10.2003 ...., :
17.10.2003, (reopening) 24.4.2003, , ,
20 , 22.10.2022.

1) , ,
, , (20) ,
24.04.2003 22.10.2022.
2) , , ,
(...), .
3) 1.000 ,
110,617% ,
14 2003,
.
4) .
5)
5,90%
.
6) .

.
1.000,
21786
( )
365 366
{actual/actual(ISMA)} .
. 17.10.2003
(re-opening)
2 , 22.10.2002
17.10.2003 365 .
.
, ( 1.000) ,
5,90%
360/365 22.10.2002
17.10.2003 5,8191780%.
58,19.
7)
.

,
, . ,

T.A.R.G.E.T.
8)
.
.
9)

.
~
1)
- .., , , ,
, .

13 2003 15 2003.
2) :
... ,
... ,
...,
...,
, .
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
, ,
.
4) , ,
. -

... .
5) (ISIN B+C)
,
, .
6)
, , ISIN C
.
,
,
,
.
7) (Settlement) 17 2003,
(re-opening) 24.4.2003.
8)
, 0,15% ... 0,04%.

2003
, ' .

.
, 14 2003

. 8041/6/54-
(6)
' ,
2003.

-
:
1. . 20 . 1481/1984 .
. 29 . 1558/1985 , 8 7 . 1943/1991
. .
. . 2 29 . 1558/1985 27 . 2081/1992
1 . 2 . . 2469/1997.
. 21 . 2, 22 . 3, 112
. 1 113 . 2362/1995 , .
23695
. 1724
21 2003
10 21.11.2003
20.5.2013................................................................. 1
, ................................ 2
/
////
--
. 2/64105/0023
(1)
10 21.11.2003
20.5.2013.

:
1. 31 32 N. 1914/90

,
( 178/17.12.1990).
2. 1 N. 2187/94
( 16/8.2.1994).
3. 5 12 N.
2198/1994
,
( ) ( 43/22.3.1994).
4. 64, 90 91 N.
2362/1995 , ...( 247 /27.11.1995).
5. 11 . 2459/1997
( 17~/18.2.1997),
9 . 2579/98.
6. 15 N. 2628/1998
(....) ( 151 A/6.7.1998),
31 N. 2682/1999
( 16 /1999).
7. N. 2842/27.9.2000
() 1103/97, 974/98 2866/98 ,
(
207//27.9.2000).
8. 37 N. 3130/28.3.2003
( 76//2003)
....
9. 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
10. 2/4627/0023/25.1.2001
,
, .
11. 2/1311/0023/13.01.2003 17.1.2003
, ,
, 10 ,
20.5.2013.
12. 1065956/863/0006/15.7.2003 ( 985//
16.7.2003)
.
13. 1364/14.11.2003 ...., :
21.11.2003, (reopening) 17.1.2003, , ,
10 , 20.5.2013.

1) , ,
, , (10) ,
17.1.2003 20.5.2013.
2) , , ,
(...), .
3) 1.000 ,
101,384% ,
23696
( )
18 2003,
.
4) .
5)
4,60%
.
6) .

.
1.000,
365 366
. 21.11.2003
(re-opening)
2 ,
17.1.2003 20.11.2003.
.
, ( 1.000) ,
4,60%
123/365 ( 17.1.2003
19.5.2003) 185/366 (
20.5.2003 20.11.2003)
3,8752740%. 38,75.
7)
.

,
, . ,

T.A.R.G.E.T.
8)
.
.
9)

.
~
1)
- .., , , ,
, .

17 2003 19 2003.
2) :
... ,
... ,
...,
...,
, .
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
, ,
.
4)
, ,
.
... .
5) ISIN ,
, .
6)
, , ISIN
.
,
.
, .
7) (Settlement) 21 2003, (re-opening) 17.1.2003.
8)
, 0,15% ... 0,04%.

2003,
,

.

.
, 18 2003

. 3
(2)
,
.

:
1. 5, 14 . 9 15 .
2. 4 . 6 . 2863/2000

( 262/29.11.2000),
19 . 1 . 3051/2002
,

( ~ 220/20.9.2002).
7729

. 572
13 2004

... ... ,
, , ,

...............
10 13.4.2004
20.5.2014..................................
. .........................................................................
2004
....................
..........................................
1
2
3
4
5
/
////
--
. 1030533/238/0006
(1)

... ... , ,
, ,
.

:
1. :
) 32 . 1828/1989
( 2).
) 29 . 1558/1985
( 137),
27 . 2081/1992 , .
1712/1987
, ( 154) 1 . 2 . 2469/1997
( 38).
) 14650/85/17.3.2004

( 519).
2. To 3588/15.3.2004 ,
... ,
,
... , , , .
3. , ,
, :
1. , 1.6.2004 ... .
2.
.
, 8 2004

. 2/18732/0023
(2)
10 13.4.2004 20.5.2014.

:
1. 31 32 . 1914/90

,
( 178/17.12.1990).
2. 1 . 2187/94
( 16/8.2.1994).
3. 5 12
.2198/1994
,
-
7730
( )
( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 , ... ( 247 /27.11.1995).
5. 11 . 2459/1997
( 17/18.2.1997),
9 . 2579/98.
6. T 1 11 15 .
2628/1998 (....) ( 151 /
6.7.1998) 31 .
2682/1999 ( 16 /1999).
7. . 2842/27.9.2000
() 1103/97, 974/98 2866/98 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76//2003)
....
9. 2021180/2981/0023/31.3.1997
, ... ( 286//10.4.1997).
10. 2/4627/0023/25.1.2001
,
, .
11. 2/361/0023/8.1.2004
13.1.2004 , , , 10 , 20.5.2014.
12. 14650/ 85/17.3.2004 ( 519//
17.3.2004)
.
13. 2.4.2004 ...., :
13.4.2004, (re-opening) (13.1.2004) , , ,
10 , 20.5.2014.

1. , ,
, , (10) ,
13.1.2004 20.5.2014.
2. , , ,
(...), .
3. 1.000 ,
101,661% ,
6 2004,
.
4. .
5.
4,50%
.
6. )

.
6 1.000, 365 366 {actual/actual(ISMA)} .
) 13.4.2004
(re-opening)
2 , 13.1.2004 13.4.2004.
)
, (6 1.000) ,
4,50% 91/366
1,1188520%.
6 11,19.
7.
.

,
, . ,

T.A.R.G.E.T.
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. 2081/1992 ( 154/./10.9.1992) 1 . 2 . 2469/1997 (
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.
OFFERING CIRCULAR

Euro 1,000,000,000
5.20 per cent. Bonds due 2034
Issue Price: 100.376
The Euro 1,000,000,000 5.20 per cent. Bonds due 2034 (the Bonds) of The Hellenic
Republic (the Republic) will bear interest from, and including, 30 April 2004 at the rate of
5.20 per cent. per annum payable annually in arrear on 17 July of each year. The first
payment of interest will be paid on 17 July 2005 in respect of the period from, and including,
30 April 2004 to, but excluding, 17 July 2005 (long first coupon). Payments of interest in
respect of the Bonds will be made without deduction for or on account of Greek taxes, as
described, and subject to the exceptions set out, under Terms and Conditions of the Bonds Taxation.
The Bonds will mature on 17 July 2034.
Application has been made to list the Bonds on the Luxembourg Stock Exchange.
The Bonds will be represented initially by a temporary global Bond (the Temporary Global
Bond), without interest coupons or talons, which is expected to be deposited with a common
Luxembourg) for credit on or about 30 April 2004 (the Closing Date) to the accounts of
such clearance systems. The Temporary Global Bond will be exchangeable for a permanent
global Bond (the Permanent Global Bond), without interest coupons or talons, to be held
by the Common Depositary, not earlier than 10 June 2004 upon certification as to non-U.S.
beneficial ownership. Save in the certain limited circumstances described herein, Bonds in
definitive form will not be issued in exchange for the Permanent Global Bond.
Deutsche Bank
The date of this Offering Circular is 29 April 2004
Page 1
contained in this Offering Circular with regard to the Republic and the Bonds is in every
Bonds.
Deutsche Bank AG (the Manager) has not separately verified the information contained
herein. Accordingly, no representation, warranty or undertaking, express or implied, is made
and no responsibility or liability is accepted by the Manager as to the accuracy or
completeness of the information contained in this Offering Circular or any other information
provided by the Republic in connection with the Bonds or their distribution.
information supplied by or on behalf of the Republic in connection with the Bonds and, if
Bonds (i) is intended to provide the basis of any credit or other evaluation or (ii) should be
any recipient of this Offering Circular should purchase any Bonds. Each investor
contemplating purchasing any Bonds should make its own independent investigation of the
or that any other information supplied in connection with the issue of the Bonds is correct as
The distribution of this Offering Circular and the offer or sale of Bonds may be restricted by
document may be lawfully distributed or that the Bonds may be lawfully offered, in
Republic or the Manager which would permit a public offering of the Bonds or distribution of
Bonds may not be offered or sold, directly or indirectly, and neither this Offering Circular
nor any advertisement or other offering material may be distributed or published, in any
laws and regulations. Persons into whose possession this Offering Circular or any Bonds
are restrictions on the distribution of this Offering Circular and the offer or sale of Bonds in
Page 2
TABLE OF CONTENTS
Page
Terms and Conditions of the Bonds .....................................................................................4
Summary of Provisions Relating to the Bonds while in Global Form ................................14
Use of Proceeds.................................................................................................................16
Greek Taxation..................................................................................................................16
In connection with the issue and distribution of the Bonds, Deutsche Bank AG may
over-allot or effect transactions with a view to supporting the market price of the Bonds
at a level higher than that which might otherwise prevail for a limited period. However,
there may be no obligation on Deutsche Bank AG or any agent of it to do this. Such
stabilising, if commenced, may be discontinued at any time and must be brought to an
end after a limited period. Such stabilisation shall be in accordance with all applicable
laws and regulations, including Greek law.
Page 3
TERMS AND CONDITIONS OF THE BONDS

amendment) the Bonds will be subject:
The Euro 1,000,000,000 5.20 per cent. Bonds due 2034 (the Bonds) are issued by The
Hellenic Republic (the Republic) pursuant to (a) article 1 of Law 2187/94 of the
Republic, as amended and supplemented by article 11 of Law 2628/98 of the Republic,
(b) Law 2198/94 of the Republic, and (c) Ministerial Decision No. 2/44514/0004 dated 16
June 1999 of the Minister of Finance. Payments in respect of the Bonds will be made
pursuant to an Agency Agreement (the Agency Agreement) dated 30 April 2004 and
made between the Republic and Deutsche Bank AG London as fiscal and principal paying
agent and agent bank (the Agent, which expression shall include any successor agent)
and Deutsche Bank Luxembourg S.A. as the other paying agent (together with the Agent
the Paying Agents, which expression shall include any successor paying agents).
The Bondholders and the Couponholders (each as defined below) are entitled to the
benefit of a Deed of Covenant (the Deed of Covenant) dated 29 April 2004 and made
by the Republic.
during normal business hours at the specified office of the Agent. The Bondholders and
the Couponholders are deemed to have notice of, and are entitled to the benefit of, all the
provisions of the Deed of Covenant and the Agency Agreement which are binding on
them.
Any reference herein to Bondholders shall mean the holders of the Bonds and any
below).
1.
The Bonds are in bearer form and in the denomination of Euro 1,000, Euro 10,000 and
Euro 100,000 (the Specified Denominations). The Bonds are issued with interest
coupons for the payment of interest (the Coupons) attached.
Subject as provided below, title to the Bonds and Coupons will pass by delivery. The
Republic and any Paying Agent may deem and treat the bearer of any Bond or Coupon as
purposes.
For as long as any of the Bonds are represented by a global Bond held on behalf of
amount of such Bonds (in which regard any certificate or other document issued by
Euroclear or Clearstream, Luxembourg as to the nominal amount of such Bonds standing to
Page 4
nominal amount of such Bonds for all purposes other than with respect to the payment of
principal or interest on the Bonds, for which purpose the bearer of the relevant global Bond
shall be treated by the Republic and any Paying Agent as the holder of such Bonds in
accordance with and subject to the terms of the relevant global Bond (and the expressions
Bondholder and holder of Bonds and related expressions shall be construed
accordingly). Bonds which are represented by a global Bond will be transferable only in
2.
STATUS OF THE BONDS AND NEGATIVE PLEDGE
The Bonds constitute direct, general, unconditional, unsubordinated and, subject to this
Condition, unsecured obligations of the Republic. The Bonds rank pari passu with all
other unsecured and unsubordinated obligations of the Republic outstanding on 30 April
and punctual payment of the Bonds and the performance of the obligations of the
Republic with respect thereto is backed by the full faith and credit of the Republic.
So long as any Bond remains outstanding, the Republic shall not create or permit to
properties or assets to secure any External Indebtedness, unless the Bonds shall also be
secured by such mortgage, pledge, lien or charge equally and rateably with such External
Indebtedness or by such other security as may be approved by an Extraordinary
Resolution of the Bondholders (as described in Condition 10).
External Indebtedness means existing or future indebtedness for borrowed money of the
Republic expressed or payable or optionally payable in a currency other than the lawful
currency of the Republic (including any guarantees given by the Republic for any existing or
future indebtedness for borrowed money of any other person which indebtedness is expressed
or payable or optionally payable in a currency other than the lawful currency of the Republic)
where such indebtedness is borrowed from or initially placed with a foreign institution or
person under a contract governed by the laws of a jurisdiction other than the Republic.
3.
INTEREST
The Bonds bear interest from and including 30 April 2004 at the rate of 5.20 per cent. per
annum, payable annually in arrear on 17 July in each year. The first payment of interest will
be made on 17 July 2005 in respect of the period from, and including, 30 April 2004 to, but
excluding, 17 July 2005 and will amount to Euro 63.08 for each Euro 1,000 Specified
Denomination, Euro 630.82 for each Euro Specified Denomination and Euro 6,308.20 for
each Euro 100,000 Specified Denomination. Each Bond will cease to bear interest from the
due date for redemption unless, upon due presentation, payment of principal is improperly
withheld or refused. In such event it shall continue to bear interest at such rate (both before
and after judgment) until whichever is the earlier of (a) the day on which all sums due in
respect of such Bond up to that day are received by or on behalf of the relevant holder, and
(b) the day seven days after the Agent has notified Bondholders of receipt of all sums due in
respect of all the Bonds up to that seventh day (except to the extent that there is a failure in
the subsequent payment to the relevant holders under these Conditions). If interest is required
to be calculated for a period of less than one year, it will be calculated on the basis of the
actual number of days elapsed divided by 365 (or, if any of the days elapsed fall in a leap
year, the sum of (A) the number of those days falling in a leap year divided by 366 and (B)
the number of those days falling in a non-leap year divided by 365).
Page 5
4.
(1)
Final Redemption
Unless previously redeemed or purchased and cancelled as provided below, the Bonds
will be redeemed at their principal amount on 17 July 2034 (the Maturity Date).
(2)
Purchases
The Republic may at any time purchase or otherwise acquire Bonds in the open market or
otherwise. Bonds purchased or otherwise acquired by the Republic may be held or resold
with (in the case of definitive Bonds) any unmatured Coupons attached thereto or
all holders of Bonds alike.
(3)
Cancellation
All Bonds redeemed, and all Bonds purchased or otherwise acquired as aforesaid and
definitive Bonds, with all unmatured Coupons presented therewith), and thereafter may
5.
PAYMENTS
of the Bonds will (subject as provided below) be made against presentation or surrender
of such Bonds or Coupons, as the case may be, at any specified office of any Paying
Agents outside the United States. If any Bonds are redeemed or become repayable in
accordance with these Conditions prior to the Maturity Date, principal will be payable on
surrender of each Bond. All payments of interest and principal with respect to Bonds will
be made outside the United States. Upon the due date for redemption of any Bond all
unmatured Coupons relating to such Bond (whether or not attached) shall become void
and no payment shall be made in respect of them.
If any date for payment of any amount in respect of any Bond or Coupon is not a Payment
sum in respect of any such delay, unless such following Payment Day falls in the next
calendar month, in which case payment will be on the first preceding day that is a
Payment Day in the relevant place. For these purposes, Payment Day means (subject
to Condition 8) any day which is both:
(i)
(ii)
a day on which the TARGET System is operating.
If the due date for redemption of any Bond is not an Interest Payment Date, interest
accrued in respect of such Bond from (and including) the last preceding Interest Payment
against surrender of such Bond.
Page 6
The name of the initial Agent and the other initial Paying Agent and their initial specified
offices are set out below. The Republic reserves the right at any time to vary or terminate
the appointment of any Paying Agent and to appoint additional or other Paying Agents
and/or to approve any change in the specified office of any Paying Agent, provided that it
will, so long as any of the Bonds is outstanding, maintain (i) an Agent and (ii) a Paying
Agent (which may be the Agent) having a specified office in a leading financial centre in
continental Europe which, so long as the Bonds are listed on the Luxembourg Stock
Exchange and the rules of such exchange so require, shall be Luxembourg. Any such
variation, termination or change shall only take effect (other than in the case of
insolvency, when it shall be of immediate effect) after not less than 30 days prior notice
thereof shall have been given to the Bondholders in accordance with Condition 11 and
provided further that neither the resignation nor removal of the Agent shall take effect,
except in the case of insolvency as aforesaid, until a new Agent has been appointed.
Furthermore, the Republic undertakes that any Paying Agent maintained shall have a
specified office in a Member State of the European Union that is not obliged to withhold
or deduct tax pursuant to the European Directive on the Taxation of Savings Income
unless such obligation is imposed by the same European Directive.
Payments in respect of the Bonds will be subject in all cases to any fiscal or other laws
and regulations applicable thereto in the place of payment or to any European Community
legal provision but without prejudice to the provisions of Condition 6.
6.
TAXATION
All payments of principal and/or interest in respect of the Bonds and Coupons will be
will result (after such deduction or withholding) in the receipt by the holders of the Bonds
in respect of any Bond or Coupon presented for payment:
(a)
by or on behalf of a holder who is subject to such Tax in respect of such Bond or

subdivision thereof) otherwise than merely by holding such Bond or Coupon or
(b)
(c)
(d)

and is required to be made pursuant to the European Union Directive on the Taxation
of Savings Income.
Page 7
The Relevant Date in relation to any Bond or Coupon means:

(i)
(ii)
having been so received, notice to that effect is duly given to the Bondholders in
Any reference in these Terms and Conditions to principal in respect of the Bonds shall be
principal.
Any reference in these Terms and Conditions to interest in respect of the Bonds shall be
interest.
7.
EVENTS OF DEFAULT

(a)
the Republic defaults in any payment of interest in respect of any of the Bonds or
(b)

provision set out in the Bonds and continues to be in default for 30 days after written
notice thereof shall have been given to the Republic by the holder of any Bond; or
(c)

U.S.$25,000,000 (or its equivalent), (i) such indebtedness is accelerated so that it
or
(d)

(e)
Bonds,
then the holders for the time being of at least 25 per cent. of the aggregate principal
amount of the outstanding Bonds may (i) give notice in writing to the Republic and to the
Agent in accordance with Condition 11 that such Bonds are immediately due and payable
at their principal amount together with accrued interest (if any) or (ii) decide at a meeting
that such Bonds are immediately due and payable, whereupon such Bonds shall become
immediately due and payable at their principal amount together with accrued interest (if
any) and/or (iii) decide at a meeting that, if the case may be, litigation be instituted.
Page 8
The holders of at least 66 2/3 per cent. of the aggregate principal amount of the Bonds (at
the time being outstanding) may rescind (i) such notice of acceleration (ii) such decision
to accelerate or (iii) such decision to institute litigation if the event or events of default
giving rise to the declaration or to the decisions have been cured or waived. Such
rescission shall be made by giving notice in writing to the Republic and to the Agent
whereupon such declaration or decision shall be rescinded and have no further effect. No
such rescission shall affect any other or any subsequent Event of Default or any right of
any Bondholder in relation thereto. Such rescission will be conclusive and binding on all
holders of the Bonds
8.
PRESCRIPTION
Claims for payment of principal in respect of the Bonds shall be prescribed upon the
expiry of ten years, and claims for payment of interest in respect of the Bonds shall be
9.
REPLACEMENT OF BONDS AND COUPONS
If any Bond or Coupon is lost, stolen, mutilated, defaced or destroyed, it may be replaced
Republic may reasonably require. Mutilated or defaced Bonds or Coupons must be
10.
MEETINGS OF BONDHOLDERS AND MODIFICATION
The Agency Agreement contains provisions for convening meetings of Bondholders to

consider matters affecting their interests, including modification by Extraordinary
Resolution of these Terms and Conditions or the provisions of the Agency Agreement.
Such a meeting may be convened by the Republic and shall be convened by the Republic
at any time upon the request in writing of the holder or holders of 10 per cent. or more in
principal amount of the Bonds for the time being outstanding. The quorum for any
meeting convened to consider an Extraordinary Resolution shall be one or more persons
holding or representing not less than 66 2/3 per cent. of the aggregate principal amount of
the Bonds for the time being outstanding, or 25 per cent. of the aggregate principal
amount of the Bonds for the time being outstanding at any adjourned meeting. However,
at any meeting, the business of which is to:
(i)
change the due date for the payment of the principal, premium (if any) or any
installment of interest on the Bonds;
(ii)
reduce or cancel the principal amount or redemption price or premium (if any) of the
Bonds;
(iii)
reduce the portion of the principal amount which is payable upon acceleration of the
maturity of the Bonds;
(iv)
reduce the interest rate on the Bonds or any premium payable upon redemption of the
Bonds;
(v)
change the currency in which interest, premium (if any) or principal will be paid or
the places at which interest, premium (if any) or principal of Bonds is payable;
Page 9
(vi)
shorten the period during which the Issuer is not permitted to redeem Bonds, or
permit the Republic to redeem Bonds if, prior to such action, the Republic is not
permitted to do so;
(vii)
reduce the proportion of the principal amount of the Bonds whose vote or consent is
necessary to modify, amend or supplement the Agency Agreement or the Terms and
Conditions of the Bonds;
(viii)
necessary to make, take or give any request, demand, authorisation, direction, notice,
consent, waiver or other action provided to be made in the Agency Agreement or the
Terms and Conditions of the Bonds;
(ix)
change the obligation of the Republic to pay additional amounts with respect to the
Bonds;
(x)
change this definition, the definition of outstanding contained in the Agency

Agreement or the definition of Written Resolution set out below;
(xi)
change the governing law provision of the Bonds;
(xii)
change the courts to the jurisdiction of which the Republic has submitted, its
obligation under the Agency Agreement or the Terms and Conditions of the Bonds to
appoint and maintain an agent for service of process or the waiver of immunity in
respect of actions or proceedings brought by any holder based upon a Bond;
(xiii)
appoint a committee to represent Bondholders after an event of default occurs;

(each a Reserved Matter)
the necessary quorum will be one or more persons holding or representing not less than 75 per
cent. of the aggregate principal amount of the Bonds for the time being outstanding or not less
than 50 per cent. of the aggregate principal amount of the Bonds for the time being
outstanding at any adjourned meeting.
Resolutions may be duly passed as an Extraordinary Resolution at any meeting of the
Bondholders or by Written Resolution and will be binding on all the Bondholders (whether or
not they are present at such meeting and whether or not may sign the Written Resolution) and
on all Couponholders.
An Extraordinary Resolution means a resolution passed at a meeting of the Bondholders
duly convened and held in accordance with the provisions above by or on behalf of the
holders of: (i) in the case of a Reserved Matter, at least 75 per cent. of the aggregate principal
amount of the Bonds for the time being outstanding or at least 50 per cent. at any adjourned
meeting of aggregate principal amount of the Bonds for the time being outstanding, or (ii) in
the case of a matter other than a Reserved Matter, at least 66 2/3 per cent. of the aggregate
principal amount of the Bonds for the time being outstanding or at least 25 per cent. at any
adjourned meeting of the aggregate principal amount of the Bonds for the time being
outstanding.
A Written Resolution means a resolution in writing signed by or on behalf of the holders
of: (i) in the case of a Reserved Matter, at least 75 per cent. of the aggregate principal amount
of the Bonds for the time being outstanding, or (ii) in the case of a matter other than a
Reserved Matter, at least 66 2/3 per cent. of the aggregate principal amount of the Bonds for
Page 10
the time being outstanding. Any Written Resolution may be contained in one document or
several documents in the same form, each signed by or on behalf of one or more Bondholders.
The Republic and the Agent may, without the vote or consent of any holder of the Bonds,
amend the Agency Agreement or the Bonds (Non-Material Amendments) for the purpose
of:
(i)
adding to Republics covenants for the benefit of the holders of the Bonds;
(ii)
surrendering any right or power conferred upon the Republic;
(iii)
securing the Bonds;
(iv)
curing any ambiguity or curing, correcting or supplementing any defective

provision in the Bonds or the Agency Agreement; or
(v)
amending the Agency Agreement or any of the Bonds in any manner which the
Republic and the Agent may determine and which is not inconsistent with the
Bonds and does not adversely affect the interest of any holder of the Bonds;
(vi)
correcting at its opinion a manifest error of a formal, minor or technical nature or;
(vii)
complying with mandatory provisions of law or any other modification provided

that such modification is not in the opinion of the Agent materially prejudicial to
the interests of the Holders.
Any such modification, waiver or authorisation shall be binding on the Bondholders and
any such modification unless the Agent otherwise requires, shall be notified by the Agent
to the Bondholders as soon as practicable thereafter.
For the purposes of (i) ascertaining the right to attend and vote at any meeting of
Bondholders, (ii) Condition 10 (Meetings of Bondholders and Modification) of the Offering
Circular and Schedule 3 of the Agency Agreement (Provisions for Meetings of Bondholders)
and (iii) Condition 7 (Events of Default) and for purposes of determining whether the
required percentage of holders of the Bonds are present at a meeting for quorum purposes, or
has consented to or voted in favour of any request, demand, authorisation, direction, notice,
consent, waiver, amendment, modification or supplement to the Bonds or the Agency
Agreement, or whether the required percentage of holders has delivered a notice of
acceleration of the Bonds, any Bonds that the Issuer owns or controls directly or indirectly
will be disregarded and deemed not to be outstanding. For this purpose, Bonds owned,
directly or indirectly, by the Bank of Greece or any of the Republics local authorities and
other local authorities entities will not be regarded as, or deemed to be, owned or controlled,
directly or indirectly by the Republic.
Control means the power, directly or indirectly, through the ownership of voting securities
or other ownership interests or otherwise, to direct the management of or elect or appoint a
majority of the board of directors or other persons performing similar functions in lieu of, or
in addition to, the board of directors of a corporation, trust, financial institution or other
entity.
Before any request is made or notice is delivered or Written Resolution is signed by any
Bondholder in accordance with the provisions of this Condition 10 or Condition 7, the
relevant Bondholder must deposit its Bonds with any Paying Agent and obtain two copies of
an acknowledgment of receipt (an Acknowledgment) signed and dated by the relevant
Page 11
Paying Agent and certifying the nominal amount of Bonds so deposited. Any request so
made, notice so given or Written Resolution so signed by any Bondholder must be
accompanied by an Acknowledgment issued to the Bondholder. Bonds so deposited will not
be released until the earlier of (i) the thirtieth day after the date of deposit and (ii) the request,
notice or Written Resolution becoming effective in accordance with these Terms and
Conditions and will only be released against surrender of a relevant Acknowledgment.
11.
NOTICES
(A)
All notices to the Bondholders will be valid if published, so long as the Bonds are
Luxemburger Tageblatt or any other daily newspaper of general circulation in Luxembourg.
Such notice shall be deemed to have been given on the date of such publication in the relevant
notice of the contents of any notice given to the Bondholders in accordance with this
Condition 11. Notices to the Republic to be given by any holder of the Bonds shall be in
writing and given by lodging the same, together with the relative Bond or Bonds, with the
Agent. A copy of any notice under Condition 7 must, to be valid, also be delivered to
Ministry of Finance, General Accounting Office, Public Debt Directorate at the following
address:
Ministry of Finance
Public Debt Directorate
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
Bondholders or Couponholders. The Agency Agreement contains provisions for the
indemnification of the Paying Agents and for relief from responsibility in certain
without being liable to account to the Bondholders or the Couponholders for any resulting
profit.
13.
FURTHER ISSUES
The Republic shall be at liberty from time to time without the consent of the Bondholders
or Couponholders to create and issue further Bonds having terms and conditions the same
as the Bonds or the same in all respects save for the amount and date of the first payment
and increase the aggregate principal amount of the outstanding Bonds.
14.
The Agency Agreement, the Bonds and the Coupons are governed by, and shall be construed
in accordance with, English law.
Page 12
Bondholders and the Couponholders, that the courts of England are to have jurisdiction to
Bonds and/or the Coupons and that accordingly any suit, action or proceedings arising out of
or in connection with the Agency Agreement, the Bonds and the Coupons (together referred
to as Proceedings) may be brought in such courts.
permitted by law.
Agreement, the Bonds and/or the Coupons any right to claim immunity from jurisdiction or
15.
1999 to enforce any term of this Bond, but this does not affect any right or remedy of any
Page 13
SUMMARY OF PROVISIONS RELATING TO THE BONDS WHILE IN GLOBAL

FORM
The Temporary Global Bond and Permanent Global Bond contain provisions which apply
to the Bonds while they are in global form, some of which modify the effect of the terms
and conditions of the Bonds set out in this document. The following is a summary of
1.
EXCHANGE FOR DEFINITIVE BONDS
(i)
The Temporary Global Bond will be exchangeable, in whole or in part, for the
Permanent Global Bond not earlier than 40 days after the Closing Date upon
(ii)
The Permanent Global Bond is exchangeable in whole but not, in part, for definitive
bearer Bonds only if (a) Euroclear and Clearstream, Luxembourg are closed for
business for a continuous period of 14 days (other than by reason of legal holidays) or
have announced an intention permanently to cease business and no alternative
clearance system satisfactory to the Agent is available; or (b) the Republic or any
person acting on its behalf is obliged to pay additional amounts as provided for or
referred to in Condition 6 which would not be required were the Bonds in definitive
bearer form; or (c) an Event of Default (as defined in Condition 7) has occurred and
is continuing.
If principal in respect of any Bonds is not paid when due and payable the holder of the
Permanent Global Bond may by notice to the Agent (which may but need not be the
amount of the Permanent Global Bond (which may be equal to or (provided that, if the
Permanent Global Bond is held by or on behalf of a clearing system, that clearing system
agrees) less than the outstanding principal amount of Bonds represented thereby) for
definitive Bonds on or after the exchange date specified in such notice.
On or after any exchange into definitive Bonds the holder of the Permanent Global Bond
may surrender the Permanent Global Bond or, in the case of a partial exchange, present it
for endorsement to or to the order of the Agent. In exchange for the Permanent Global Bond,
equal aggregate principal amount of duly executed and authenticated definitive Bonds in
been paid on the Permanent Global Bond), security printed in accordance with any applicable
Global Bond, the Republic will, if the holder so requests, procure that it is cancelled and
returned to the holder together with any relevant definitive Bonds.
2.
PAYMENTS
No payment will be made on the Temporary Global Bond unless exchange for an interest
in the Permanent Global Bond is improperly withheld or refused provided that, in the case
Global Bond, a certificate of non-U.S. beneficial ownership has been properly provided.
Payments of principal and interest in respect of Bonds represented by the Permanent
Global Bond will be made against presentation for endorsement and, if no further
payment falls to be made in respect of the Bonds, surrender of the Permanent Global
Page 14
Bond to or to the order of the Agent or such other Paying Agent as shall have been
notified to the Bondholders for such purpose. A record of each payment so made will be
endorsed on the appropriate schedule to the Permanent Global Bond, which endorsement
will be prima facie evidence that such payment has been made in respect of the Bonds.
3.
NOTICES
Notices shall be given as provided in Condition 11, save that so long as the Bonds are
represented by the Temporary Global Bond or Permanent Global Bond and the
Temporary Global Bond or Permanent Global Bond is held on behalf of a clearing
system, in addition to publication as required by Condition 11, notice may be given by
delivery of the relevant notice to that clearing system for communication by it to entitled
accountholders.
4.
Cancellation of any Bond to be cancelled following its purchase by the Republic will be
effected by reduction in the principal amount of the Permanent Global Bond.
5.
DEFAULT
The global Bonds provide that the holder may cause the global Bond or a portion of it to
notice to the Republic the principal amount of Bonds which is being declared due and
payable.
Page 15
USE OF PROCEEDS
The net proceeds from the issue of Bonds, which are estimated to be approximately Euro
1,001,660,000, will be used by the Republic for its general funding purposes.
GREEK TAXATION
laws currently in force in Greece. Bondholders who are in doubt as to their personal
Bonds may be made free and clear of, and without deduction or withholding for or on
account of any Greek taxes provided that the holder of the relevant Bond or, as the case
Republic or otherwise than merely by holding such Bond or Coupon.
No additional amount shall be payable in respect of any Bond presented to or for payment
required to be made pursuant to the European Union Directive on the Taxation of Savings
Income.
Holders of the Bonds, regardless of whether they are residents or not for tax purposes in
the sale or redemption of their Bonds or Coupons.
transfer of any of the Bonds or Coupons.
Page 16

Deutsche Bank AG (the Manager) has, pursuant to a Subscription Agreement dated
29 April 2004 (the Subscription Agreement), agreed with the Republic to subscribe
and pay for the Bonds at the issue price of 100.376 per cent. of the principal amount of
the Bonds. The Republic has agreed to pay the Manager a commission in an amount as
agreed between the Manager and the Republic.
The Bonds have not been and will not be registered under the U.S. Securities Act of 1933
exceptions, Bonds may not be offered, sold or delivered within the United States or to
U.S. persons. The Manager has agreed that it will not offer, sell or deliver any Bonds
Agreement.
Bonds within the United States by any dealer (whether or not participating in the
offering) may violate the registration requirements of the Securities Act.
by it in relation to the Bonds in, from or otherwise involving the United Kingdom.
GENERAL INFORMATION
1.
The issue of the Bonds has been duly authorised pursuant to (a) article 1 of Law
2187/94 of the Republic, as amended and supplemented by Article 11 of Law
2628/98 of the Republic, (b) Law 2198/94 of the Republic and (c) Ministerial
Decision No. 2/44514/0004 dated 16 June 1999 of the Minister of Finance.
2.
Application has been made to list the Bonds on the Luxembourg Stock Exchange. As
long as the Bonds are listed on the Luxembourg Stock Exchange, the Republic will
3.
The Bonds have been accepted for clearance through Euroclear and Clearstream,
Luxembourg with a Common Code of 019135284. The ISIN code for the Bonds is
XS0191352847 .
4.
Copies of the Agency Agreement, incorporating the respective forms of the global
Bonds and the definitive Bonds, and the Deed of Covenant, may be inspected on any
business day (Saturdays and public holidays excepted) at the specified offices of the
Paying Agents.
5.
The Bonds and Coupons will contain the following legend Any United States person
Page 17
THE ISSUER
Ministry of Finance
8 Omirou Street
10564 Athens
THE MANAGER
Deutsche Bank AG
Grosse Gallusstrasse 10-14
D-60272 Frankfurt am Main
FISCAL AGENT
PAYING AGENT
AND LISTING AGENT

Winchester House
London EC2N 2DB

1115 Luxembourg
LEGAL ADVISERS
Vassilios Contolaimos
Ministry of Finance
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
GR-105 56 Athens
Page 18
OFFERING CIRCULAR

Euro 1,000,000,000
Floating Rate Notes due 2034
The Euro 1,000,000,000 Floating Rate Notes due 2034 (the Notes) of The Hellenic
Republic (the Republic) will bear interest from, and including, 10 May 2004 at a floating
rate of interest payable semi-annually in arrear on each Interest Payment Date (see Terms
and Conditions of the Notes Interest). Payments of interest in respect of the Notes will be
made without deduction for or on account of Greek taxes, as described, and subject to the
exceptions set out, under Terms and Conditions of the Notes - Taxation.
The Notes will mature on the Interest Payment Date falling in May 2034.
Application has been made to list the Notes on the Luxembourg Stock Exchange.
Luxembourg) for credit on or about 10 May 2004 (the Closing Date) to the accounts of
such clearance systems. The Temporary Global Note will be exchangeable for a permanent
global note (the Permanent Global Note), without interest coupons or talons, to be held by
the Common Depositary, not earlier than 19 June 2004 upon certification as to non-U.S.
CITIGROUP
The date of this Offering Circular is 7 May 2004
Notes.
Citigroup Global Markets Limited (the Manager) has not separately verified the
information contained herein. Accordingly, no representation, warranty or undertaking,
express or implied, is made and no responsibility or liability is accepted by the Manager as to
the accuracy or completeness of the information contained in this Offering Circular or any
other information provided by the Republic in connection with the Notes or their distribution.
Republic or the Manager which would permit a public offering of the Notes or distribution of
Page 2
TABLE OF CONTENTS
Page
Use of Proceeds.................................................................................................................18
Greek Taxation..................................................................................................................18
In connection with the issue and distribution of the Notes, Citigroup Global Markets
Limited may over-allot or effect transactions with a view to supporting the market price
of the Notes at a level higher than that which might otherwise prevail for a limited
period. However, there may be no obligation on Citigroup Global Markets Limited or
any agent of it to do this. Such stabilising, if commenced, may be discontinued at any
time and must be brought to an end after a limited period. Such stabilisation shall be in
accordance with all applicable laws and regulations, including Greek law.
Page 3

The Euro 1,000,000,000 Floating Rate Notes due 2034 (the Notes) are issued by The
Hellenic Republic (the Republic) pursuant to (a) article 1 of Law 2187/94 of the
Republic, as amended and supplemented by article 11 of Law 2628/98 of the Republic,
(b) Law 2198/94 of the Republic, and (c) Ministerial Decision No. 2/44514/0004 dated
16th June 1999 of the Minister of Finance. Payments in respect of the Notes will be made
pursuant to an Agency Agreement (the Agency Agreement) dated 7 May 2004 and
made between the Republic and Citibank, N.A. as fiscal and principal paying agent and
agent bank (the Agent, which expression shall include any successor agent) and
Banque Gnrale du Luxembourg S.A. as the other paying agent (together with the Agent
the Paying Agents, which expression shall include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 7 May 2004 and made by
the Republic.
during normal business hours at the specified office of the Agent. The Noteholders and
them.
below).
1.
The Notes are in bearer form and in the denomination of Euro 1,000 (the Specified
Denomination). The Notes are issued with interest coupons for the payment of interest
(the Coupons) attached.
Republic and any Paying Agent may deem and treat the bearer of any Note or Coupon as
purposes.
Page 4
2.
other unsecured and unsubordinated obligations of the Republic outstanding on 10 May
properties or assets to secure any External Indebtedness, unless the Notes shall also be
Resolution of the Noteholders (as described in Condition 10).
External Indebtedness means existing or future indebtedness for borrowed money of
the Republic (i) expressed or payable or optionally payable in a currency other than the
lawful currency of the Republic (including any guarantees given by the Republic for any
existing or future indebtedness for borrowed money of any other person which
indebtedness is expressed or payable or optionally payable in a currency other than the
lawful currency of the Republic) or (ii) borrowed from or initially placed with a foreign
institution or person under a contract governed by the laws of a jurisdiction other than the
Republic (including any guarantees given by the Republic for any existing or future
indebtedness for borrowed money of any other person which is borrowed from or initially
placed with a foreign institution or person under a contract governed by the laws of a
jurisdiction other than the Republic).
3.
INTEREST
(1)
Interest Rate and Interest Payment Dates
The Notes bear interest from and including 10 May 2004 (the Interest Commencement
Date) and interest will be payable semi-annually in arrear on 10 November and 10 May
in each year (each an Interest Payment Date). The first Interest Payment Date will fall
in November 2004. If any Interest Payment Date would otherwise fall on a day which is
not a Business Day it shall be postponed to the next day which is a Business Day.
Interest will be payable in respect of each Interest Period (which expression shall mean
the period from and including the Interest Commencement Date to but excluding the first
Interest Payment Date and each successive period from and including an Interest Payment
Date to but excluding the next succeeding Interest Payment Date).
Page 5
(2)
Interest Accrual
Each Note will cease to bear interest from and including its due date for redemption
unless, upon due presentation, payment of the principal in respect of the Note is
improperly withheld or refused or unless default is otherwise made in respect of payment.
In such event, interest will continue to accrue until whichever is the earlier of:
(a)
the date on which all amounts due in respect of such Note have been paid; and
(b)
five days after the date on which the full amount of the moneys payable in respect of
such Notes has been received by the Agent and notice to that effect has been given to
the Noteholders in accordance with Condition 11.
(3)
Rate of Interest
The rate of interest payable from time to time in respect of the Notes (the Rate of
Interest) will be determined on the basis of the following provisions:
(a)
On each Interest Determination Date, (as defined below) the Agent or its duly
appointed successor (in such capacity, the Agent Bank) will determine the Screen
Rate (as defined below) at approximately 11.00 a.m. (CET) on the Interest
Determination Date in question. If the Screen Rate is unavailable, the Agent Bank
will request the principal Euro-zone office of each of the Reference Banks (as defined
below) to provide the Agent Bank with the rate at which deposits in euros are offered
by it to prime banks in the Euro-zone interbank market for six months at
approximately 11.00 a.m. (CET) on the Interest Determination Date in question.
(b)
The Rate of Interest for the Interest Period shall be the Screen Rate plus 0.20 per cent.
or, if the Screen Rate is unavailable, and at least two of the Reference Banks provide
such rates, the arithmetic mean (rounded if necessary to the fifth decimal place, with
0.000005 being rounded upwards) as established by the Agent Bank of such rates,
plus 0.20 per cent.
(c)
If fewer than two rates are provided as requested, the Rate of Interest for that Interest
Period will be the arithmetic mean of the rates quoted by major banks in London,
selected by the Agent Bank, at approximately 11.00 a.m. (CET), on the first day of
such Interest Period for loans in euros to leading banks for a period of six months
commencing on the first day of such Interest Period plus 0.20 per cent. If the Rate of
Interest cannot be determined in accordance with the above provisions, the Rate of
Interest shall be as determined on the last preceding Interest Determination Date.
(d)
In these Terms and Conditions (except where otherwise defined), the expression:
(i) Business Day means any day which is a day on which the Trans-European
Automated Real-Time Gross Settlement Express Transfer (TARGET)
System is open;
(ii) Euro-zone means the countries of the European Union which from time to
time have adopted the Euro currency;
(iii) Interest Determination Date means the date which is two Business Days
prior to the first day of the Interest Period for which the rate will apply;
Page 6
(iv) Reference Banks means each of the banks whose offered rates would have
been used for the purposes of the Screen Rate or, failing which, the principal
Euro-zone office of each of four major banks engaged in the Euro-zone
interbank market selected by the Agent Bank provided that once a Reference
Bank has first been selected by the Agent Bank, that Reference Bank shall
not be changed unless and until it ceases to be capable of acting as such; and
(v) Screen Rate means the rate for deposits in euros for six months which
appears on the Moneyline Telerate page 248 (or such replacement page on
that service which displays the information).
(4)
Determination of Rate of Interest and Interest Amounts
The Agent Bank shall, as soon as practicable after 11.00 a.m. (Brussels time) on each
Interest Determination Date, but in no event later than the third Business Day thereafter,
determine the euro amount payable in respect of interest on the Specified Denomination
(the Interest Amount) for the relevant Interest Period. Each Interest Amount shall be
determined by applying the Rate of Interest to the Specified Denomination, multiplying
the sum by the actual number of days in the Interest Period concerned divided by 360 and
rounding the resultant figure to the nearest cent (half a cent being rounded upwards).
(5)
Publication of Rate of Interest and Interest Amount
The Agent Bank shall cause the Rate of Interest and each Interest Amount for each
Interest Period and the relative Interest Payment Date to be notified to the Republic, the
Agent and to any stock exchange on which the Notes are at the relevant time listed and to
be published in accordance with Condition 11 as soon as possible after their
determination but in no event later than the second Business Day thereafter. The Interest
Amount and Interest Payment Date may subsequently be amended (or appropriate
alternative arrangements made by way of adjustment) without notice in the event of an
extension or shortening of the Interest Period.
(6)
Notifications, etc. to be Final
All notifications, opinions, determinations, certificates, calculations, quotations and

decisions given, expressed, made or obtained for the purposes of and in accordance with
the provisions of this Condition, whether by the Reference Banks (or any of them) or the
Agent Bank, will (in the absence of wilful default, bad faith or manifest error) be binding
on the Republic, the Paying Agents and all Noteholders and Couponholders and (in the
absence as referred to above) no liability to the Republic or the Noteholders or the
Couponholders shall attach to the Agent Bank in connection with the exercise or nonexercise by it of its powers, duties and discretions under this Condition.
(7)
Agent Bank
The Republic will procure that so long as any of the Notes remains outstanding there shall
at all times be an Agent Bank for the purposes of the Notes and the Republic may
terminate the appointment of the Agent Bank. In the event of the appointed office of any
bank being unable or unwilling to continue to act as the Agent Bank or failing duly to
determine the Rate of Interest and the Interest Amount for any Interest Period, the
Republic shall appoint the Euro-zone office of another major bank engaged in the Eurozone interbank market to act in its place. The Agent Bank may not resign its duties or be
removed without a successor having been appointed.
Page 7
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling in May 2034
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
such Notes or Coupons, as the case may be, at any specified office of any Paying Agents
outside the United States. Upon the due date for redemption of any Note all unmatured
Coupons relating to such Note (whether or not attached) shall become void and no
payment shall be made in respect of them.
sum in respect of any such delay. For these purposes, Payment Day means (subject to
Condition 8) any day which is both:
(i)
(ii)
Page 8
The name of the initial Agent and the other initial Paying Agent and their initial specified
the appointment of any Paying Agent and to appoint additional or other Paying Agents
will, so long as any of the Notes is outstanding, maintain (i) an Agent (which may be the
Agent Bank) (ii) a Paying Agent (which may be the Agent) having a specified office in a
leading financial centre in continental Europe which, so long as the Notes are listed on
the Luxembourg Stock Exchange and the rules of such exchange so require, shall be
Luxembourg and (iii) an Agent Bank. Any such variation, termination or change shall
only take effect (other than in the case of insolvency, when it shall be of immediate
effect) after not less than 30 days prior notice thereof shall have been given to the
Noteholders in accordance with Condition 11 and provided further that neither the
resignation nor removal of the Agent shall take effect, except in the case of insolvency as
aforesaid, until a new Agent has been appointed.
or deduct tax pursuant to European Directive on the Taxation of Savings Income unless
such obligation is imposed by the same European Directive.
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.
Page 9

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
amount of the outstanding Notes may (i) give notice in writing to the Republic and to the
Agent in accordance with Condition 11 that such Notes are immediately due and payable
that such Notes are immediately due and payable, whereupon such Notes shall become
Page 10
The holders of at least 66 2/3 per cent. of the aggregate principal amount of the Notes (at
any Noteholder in relation thereto. Such rescission will be conclusive and binding on all
holders of the Notes
8.
PRESCRIPTION
9.
10.
The Agency Agreement contains provisions for convening meetings of Noteholders to

principal amount of the Notes for the time being outstanding. The quorum for any
the Notes for the time being outstanding, or 25 per cent. of the aggregate principal
amount of the Notes for the time being outstanding at any adjourned meeting. However,
(i)
installment of interest on the Notes;
(ii)
Notes;
(iii)
maturity of the Notes;
(iv)
reduce the interest rate on the Notes or any premium payable upon redemption of the
Notes;
(v)
the places at which interest, premium (if any) or principal of Notes is payable;
Page 11
(vi)
shorten the period during which the Issuer is not permitted to redeem Notes, or permit
the Republic to redeem Notes if, prior to such action, the Republic is not permitted to
do so;
(vii)
reduce the proportion of the principal amount of the Notes whose vote or consent is
Conditions of the Notes;
(viii)
Terms and Conditions of the Notes;
(ix)
Notes;
(x)

(xi)
change the governing law provision of the Notes;
(xii)
obligation under the Agency Agreement or the Terms and Conditions of the Notes to
respect of actions or proceedings brought by any holder based upon a Note;
(xiii)
appoint a committee to represent Noteholders after an event of default occurs;

the necessary quorum will be one or more persons holding or representing not less than
75 per cent. of the aggregate principal amount of the Notes for the time being outstanding
or not less than 50 per cent. of the aggregate principal amount of the Notes for the time
being outstanding at any adjourned meeting.
Noteholders or by Written Resolution and will be binding on all the Noteholders (whether
or not they are present at such meeting and whether or not may sign the Written
Resolution) and on all Couponholders.
An Extraordinary Resolution means a resolution passed at a meeting of the Noteholders
amount of the Notes for the time being outstanding or at least 50 per cent. at any adjourned
meeting of aggregate principal amount of the Notes for the time being outstanding, or (ii) in
principal amount of the Notes for the time being outstanding or at least 25 per cent. at any
adjourned meeting of the aggregate principal amount of the Notes for the time being
outstanding.
of the Notes for the time being outstanding, or (ii) in the case of a matter other than a
Reserved Matter, at least 66 2/3 per cent. of the aggregate principal amount of the Notes for
Page 12
several documents in the same form, each signed by or on behalf of one or more Noteholders.
The Republic and the Agent may, without the vote or consent of any holder of the Notes,
amend the Agency Agreement or the Notes (Non-Material Amendments) for the purpose
of:
(i)
adding to Republics covenants for the benefit of the holders of the Notes;
(ii)
(iii)
securing the Notes;
(iv)

provision in the Notes or the Agency Agreement; or
(v)
amending the Agency Agreement or any of the Notes in any manner which the
Notes and does not adversely affect the interest of any holder of the Notes;
(vi)
correcting at its opinion a manifest error of a formal, minor or technical nature or;
(vii)

Any such modification, waiver or authorisation shall be binding on the Noteholders and
to the Noteholders as soon as practicable thereafter.
For the purposes of (i) ascertaining the right to attend and vote at any meeting of Noteholders,
(ii) Condition 10 (Meetings of Noteholders and Modification) of the Offering Circular and
Schedule 3 of the Agency Agreement (Provisions for Meetings of Noteholders) and
(iii) Condition 7 (Events of Default) and for purposes of determining whether the required
percentage of holders of the Notes are present at a meeting for quorum purposes, or has
consented to or voted in favour of any request, demand, authorisation, direction, notice,
consent, waiver, amendment, modification or supplement to the Notes or the Agency
acceleration of the Notes, any Notes that the Issuer owns or controls directly or indirectly will
be disregarded and deemed not to be outstanding. For this purpose, Notes owned, directly or
indirectly, by the Bank of Greece or any of the Republics local authorities and other local
authorities entities will not be regarded as, or deemed to be, owned or controlled, directly or
indirectly by the Republic.
entity.
Noteholder in accordance with the provisions of this Condition 10 or Condition 7, the
relevant Noteholder must deposit its Notes with any Paying Agent and obtain two copies of
an acknowledgment of receipt (an Acknowledgment) signed and dated by the relevant
Page 13
Paying Agent and certifying the nominal amount of Notes so deposited. Any request so
made, notice so given or Written Resolution so signed by any Noteholder must be
accompanied by an Acknowledgment issued to the Noteholder. Notes so deposited will not
be released until the earlier of (i) the thirtieth day after the date of deposit and (ii) the request,
notice or Written Resolution becoming effective in accordance with these Terms and
Conditions and will only be released against surrender of a relevant Acknowledgment.
11.
NOTICES
(A)
Luxembourg Wort or any other daily newspaper of general circulation in Luxembourg. Such
notice shall be deemed to have been given on the date of such publication in the relevant
notice of the contents of any notice given to the Noteholders in accordance with this
Condition 11.
(B)
of any notice under Condition 7 must, to be valid, also be delivered to Ministry of Finance,
General Accounting Office, Public Debt Directorate at the following address:
Ministry of Finance
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
Noteholders or Couponholders. The Agency Agreement contains provisions for the
indemnification of the Paying Agents and the Agent Bank and for relief from responsibility in
certain circumstances, and entitles any of them to enter into business transactions with the
Republic without being liable to account to the Noteholders or the Couponholders for any
resulting profit.
13.
FURTHER ISSUES
Page 14
14.
(A)
(B)
permitted by law.
15.
Page 15

FORM
1.
(i)
(ii)
The Permanent Global Note is exchangeable in whole but not, in part, for definitive
bearer Notes only if (a) Euroclear and Clearstream, Luxembourg are closed for
referred to in Condition 6 which would not be required were the Notes in definitive
is continuing.
2.
PAYMENTS
Page 16
the order of the Agent or such other Paying Agent as shall have been notified to the
Noteholders for such purpose. A record of each payment so made will be endorsed on the
appropriate schedule to the Permanent Global Note, which endorsement will be prima
facie evidence that such payment has been made in respect of the Notes.
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 17
USE OF PROCEEDS
The net proceeds from the issue of Notes, which are estimated to be approximately Euro
998,910,000, will be used by the Republic for its general funding purposes.
GREEK TAXATION
Income.
the sale or redemption of their Notes or Coupons.
transfer of any of the Notes or Coupons.
Page 18

Citigroup Global Markets Limited (the Manager) has, pursuant to a Subscription
Agreement dated 7 May 2004 (the Subscription Agreement), agreed with the Republic
to subscribe and pay for the Notes at the issue price of 100.00 per cent. of the principal
amount of the Notes. The Republic has agreed to pay the Manager a commission in an
amount as agreed between the Manager and the Republic.
U.S. persons. The Manager has agreed that it will not offer, sell or deliver any Notes
Agreement.
by it in relation to the Notes in, from or otherwise involving the United Kingdom.
GENERAL INFORMATION
1.
2187/94 of the Republic, as amended and supplemented by Article 11 of Law
2628/98 of the Republic, (b) Law 2198/94 of the Republic and (c) Ministerial
Decision No. 2/44514/0004 dated 16th June, 1999 of the Minister of Finance.
2.
long as the Notes are listed on the Luxembourg Stock Exchange, the Republic will
3.
Luxembourg with a Common Code of 019241661. The ISIN code for the Notes is
XS0192416617.
4.
Notes and the definitive Notes, and the Deed of Covenant, may be inspected on any
Paying Agents.
5.
Page 19
THE ISSUER
Ministry of Finance
8 Omirou Street
10564 Athens
THE MANAGER
Citigroup Global Markets Limited
Citigroup Centre
33 Canada Square
Canary Wharf
London E14 5LB
FISCAL AGENT,
PRINCIPAL PAYING AGENT,
AND AGENT BANK
Citibank, N.A.
5 Carmelite Street
London EC4Y 0PA
LISTING AGENT AND

PAYING AGENT
Banque Gnrale du Luxembourg S.A.
50 Avenue J.F. Kennedy
L-2951 Luxembourg
LEGAL ADVISERS
Ministry of Finance
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
GR-105 56 Athens
Page 20
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3. 1 . 2187/1994 ( 16)
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1994 ( 43/22.3.1994)
,

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5. 11 . 2459/1997 ... ( 17//97), o 9 .
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6. . .34/244/8.2.1999 ( 120/18.2.
1999) 2 3 .
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.
7. . 2021180/2981/0023/97

... .
8. . 7368/161 20.4.2004

2003.
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, 2003.
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(6 423.967.000).
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:
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1122/25.6.1999 (~ 1411), 7/732/12.6.2000 (~ 732)
7/1023/20.6.2001 (~ 796), 1/..10016/2002 (~ 1602),
1/..49851/2003 (~ 706) 1/..102313/2003 (~
1890)
IV
.... , ,
:

Emtriitabine
mtriva
CAPS 30 200 mg
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, 2 2004

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:
1) . 2 3 34 .
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-
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(...).
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3. . 2453/25.4.2001

579/./18.5.2001.
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579/./18.5.2001.
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27 . 2081/1992 ( 154) 1 . 2 . 2469/1997 (~ 38).
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:
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( ).
4. 11 . 2459/1997 " " (
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. 579/1998 ( 31~/17.2.1998),
37 . 3130/2003 ( 76//2003).
5. 90 91 . 2362/1995
( 247/27.11.1995) ,
.
6. 2021180/2981/0023/97

... .
7. 30 . 2843/2000
30 . 2992/2002
13 . 2732/1999.
8. 23.6.2004 ..., 30 . 2843/2000 - 2992/2002.
10. & . 2/5000/0023//29.1.2003 .
2/1311/0023/13.1.2003, .
11. . 14650/ 85/17.3.2004 ( 519//
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13 . 2732/1999
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,
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( Euro
3.087.307,41) .
24.6.2004
.
ISIN
5/2/2003 GR 0114015/408 5 147.000.000,00

17/1/2003 GR 1024021/552 10 144.224.000,00
:
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15 2004
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20 30 2004.............. 3
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16.7.2004, , (re-opening) , , ,
20.4.2009.

:
1. 31 32 .1914/1990
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3. 5 12 . 2198/1994
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5. T 15 . 2628/1998 (
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17.3.2004)
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12. . 2628/6.7.1998 " (....) " ( 151 /6.7.1998).
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( 137) 27 . 2081/1992 (A 154)
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.
2. 26 . 1 . 2362/1995
,
( -247).
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. 2469/1997 ( -38).
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2690/1999 ( 45 ).
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:
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( 48
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5. 22 35 . 2084/1992
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6. 11 . 2459/1997 (
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37 . 3130/2003 ( 76//2003).
7. 90 91 . 2362/1995
( 247 /27.11.1995) , .
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... .
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.
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2005 2014, ,
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(8)
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:
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.
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( ).
4. . . 317/1969 ( 211), 14 . 1512/1985.
5. 16 . 3297/2004 (
259/23.12.2004).
6. 11 . 2459/1997
( 17/18.2.1997),
9 . 2579/1998 ( 31/17.2.1998),
37 . 3130/2003 ( 76//
2003).
7. 90 91 . 2362/1995
( 247 /27.11.1995) ,
.
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11. . 2024387/2870/0022/5.4.1990 (
254 /9.4.1990) ,
9 24
25755
. 1884/1990 ( 81/1990), .
1016784/1299-25/0016/7.2.1997 ( 120 /26.2.1997)
, :
1.

6 383.740.000,00,
..
317/1969 ( 211),
14 . 1512/1985 16 . 3297/2004 ( 259//
23.12.2004).
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(zero coupon),
(6 383.740.000,00),
27.12.2004 .
zero coupon
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, 27.12.2004 27.12.2016.
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zero coupon 6 261.272.011,46.

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.

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,
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.
, 27 2004

. 1080561/6392/0016
(3)
.... (...).

:
1. . 4 106 .
2362/1995 ( 247 ) .
2. .. 356/1974 ().
3. . 2024387/2870/0022/5.4.1990
. 9 24 . 1884/1990 ( 81/1990).
4. . 14650/10 85 ( 519/./
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5. . 45/14.9.2004
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, 14 2004

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:
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(26 ).
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1953/1939
.. 1150/1938 (373 ).
4. . 2 .. 200/1941
(205 ).
5. : . 6 (. 1), . 7 (. 4), .
14 (. 4), . 19 (. 1) . 37 . 3142/1955
(43 ).
6. . 44 45 . / 29
1958 . 3142/1955
(44 ).
7. . 1 ./ 299/1973
,
(239 ).
8. . 27 (. 4 ) 32 .
1085/1980 (255 ).
9. . 1 (. 1) 3 (. 8) .
1476/1984 (136 ).
10. . 1583/1985 , ...

. 1476/1984 (222 ).
11. . 44001/1516/9.4.1985 / 4
.
12. . 38 . 2190/1994
(28 ).
13. . 3541.5/06/97/19.12.1997

. 674/1997 ... ( )
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2084/1992.
3159
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24 2005
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, 16 2005

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:
1. 31 32 N.1914/1990

,
( 178/17.12.1990).
2. 1 N.2187/1994 ( 16/8.2.1994).
3. 5 12 N. 2198/
1994 ,

( ) ( 43/22.3.1994).
4. 11 N. 2459/1997
( 17 /18.2.1997),
9 N. 2579/1998).
5. T 15 N. 2628/1998 (
151//1998), 31 N. 2682/
1999 ( 16 /1999)), 37 . 3130/2003 ( 76//2003).
6. 64, 90 91 N. 2362/
1995
( 247//27.11.1995).
7. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
.
9. . 14650/ 85/17.4.2004 ( 519/
17.4.2004) .
3161
10. . 2628/6.7.1998 (....)

( 151 /6.7.1998).
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(
10 / 12.1.2005).
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5. ,
0,15% .
6. ( ),
(6 5.000.000.000) .
7. 3,70%, , .
8. .

.
(6 1.000), 365 366
.
20.7.2006 , .
22 2005 ()
20 2006 ( ).
, (6
1.000), 3,70% 513/365.
6
1.000 6 52,00.
.
.
3162
( )
,

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9.
, 8.
10.
(10%). .
. .
11. .
12. . , , (...),
.
13. ,
, .
14. ,
(....) (..C.).
15. (Stripping). (ISINS).
16. (Settlement) 22 2005,
.
17. ,

,
,
, .

2005, , ,
.

.
, 16 2005
O
. 344/0051
(5)

2001-2006 URBAN II.

:
1. () 1260/1999, 438/2001
1159/2000.
2. . 17 . 2860/2000 , ( 251//2000),
23 . 3148/2003
( 136//2003) .
3. . 14650/85/17.3.2004

( 519/17.3.2004).
4. . 2/27040/0022/31.7.2003

17 (. 6 7) . 2860/2000 ( 1170/
/2003).
5. 600 6, , , ...
6.
(...), 2005,
:
1.
,
2001-2006 URBAN II,
.
, , :

,
85081, 2
, ..
307, 1.2 ,
1 -
.... ,
86703, 2
.... , 3.1 , 3
- .
2. :
, / ,
51
/ ...,
, / , ..., .
, / ,
51
/ ...
.
3. 28.2.2005 3.3.2005, ( - , ),

.
3897
. 313
10 2005
. 2/11969/0004
(1)
' . 2/64524/0004/19.11.2004
"

(...)".
' . 2/64524/0004/19.11.2004
"

(...)"...................................................................
' . 880/0051/3.9.2003 "
. () 950/97 / " . - (-) .........................

()
45.744.560,00
" ..", ' . 2/36468/0025/14.7.2003,
2/16612/0025/19.5.2004, 2/11108/0025/27.2.2003,
2/42681/0025/11.8.2004 2/50294/0025/1.10.2003
,
()
" .."
498.953.016,66 ......................................
, .................................................................
" , , " ..............................
"
"...............................
' . 9014.1/111/99/18.5.1999

(998) .....................................................................
3
4
:
1. :
) . 3 .2362/1995 " " (.247).
) .. 284/1988 " " (. 128), .
) 34 .1914/1990 "
, " (. 178).
) 13 .2346/1995 "

" (.220).
) 5 .2026/1992 " " (. 43), . 1
23 .2085/1992 (. 170).
) 13 .2690/1999 " " (. 45).
) 17 .3205/2003 " , ....
.,
, "
( 297).
) ' . 2/64524/0004/19.11.2004
"
(...)".
) ' . 2/73336/0022/31.12.2004
"
3900
( )
10.10.2003) Bayerische Hypo-Und

Vereinsbank AG (Secured Party)
.., 19,463,000.00
6.3.2000, (Commercial Facility Agreement),
17. ' . 6/2005 ,
.
18. To ' . 81/21.3.2002
( 57/) " ".
19. ' . 14650/85/17.3.2004
" ", :
.
() 6.3.2000 ' . 1 2.2.1., 45.744.560,00
" .."
, , :
. ' . 2/36468/0025/
14.7.2003 ( 984/16.7.2003)
78,910,531.77 86,465,091.77 (
7,554,560.00 ),
. ' . 2/16612/0025/
19.5.2004 ( 804/28.5.2004)
121,391,829.35 133,026,829.35 ( 11,635,000.00 ),
. ' . 2/11108/0025/
27.2.2003 ( 268/5.3.2003)
77,154,413.10 88,724,413.10 (
11,570,000.00 ),
. ' . 2/42681/0025/
11.8.2004 ( 1285/23.8.2004)
117,043,269.79 124,923,269.79 ( 7,880,000.00 ),
. ' . 2/50294/0025/
1.10.2003 ( 1492/10.10.2003)
104,452,972.65 111,557,972.65 ( 7,105,000.00 ),
. ' . 2/36468/0025/
14.7.2003, 2/16612/0025/19.5.2004, 2/11108/0025/
27.2.2003, 2/42681/0025/11.8.2004 2/50294/0025/
1.10.2003 .

.
, 4 2005

. 2/11536/0023/
(4)
,
.

:
1. 31 32 .1914/90
"
,
"( 178/17.12.1990).
2. 1 .2187/94 "
" ( 16/8.2.1994).
3. 5 12
.2198/1994 "
,
( )" ( 43/22.3.1994).
4. 11 .2459/1997 " "
( 17 /18.2.1997),
9 .2579/1998).
5. T 15 .2628/1998 (
151//1998), 31 .2682/
1999 ( 16 /1999)), 37 .3130/2003 ( 76//2003).
6. 64, 90 91 .2362/
1995
( 247//
27.11.1995).
7. ' . 2021180/2981/0023/31.3.1997 "
, ...
( 286//10.4.1997)".
8. ' . 2/4627/0023/25.1.2001
" ,
,
".
9. ' . 14650/ 85/17.4.2004 ( 519/
17.4.2004) " ".
10. .2628/6.7.1998 " (....)
" ( 151 /6.7.1998).
11. ' . 2/72511/0023 /29.12.2004

" " (
10 /12.01.2005).
(Subscription Agreement),
' . 245/2.3.2005, - ..., :
7.3.2005
, , ,
, 20.09.2037. ,
, .
( )
.
1. , ,
7
2005 20 2005 (short coupon),
20.9.2037.
2. , , ,
(...), .
3. 1.000.
4. (7.3.2005),
, 100,482 %
5. ,
0,275% .
6. ( ),
(5.000.000.000) .
7. 4,50%, , .
8. .

.
(1.000),
365 366
.
20.9.2005 , .
7 2005 () 20 2005 ( ).
, ( 1.000), 4,50%
197/365.

1.000 24,29.
.
.
,

..R.G.E.T.
9.
, 8.
10.
(10%). .
. .
11. .
12. . , , (...),
.
13. & , -
3901

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15. (Stripping).

(ISINS).
16. (Settlement) 7 2005, .
17. ,

,
,
, .

2005, , ,
.

.
, 2 2005

. 480/0051
(5)

" , , ".

:
1. 17 .2860/2000 ",
" ( 251/.).
2. ' . 14650/ 85/17.3.2004
( 519/.).
3. ' . 2/27040/0022/31.7.2003
"
17 (. 6 7) .2860/2000 "( 1170/.).
4. ' . 2/7240/0022/12.3.2003
"
17
(. 6) .2860/2000" ( 310/.).
5.
2005.
6. .... 2005.
7.
" , , -
6331

. 442
6 2005
.

~ ...........
,
............................................

...................................................
..............
/
- ( ..-....). ......
.. ( ). .....................
.. ( ). ..............
2
3
4
5
6
7
/
////
--
. 39727
(1)
~
.

,

:
1. :
) 9 10 . 301/1976

( 91//1976) 26
. 2738/1999 ,
( 180//1999).
) ./ 188/1996 ( 146//1996) - -
.. 13/2005 ( 11//2005)
26/2005 ( 43//2005).
2. . 174146/15.10.2004
,
( 1562/19.10.2004).
3. . 37647/30.3.2005
, 10 . 301/1976
26 . 2738/1999.
4. ,

.
5. ,
:
,
, ~ (, ,
..) , .

.
, 4 2005

. 656/0051
(2)
,

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:
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( )
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.
) 2002, 4: / , / .
) , 2
, /
.
2. :
, , 51
/ ..., .
, ,
51 / ...
, , 43 / .... ...
3.
10.4.2005 - 19.4.2005 :
10.4.2005
.
11.4.2005
.. , 12,
12.4.2005
,

,
17, .
13.4.2005 /
, 2002, 14,
.
14 15.4.2005
2002, . 15.4.2005 .
18.4.2005 /
,
,
. 12, .
19.4.2005
,
.

,
..
6333
. .
4. :
,
,

.
5.
, .
907/052/2.7.2003 ( 878/
2.7.2003).
6.
3 .

.
, 31 2005

.2 /16653/0023/
.
(4)

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994 ( 16/8.2.1994).
3. 5 12 . 2198/
1994 ,

( ) ( 43/22.3.1994).
4. 11 . 2459/1997
( 17 ~ /18.2.1997),
9 . 2579/1998).
5. T 15 . 2628/1998 (
151//1998), 31 .
2682/1999 ( 16 / 99), 37 . 3130/2003 ( 76 // 2003).
6. 64, 90 91 . 2362/95

( 247 // 27.11.1995).
7. . 2021180/2981/0023/31.3.1997
, ...
( 286//10.4.1997).
8. . 2/20187/0023/20.04.2004

, , .
9. . 14650/ 85/17.3.2004 ( 519//
6334
( )
19.4.2004) .
10. . 2628/6.7.98
(....) ( 151 /6.7.1998).
11. . 2 /72511/0023 /29.12.2004

(
10 /12.01.2005).
12. . 311/24.3.2005 340/31.3.2005 ...., :
, , , , 4.4.2017.
4.4.2005
.
.
1.
(99,97%).
2.
6
(6 months Euribor),
11.00 .. , 0,09%. (0,09%) .
3. 6 , 4 2005 ( )
4 2005 ( ), 2,297% (2,207%+0,09%).
4.
.

2, . , ,
.
5.
(6 1.000),
360 .
6. (6 3.500.000.000)

:
ALPHA BANK AE
910.000.000,00 6
NATIONAL BANK OF GREECE
910.000.000,00 6
EFG EUROBANK ERGASIAS
910.000.000,00 6
EMPORIKI BANK
500.000.000,00 6
AE
270.000.000,00 6
:
3.500.000.000,00 6
7. 0,14%.
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-
(10%). .
. .
9. (Settlement)
4 2005,
.
10. , ,
.
2/20187/0023/20.04.2004.

.
, 31 2005

.33225/4
(5)
/
- ( ..-....).

:
1. 17 .1566/1985

.
2. . 6 . 4/902/
29.9.1998
( 21//17.1.1990)
7 .1894/1990 ( 110/).
3. 14 .2817/2000 (
78 . 14.3.2000 ) .
4. . 3/2005
. 4/92180/8.9.2004 ( 1390/./10.9.2004) ).
5. . 5/53/31.10.2001 ( 484/31.10.2001).
6. , :
,

, :

,
.. - ...
:
1.

.... (2).
11451
. 793
10 2005
10
10.6.2005 (reopening) 22.2.2005
20.7.2015. .................................................................. 1
10 (re-opening) 10.6.2005 20.7.2015. ............. 2
/
////
--
. 2/30721/0023
(1)
10
10.6.2005 (re-opening)
22.2.2005 20.7.2015.

:
1. 31 32 . 1914/1990

, ( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
,

( )
( 43/22.3.1994).
4. 64, 90 91 . 2362/1995
,
... ( 247 /27.11.1995).
5. 11 . 2459/1997 (
17'/18.2.1997), 9 .
2579/1998.
6. 31 . 2682/1999 ( 16 /
1999).
7. . 2842/27.9.2000 () 1103/1997,
974/1998 2866/1998 , . ( 207/ /27.9.2000).

8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628//6.7.1998

(....) ( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
,

, .
12. . 2/8578/0023/16.2.2005

22.2.2005 ,
, , 10 ,
20.7.2015.
13. . 14650/ 85/17.3.2004 ( 519//
17.3.2004)

.
14. . 2/72511/0023/29.12.2004 . ( 10 /12.1.2005).
15. . 590/3.6.2005 ....,
:

10.6.2005 re-opening (22.2.2005) , , , 10 , 20.7.2015.

1) , 10.6.2005
, , (10) ,
22.2.2005 20.7.2015.
11452
( )
2) 1.000 .
3) 3,70%
.
4) , (6 1.500.000.000).
5) .

.
. 10.6.2005 (reopening)
,
22.2.2005 10.6.2005 2 .
. ,
(6 1.000) , 3,70% 108/365
1,0947950%. 6 10,95.
6)
.

,
,
. ,

T.A.R.G.E.T.
7) (10%).
.

. .
8)

.
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, 7 2005,
(....).
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5 .

(6 5.000.000) .

(6 500.000).
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.
(clean price).
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(6 1.000).
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,
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.
.

.
, 7 2005 12.00 .
6) 7 2005
12:45 , (....).
7) , ( 12:00
9 2005), ,

20% .
,
.
.

12:45 9 2005,
().
8) , , , .
.
9) ' ,
80%
20%, 80% .
10) (Settlement)
10 2005, (reopening) (22.2.2005).
11) (Stripping).
(SIN)
22.2.2005.
12) .
13) , -
( )
, .
14) ,
(....) (O.T.C.).
15)
.
~
10 2005 (), (5) , 17 2005, , ,
, -
,

(10.6.2005), ,
, ,
.
- .., (...)
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.
,
.
...
.
,

ISIN () ISIN ( ), , ... ...
ISIN B
, , .
, ,
ISIN
.
, , . ,

, .
.

2005 ,
'
11453
.
.
, 7 2005

. 2/30724/0023
(2)
10 (re-opening) 10.6.2005 20.7.2015.

:
1. 31 32 . 1914/1990

, ( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
,

( )
( 43/22.3.1994).
4. 64, 90 91 . 2362/1995
,
... ( 247 /27.11.1995).
5. 11 . 2459/1997 (
17'/18.2.1997), 9 .
2579/1998.
6. 31 . 2682/1999 ( 16/
1999).
7. . 2842/27.9.2000 ()
1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(....) ( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
,

, .
12. . 2/8578/0023/16.2.2005

22.2.2005 ,
, , 10 ,
20.7.2015.
13. . 14650/ 85/17.3.2004 ( 519//
11454
( )
17.3.2004)
.
14. . 590/3.6.2005 ....,
:
10.6.2005, (re-opening) (22.2.2005) , , ,
10 , 20.7.2015.

1) , ,
,
, (10) , 22.2.2005 20.7.2015.
2) , ,

,
(...), .
3) 1.000 ,
102,382%
, 7 2005,
.
4) .
5) 3,70%
.
6) .

.
. 10.6.2005 (reopening)
,
22.2.2005 10.6.2005 2 .
. ,
(6 1.000) , 3,70% 108/365
1,0947950%. 6 10,95.
7)
.

,
,
. ,

T.A.R.G.E.T.
8) . .
9)

.
10) ISIN B,
,

.
~
1) .., , , , ,
.
6 2005
8 2005.
2) :
... ,
... ,
...,
...,
, .
3) 1.000 ,
1.000
15.000 .
, ... ..., 1.000 .
, ,
.
4)
, , .
... .
5) ISIN B ,
,
.
6) , ,
ISIN
.
, . ,
.
7) (Settlement)
10 2005, (reopening) 22.2.2005.
8)
,
0,15%
... 0,04%.

2005 ,
'
.

.
, 7 2005

12423

. 885
29 Io 2005
. 2/14595/0022
(1)

.

. ..................................................................... 1
- -
( ) ...
2005.................................. 2
, re
opening 21.6.2005
,
(6
1.800.000.000). .................................................... 3

, , , . ......... 4

(). ............ 5
. . 959/1/157150/
15.1.2004
( 89/ . /23.1.2004)
(). ................................................................ 6
......................................................
. .............................................. 8

:
1. 7 13 . 1558/1985
( 137),
.
2. 3 . 6 .. 32/2004 ( 28), , . 5 .. 179/2004
. 32/2004
( 156).
3. 17 . 3205/2003 (
297/).
4. 29 . 1558/1985 (
137//1985) 27 .
2081/1992 ( 154//1992)
1 . 2469.
5. 40 . 849/1978
8 . 2129/1993.
6. . 38243/ 922/28.9.2004 (
1496//6.10.2004)
.
7.
4.050 ,

2005, 23-640 0515.
8.
, :
( )
EOT.
. . . ( & )
. . .
. . .
. . .I
. . .&...
. . .
. . .
. . ..
( -----)
. . . ( --)
. . . (-)
70
25
30
35
35
35
30
50
680
40
30
2. 6 356.000 2005 EOT,

4212 .
3.
(680)
,
.
4.
.

.
, 6 2005

. 2/32020/0023
(3)
, re opening
21.6.2005
, (6 1.800.000.000).

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994 ( 16/8.2.1994).
3. 5 12 .
2198/1994
,
( ) ( 43 /22.3.1994).
4. 11 . 2459/1997
( 17 /18.2.1997),
9 . 2579/1998).
12425
5. 31 . 2682/1999 (
16 /1999), 37 .
3130/2003 ( 76//2003).
6. 64, 90 91 .
2362/1995 ( 247//
27.11.1995).
7. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
8. . 2628/6.7.1998
(....) ( 151 /6.7.1998).
9. . 14650/ 85/17.03.2004 (
519//17.03.2004)

.
10. . 2/72511/0023/29.12.2004

. ( 10 /12.1.2005).
11. . 2/16773/0023//20.3.2003
27.3.2003 ,
, 25.7.2025.
12. . 622/15.6.2005 ...
21.6.2005 , 25.7.2025, :
, , re
opening 21.6.2005 ,
(6 1.800.000.000).
, , ,
, 25.7.2025, 2,90%,

, , (HICP excl. tobacco), ISIN GR 0338001
531 :
117,082%
Index ratio 21.6.2005 1,05019
1.000 6 : 27,62 6

, (2.262.960.000,00)
6 2.213.244.000,00 6
49.716.000,00
25.7.2004 ,
21.6.2005.

, 0,30% .

, . 2/16733/0023/20.3.2003
.
12426
( )

2005, , ,
.

.
, 16 2005

. 2/1804/0025
(4)

, , ,
.

:
1. . 2322/1995 ( 143/./1995).
2. . 14650/ 85/17.3.2004

.
3. . 96629/6295/8.5.2003
, ,

, , .
4. . 2/31230/0025/6.6.2003
.
5. . 96629/15345/2003
,
, ,
.
6. . 2/56365/0025/10.10.2003

.
7. .14979/2004
, , ,
,

.
8. 5 . 2322/95 ( . 2/31.1.2005),

, :
35.000
, , , ,
, ,
, , .
14979/2004.
100% 39.000- (60.000 - 21.000
) ,
:
,
.

/ . 128/1975.

,
.
(, ,
) ,

-60.000- ,
.
22 (2) (
24
).

.

.

,
,
(... - .25 - )
(...)
/ 555 /

./ . 16/1989 ( 6/5.1.1989
.) .
98348/2945/8.8.1979.

(3)
,
12430
( )
) 15462/25.2.2005 ( 289/7.3.2005 . ),
) 25021/18.2.2005 ( 404/29.3.2005 .),
) 25649,25650/18.2.2005 ( 404/29.3.2005 . ),
) 23077, 24889/18.3.2005 ( 404/29.3.2005 .),
) 28424/1.4.2005 ( 475/12.4.2005 ), . 2/23534/0022/
17.5.2005 .

.
, 16 2005

OFFERING CIRCULAR

Euro 250,000,000
Fixed to Floating Rate Capped Government Bonds due 2024
Issue Price: 100 per cent.
The Euro 250,000,000 Fixed to Floating Rate Capped Government Bonds due 2024 (the
Bonds) of The Hellenic Republic (the Republic) will bear interest from, and including,
7 July 2005 and interest will be payable annually in arrear on each Interest Payment Date (see
Terms and Conditions of the Bonds Interest). Payments of interest in respect of the
Bonds will be made without deduction for or on account of Greek taxes, as described, and
subject to the exceptions set out, under Terms and Conditions of the Bonds - Taxation.
The Bonds will mature on the Interest Payment Date falling on 7 July 2024.
Application has been made to list the Bonds on the regulated market (as contemplated by
Directive 2003/71/EC (the Directive)) of the Luxembourg Stock Exchange.
The Bonds will be represented initially by a temporary global bond (the Temporary Global
Luxembourg) for credit on or about 7 July 2005 (the Closing Date) to the accounts of
global bond (the Permanent Global Bond), without interest coupons or talons, to be held
by the Common Depositary, not earlier than 16 August 2005 upon certification as to non-U.S.
Managers
Alpha Bank
Deutsche Bank
The date of this Offering Circular is 5 July 2005
Bonds. The Republic accepts responsibility accordingly.
Alpha Bank A.E. and Deutsche Bank AG, London Branch (the Managers) have not
separately verified the information contained herein. Accordingly, no representation,
warranty or undertaking, express or implied, is made and no responsibility or liability is
accepted by the Managers as to the accuracy or completeness of the information contained in
this Offering Circular or any other information provided by the Republic in connection with
the Bonds or their distribution.
authorised by the Republic or the Managers.
Republic or the Managers which would permit a public offering of the Bonds or distribution
of this document in any jurisdiction where action for that purpose is required. Accordingly,
the Bonds may not be offered or sold, directly or indirectly, and neither this Offering Circular
Page 2
TABLE OF CONTENTS
Page
Terms and Conditions of the Bonds .....................................................................................4
Summary of provisions relating to the Bonds while in global form ....................................18
Use of Proceeds.................................................................................................................20
Greek Taxation..................................................................................................................20
Transfer Restrictions .........................................................................................................22
In connection with the issue of the Bonds, Deutsche Bank AG, London Branch (the
"Stabilising Manager") (or persons acting on behalf of the Stabilising Manager) may overallot Bonds (provided that the aggregate principal amount of Bonds allotted does not exceed
105 per cent. of the aggregate principal amount of the Bonds) or effect transactions with a
view to supporting the market price of the Bonds at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilising Manager (or persons
acting on behalf of a Stabilising Manager) will undertake stabilisation action. Any
stabilisation action may begin on or after the date of this Offering Circular and, if begun, may
be ended at any time, but it must end no later than 30 days after the Closing Date.
Page 3

Bonds) are issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of
Law 2187/94 of the Republic, as amended and supplemented by article 11 of Law 2628/98 of
the Republic, and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the
Minister of Finance of the Republic. Payments in respect of the Bonds will be made
pursuant to an Agency Agreement (the Agency Agreement) dated 5 July 2005 and
made between the Republic, Deutsche Bank AG, London Branch as fiscal and paying
agent and agent bank (the Agent, which expression shall include any successor agent)
and Deutsche Bank Luxembourg S.A. as paying agent (together with the Agent, the
Paying Agents, which expression shall include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 5 July 2005 and made by
the Republic.
during normal business hours at the specified offices of each of the Paying Agents. The
Bondholders and the Couponholders are deemed to have notice of, and are entitled to the
below).
1.
The Bonds are in bearer form and in the denomination of Euro 1,000 (the Specified
Denomination). Any definitive Bonds are issued with interest coupons for the payment
of interest (the Coupons) attached.
Republic and each of the Paying Agents may deem and treat the bearer of any Bond or
Coupon as the absolute owner thereof (whether or not overdue and notwithstanding any
notice of ownership or writing thereon or notice of any previous loss or theft thereof) for
all purposes.
Page 4
2.
other unsecured and unsubordinated obligations of the Republic outstanding on 6 July
Republic with respect thereto is backed by the full faith and credit of the Republic. So
long as any Bond remains outstanding, the Republic shall not create or permit to subsist any
mortgage, pledge, lien or charge upon any of its present or future revenues, properties or
assets to secure any External Indebtedness, unless the Bonds shall also be secured by such
mortgage, pledge, lien or charge equally and rateably with such External Indebtedness or by
such other security as may be approved by an Extraordinary Resolution of the Bondholders
(as described in Condition 10).
3.
INTEREST
(1)
The Bonds bear interest from and including 7 July 2005 (the Interest Commencement
Date) and interest will be payable annually in arrear on 7 July in each year (each an
Interest Payment Date). The first Interest Payment Date will fall in July 2006. If any
Interest Payment Date would otherwise fall on a day which is not a Business Day it
shall be postponed to the next day which is a Business Day. Interest will be payable in
respect of each Interest Period (which expression shall mean the period from and
including the Interest Commencement Date to but excluding the first Interest Payment
Date and each successive period from and including an Interest Payment Date to but
excluding the next succeeding Interest Payment Date). The Interest Periods commencing
on the Interest Commencement Date to but excluding the Interest Payment Date falling in
July 2006 is the First Fixed Rate Interest Period and the Interest Period commencing on
the Interest Payment Date falling in July 2006 to but excluding the Interest Payment Date
Page 5
falling in July 2007 is the Second Fixed Rate Interest Period. Each subsequent Interest
Period is a Floating Rate Interest Period.
(2)
Interest Accrual
Each Bond will cease to bear interest from and including its due date for redemption unless,
upon due presentation, payment of the principal in respect of the Bond is improperly withheld
or refused or unless default is otherwise made in respect of payment. In such event, interest
will continue to accrue until whichever is the earlier of: the date on which all amounts due in
respect of such Bond have been paid; and five days after the date on which the full amount of
the moneys payable in respect of such Bonds has been received by the Agent and notice to
that effect has been given to the Bondholders in accordance with Condition 11.
(3)
Rate of Interest
The rate of interest payable from time to time in respect of the Bonds (the Rate of Interest)
will be determined on the basis of the following provisions:
(a)
The Rate of Interest payable in respect of the First Fixed Rate Interest Period will be
7% per annum. The Rate of Interest payable in respect of the Second Fixed Rate
Interest Period will be 6% per annum.
(b)
The Rate of Interest applicable to each Floating Rate Interest Period will be as
follows:
(i) on each Interest Determination Date, the Agent will determine the Rate of
Interest by reference to 12-Month Euribor (expressed as a percentage rate
per annum) plus a margin of 1% per annum (provided that the maximum
Rate of Interest will be 6 times the sum of (Eur CMS 10y Eur CMS 2y),
and the minimum rate of interest will be 0.00%);
(ii) for the purposes of sub-paragraph (i) above:
EUR CMS 10y means the annual swap rate expressed as a percentage for
a EURIBOR interest rate swap transaction with a term equal to 10 years
which appears on the Reuters screen ISDAFIX2 page at 11.00 am
(Frankfurt Time) on the Interest Determination Date;
EUR CMS 2y means the annual swap rate expressed as a percentage for a
EURIBOR interest rate swap transaction with a term equal to 2 years which
appears on the Reuters screen ISDAFIX2 page at 11.00 am (CET) on the
Interest Determination Date; and
(iii) if either EUR CMS 2y or EUR CMS 10y does not appear on the Reuters
Page ISDAFIX2 on an Interest Determination Date, EUR CMS2y or EUR
CMS10y, as applicable, will be a percentage determined on the basis of the
mid-market annual swap rate quotations provided by the Reference Banks
at approximately 11.00 a.m. (Frankfurt Time) on that Interest
Determination Date. The Agent will request the principal London office of
each of the Reference Banks to provide a quotation and will take the
arithmetic mean of the quotations, eliminating the highest quotation (or, in
the event of equality, one of the highest) and the lowest (or, in the event of
equality, one of the lowest). If three or less than three quotations are
provided, the arithmetic average will be calculated using all quotations
Page 6
available. For this purpose, the mid-market annual swap rate means the
arithmetic mean of the bid and offered rate quotations for the annual fixed
leg, calculated on 30/360 day count basis, of a fixed-for-floating Euro
denominated interest rate swap transaction with a designated maturity of
two years or of ten years for EUR CMS2y or EUR CMS10y respectively,
commencing on the first day of the relevant Interest Period for a
representative amount of EUR 250 million with an acknowledged dealer
of good credit in the swap market, where the floating leg, calculated on an
Actual/360 day count basis is equivalent to EUR-EURIBOR-Telerate (as
defined in the Annex to the 2000 ISDA Definitions published by the
International Swap and Derivatives Association, Inc. (June 2000 version)),
with a designated maturity of twelve months.
For the purposes of this paragraph (b), Reference Banks means five leading swap
dealers in the interbank market as chosen by the Agent.
(c)
For the interest period commencing on 7 July 2023 and ending on 7 July 2024 the
interest rate shall be calculated as for each Floating Rate Interest Period except that
an additional interest amount will be payable on the Maturity Date in respect of each
Bond in the event that the Cumulative Coupon is less than the Global Floor. The
additional interest amount payable shall be the Global Floor minus the Cumulative
Coupon where:
Global Floor means, in respect of each Bond, 42.75% of its nominal value; and
Cumulative Coupon means, in respect of each Bond, the sum of all interest rates
paid from and including the first Interest Payment Date up to and including the
amount payable in respect of the Floating Rate Interest Period commencing on 7 July
2023 and ending on 7 July 2024 (all as a percentage of the principal amount of the
Bonds).
For the avoidance of doubt should the Cumulative Coupon exceed the Global Floor
then no additional interest amount shall be paid.
(d)
(i) "Business Day" means any day which is a day on which the Trans-European
System is open;
(ii) "Euro-zone" means the countries of the European Union which from time to
time have adopted the Euro currency; and
(iii) "Interest Determination Date" means the date which is two Business Days
prior to the first day of the Interest Period for which the rate will apply.
(4)
The Agent shall, as soon as practicable after 11.00 a.m. (Brussels time) on each Interest
Determination Date, but in no event later than the third Business Day thereafter,
(the "Interest Amount") for the relevant Interest Period. Each Interest Amount shall be
determined by applying the Rate of Interest to the Specified Denomination, multiplying
the sum by the actual number of days in the Interest Period concerned (such number of
Page 7
days being calculated on the basis of a year of 360 days with 12 30-day months) divided
by 360 and rounding the resultant figure to the nearest cent (half a cent being rounded
upwards).
(5)
The Agent shall cause the Rate of Interest, and any amendment thereto, and each
Interest Amount for each Interest Period and the relative Interest Payment Date to be
notified to the Republic and to any stock exchange on which the Bonds are at the
relevant time listed and to be published in accordance with Condition 11 as soon as
possible after their determination. The Interest Amount and Interest Payment Date may
subsequently be amended (or appropriate alternative arrangements made by way of
adjustment) without notice in the event of an extension or shortening of the Interest
Period.
(6)
All notifications, opinions, determinations, certificates, calculations, quotations and decisions

given, expressed, made or obtained for the purposes of and in accordance with the provisions
of this Condition, whether by the Reference Banks (or any of them) or the Agent, will (in the
absence of wilful default, bad faith or manifest error) be binding on the Republic, the Paying
Agent and all Bondholders and Couponholders and (in the absence as referred to above) no
liability to the Republic or the Bondholders or the Couponholders shall attach to the Agent in
connection with the exercise or non-exercise by it of its powers, duties and discretions under
this Condition.
(7)
Agent
The Republic will procure that so long as any of the Bonds remains outstanding there
shall at all times be an Agent for the purposes of the Bonds and the Republic may
terminate the appointment of the Agent. In the event of the appointed office of any bank
being unable or unwilling to continue to act as the Agent or failing duly to determine
the Rate of Interest and the Interest Amount for any Interest Period, the Republic shall
appoint the Euro-zone office of another major bank engaged in the Euro-zone interbank
market to act in its place. The Agent may not resign its duties or be removed without a
successor having been appointed.
4.
(1)
Final Redemption
will be redeemed at their principal amount on the Interest Payment Date falling on 7 July
2024 (the Maturity Date).
(2)
Purchases
Page 8
(3)
Cancellation
5.
PAYMENTS
of such Bonds or Coupons, as the case may be, at any specified office of the Paying
Agent outside the United States. If any Bonds are redeemed or become repayable in
(i)
(ii)
The name of the initial Agent and the other initial Paying Agent and each of their initial
terminate the appointment of the Paying Agent and to appoint additional or other Paying
provided that it will, so long as any of the Bonds is outstanding, maintain (i) an agent
bank (which may be the Agent) and (ii) a Paying Agent (which may be the Agent) having
a specified office in a leading financial centre in continental Europe which, so long as the
Bonds are listed on the Luxembourg Stock Exchange and the rules of such exchange so
require, shall be Luxembourg, termination or change shall only take effect (other than in
the case of insolvency, when it shall be of immediate effect) after not less than 30 days
prior notice thereof shall have been given to the Bondholders in accordance with
appointed.
Page 9
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
Page 10

interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Bonds,
8.
PRESCRIPTION
Page 11
9.
10.

(i)
(ii)
Bonds;
(iii)
(iv)
Bonds;
(v)
(vi)
shorten the period during which the Republic is not permitted to redeem Bonds, or
permitted to do so;
(vii)
(viii)
Page 12
(ix)
Bonds;
(x)

(xi)
(xii)
respect of actions or proceedings brought by any holder based upon a Bond; or
(xiii)

75 per cent. of the aggregate principal amount of the Bonds for the time being
outstanding or not less than 50 per cent. of the aggregate principal amount of the Bonds
for the time being outstanding at any adjourned meeting.
Bondholders or by Written Resolution and will be binding on all the Bondholders
(whether or not they are present at such meeting and whether or not may sign the Written
outstanding.
of:
(i)
(ii)
(iii)
securing the Bonds;
Page 13
(iv)

(v)
(vi)
correcting at its opinion a manifest error of a formal, minor or technical nature; or
(vii)

acceleration of the Bonds, any Bonds that the Republic owns or controls directly or indirectly
entity.
relevant Bondholder must deposit its Bonds with the Paying Agent and obtain two copies of
an acknowledgment of receipt (an Acknowledgment) signed and dated by the Paying Agent
and certifying the nominal amount of Bonds so deposited. Any request so made, notice so
given or Written Resolution so signed by any Bondholder must be accompanied by an
Acknowledgment issued to the Bondholder. Bonds so deposited will not be released until the
earlier of (i) the thirtieth day after the date of deposit and (ii) the request, notice or Written
Resolution becoming effective in accordance with these Terms and Conditions and will only
be released against surrender of a relevant Acknowledgment.
11.
NOTICES
(A)
listed on the regulated market (as contemplated by the Directive) of the Luxembourg Stock
Exchange and the rules of that exchange so require, in the dWort or any other daily
newspaper of general circulation in Luxembourg. Such notice shall be deemed to have been
Page 14
given on the date of such publication in the relevant newspaper or, if published more than
once, on the date of the first such publication. If publication is not practicable in any such
newspaper as is mentioned above, notices will be valid if given in such other manner, and
shall be deemed to have been given on such dates, as the Agent shall determine.
Couponholders shall be deemed for all purposes to have notice of the contents of any
notice given to the Bondholders in accordance with this Condition 11.
(B)
Notices to the Republic to be given by any holder of the Bonds shall be in writing and
given by lodging the same, together with the relative Bond or Bonds, with the Agent. A copy
of any notice under Condition 7 must, to be valid, also be delivered to Ministry of Economy
and Finance, General Accounting Office, Public Debt Directorate at the following address:
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
In acting under the Agency Agreement, the Agent and the Paying Agent will act solely as
agents of the Republic and do not assume any obligations or relationships of agency or trust
to or with the Bondholders or Couponholders. The Agency Agreement contains provisions for
the indemnification of the Paying Agents and for relief from responsibility in certain
profit.
13.
FURTHER ISSUES
or Couponholders to create and issue further bonds having terms and conditions the same
14.
(A)
The Agency Agreement, the Bonds and the Coupons are governed by, and shall be
(B)
Page 15
permitted by law.
15.
Page 16

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 17
Bond to or to the order of the Agent or Paying Agent as shall have been notified to the
Bondholders for such purpose. A record of each payment so made will be endorsed on the
appropriate schedule to the Permanent Global Bond, which endorsement will be prima
facie evidence that such payment has been made in respect of the Bonds.
3.
NOTICES
accountholders.
4.
5.
DEFAULT
payable.
Page 18
USE OF PROCEEDS
The net proceeds from the issue of Bonds, which will be Euro 250,000,000, will be used
by the Republic for its general funding purposes.
GREEK TAXATION
Income.
Page 19

Alpha Bank A.E. and Deutsche Bank AG, London Branch (the Managers) have, pursuant
to a Subscription Agreement dated 5 July 2005 (the Subscription Agreement), agreed
with the Republic to subscribe and pay for the Bonds at the issue price of 100 per cent. of
the principal amount of the Bonds.
The Managers are entitled to terminate the Subscription Agreement in certain
circumstances prior to payment to the Republic.
U.S. persons. The Managers have agreed that it will not offer, sell or deliver any Bonds
Agreement.
Each of the Managers have represented and agreed that it has complied and will comply
with all applicable provisions of the Financial Services and Markets Act 2000 with
respect to anything done by it in relation to the Bonds in, from or otherwise involving the
United Kingdom.
Page 20
GENERAL INFORMATION
1.
The issue of the Bonds has been duly authorised pursuant to (a) article 1 of Law
2187/94 of the Republic, as amended and supplemented by article 11 of Law 2628/98
of the Republic and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of
the Minister of Finance of the Republic.
2.
Application has been made to list the Bonds on the regulated market (as contemplated
by the Directive) of the Luxembourg Stock Exchange. As long as the Bonds are listed
on the Luxembourg Stock Exchange, the Republic will maintain a Paying Agent
having a specified office in Luxembourg.
3.
XS0223870907.
4.
Paying Agent.
5.
Page 21
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Alpha Bank A.E.
40, Stadiou Street
102 52, Athens
Deutsche Bank AG, London Branch

Winchester House
London EC2N 2DB
AGENT,
PRINCIPAL PAYING AGENT
AND AGENT BANK
Winchester House
London EC2N 2DB
PAYING AGENT
AND LISTING AGENT
L-1115 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens
To the Managers as to English law

65 Fleet Street
London EC4Y 1HS
To the Managers as to Greek law

4 Flessa Street
105 56 Athens
Page 22
OFFERING CIRCULAR

Euro 400,000,000
Fixed to CMS Spread Linked Notes due 2025
(with option to switch to floating rate and guaranteed interest)
The Euro 400,000,000 Fixed to CMS Spread Linked Notes due 2025 (with option to switch to
floating rate and guaranteed interest) (the Notes) of The Hellenic Republic (the
Republic) will bear interest from, and including, 6 July 2005 and interest will be payable
semi-annually in arrear on each Interest Payment Date (see Terms and Conditions of the
Notes Interest). Payments of interest in respect of the Notes will be made without
deduction for or on account of Greek taxes, as described, and subject to the exceptions set
out, under Terms and Conditions of the Notes - Taxation.
The Notes will mature on the Interest Payment Date falling on 6 July 2025.
Application has been made to list the Notes on the regulated market (as contemplated by
Directive 2003/71/EC (the Directive)) of the Luxembourg Stock Exchange. This Offering
Circular constitutes a prospectus for the purposes of the Directive.
the Common Depositary, not earlier than 15 August 2005 upon certification as to non-U.S.
BNP PARIBAS
EFG Eurobank Ergasias S.A.
NBG International
Notes. The Republic accepts responsibility accordingly.
BNP Paribas, EFG Eurobank Ergasias and NBG International Limited (the Arrangers)
and BNP Paribas, EFG Eurobank Ergasias S.A. and National Bank of Greece S.A. (the
Managers) have not separately verified the information contained herein. Accordingly, no
representation, warranty or undertaking, express or implied, is made and no responsibility or
liability is accepted by the Managers as to the accuracy or completeness of the information
contained in this Offering Circular or any other information provided by the Republic in
connection with the Notes or their distribution.
Republic or the Managers which would permit a public offering of the Notes or distribution of
TABLE OF CONTENTS
Page
Terms and Conditions of the Notes...................................................................................... 4
Summary of provisions relating to the Notes while in global form .................................... 18
Use of Proceeds ................................................................................................................ 20
Greek Taxation ................................................................................................................. 20
Subscription and Sale........................................................................................................ 21
Transfer Restrictions ......................................................................................................... 22
General Information .......................................................................................................... 24
In connection with the issue of the Notes, BNP Paribas (the "Stabilising Manager") (or
persons acting on behalf of the Stabilising Manager) may over-allot Notes (provided that the
aggregate principal amount of Notes allotted does not exceed 105 per cent. of the aggregate
principal amount of the Notes) or effect transactions with a view to supporting the market
price of the Notes at a level higher than that which might otherwise prevail. However, there is
no assurance that the Stabilising Manager (or persons acting on behalf of a Stabilising
Manager) will undertake stabilisation action. Any stabilisation action may begin on or after
the date of this Offering Circular and, if begun, may be ended at any time, but it must end no
later than 30 days after the Closing Date.

The Euro 400,000,000 Fixed to CMS Spread Linked Notes due 2025 (with option to
switch to floating rate and guaranteed interest) (the Notes) are issued by The Hellenic
Republic (the Republic) pursuant to (a) article 1 of Law 2187/1994 of the Republic, as
supplemented by article 11 of Law 2628/1998 of the Republic, and (b) Ministerial Decision
No. 2/44514/0004 dated 7 July 1999 of the Minister of Finance of the Republic. Payments in
respect of the Notes will be made pursuant to an Agency Agreement (the Agency
Agreement) dated 4 July 2005 and made between the Republic and BNP Paribas
Securities Services, Luxembourg Branch as fiscal and paying agent and agent bank (the
Agent, which expression shall include any successor agent).
the Republic.
them.
below).
1.
Republic and the Agent may deem and treat the bearer of any Note or Coupon as the
absolute owner thereof (whether or not overdue and notwithstanding any notice of
purposes.
manifest error) shall be treated by the Republic and the Agent as the holder of such nominal
amount of such Notes for all purposes other than with respect to the payment of principal or
interest on the Notes, for which purpose the bearer of the relevant global Note shall be
treated by the Republic and the Agent as the holder of such Notes in accordance with and
subject to the terms of the relevant global Note (and the expressions Noteholder and
holder of Notes and related expressions shall be construed accordingly). Notes which
are represented by a global Note will be transferable only in accordance with the rules
and procedures for the time being of Euroclear or Clearstream, Luxembourg, as the case
may be.
2.
3.
INTEREST
(1)
The Notes bear interest from and including 6 July 2005 (the Interest Commencement
Date) and interest will be payable semi-annually in arrear on 6 July and 6 January in
each year (each an Interest Payment Date). The first Interest Payment Date will fall in
January 2006. If any Interest Payment Date would otherwise fall on a day which is not a
Business Day it shall be postponed to the next day which is a Business Day unless it
would thereby fall into the next calendar month in which event such Interest Payment
Date shall be brought forward to the immediately preceding Business Day. Interest will
be payable in respect of each Interest Period (which expression shall mean the period
from and including the Interest Commencement Date to but excluding the first Interest
Payment Date and each successive period from and including an Interest Payment Date
to but excluding the next succeeding Interest Payment Date). The Interest Periods
commencing on the Interest Commencement Date to but excluding the Interest Payment Date
falling in July 2006 are each a First Fixed Rate Interest Period and Interest Periods
commencing on the Interest Payment Date falling in July 2006 to but excluding the Interest
Payment Date falling in July 2008 are each a Second Fixed Rate Interest Period. Each
subsequent Interest Period is a Floating Rate Interest Period.
(2)
Interest Accrual
Each Note will cease to bear interest from and including its due date for redemption unless,
upon due presentation, payment of the principal in respect of the Note is improperly withheld
respect of such Note have been paid; and five days after the date on which the full amount of
the moneys payable in respect of such Notes has been received by the Agent and notice to
that effect has been given to the Noteholders in accordance with Condition 11.
(3)
Rate of Interest
The rate of interest payable from time to time in respect of the Notes (the Rate of Interest)
(a)
The Rate of Interest payable in respect of each First Fixed Rate Interest Period will be
8% per annum. The Rate of Interest payable in respect of each Second Fixed Rate
(b)
Subject to paragraph (c) below, the Rate of Interest applicable to each Floating Rate
Interest Period will be as follows:
Interest by reference to the following formula:
Either (if Spread is less than 1%): 4 x Spread (subject to a minimum of 0%)
per annum
Or (if Spread is equal to or greater than 1%): the aggregate of the Screen
Rate and 2% per annum;
Spread means EUR CMS10y EUR CMS2y;
which appears on the Reuters screen ISDAFIX2 page at 11.00 am (CET) on
the Interest Determination Date;
which appears on the Reuters screen ISDAFIX2 page at 11.00 am (CET) on
the Interest Determination Date; and
Screen Rate shall have the meaning set out in paragraph (e) below and
shall be calculated in accordance with (c) below save that references to
0.50% shall be changed to 2.00%;
Page 6
(iii) if either EUR CMS2y or EUR CMS10y does not appear on the Reuters
at approximately 11.00 a.m. (CET) on that Interest Determination Date. The
Agent will request the principal London office of each of the Reference
Banks to provide a quotation and will take the arithmetic mean of the
quotations, eliminating the highest quotation (or, in the event of equality,
one of the highest) and the lowest (or, in the event of equality, one of the
lowest). If three or less than three quotations are provided, the arithmetic
average will be calculated using all quotations available. For this purpose,
the mid-market annual swap rate means the arithmetic mean of the bid
and offered rate quotations for the annual fixed leg, calculated on 30/360
day count basis, of a fixed-for-floating Euro denominated interest rate swap
transaction with a designated maturity of two years or of ten years for EUR
CMS2y or EUR CMS10y respectively, commencing on the first day of the
relevant Interest Period for a representative amount of EUR 400,000,000
with an acknowledged dealer of good credit in the swap market, where the
floating leg, calculated on an Actual/360 day count basis is equivalent to
EUR-EURIBOR-Telerate (as defined in the Annex to the 2000 ISDA
Definitions published by the International Swap and Derivatives
Association, Inc. (June 2000 version)), with a designated maturity of six
months.
(c)
The Republic shall be entitled, by not less than 5 Business Days notice to the
Noteholders and Agent, to elect that the Rate of Interest payable on an Interest
Payment Date (being an Interest Payment Date falling in January 2010 or thereafter)
in respect of the relevant preceding Interest Period and all subsequent Interest Periods
(which election shall be irrevocable) shall be determined in accordance with this
paragraph (c) as follows:
(i) on each Interest Determination Date (as defined below) following such
election, for each Interest Period, the Agent will determine the Screen Rate
(as defined below) at approximately 11.00 a.m. (CET) on the Interest
Determination Date in question. If the Screen Rate is unavailable, the Agent
will request the principal Euro-zone office of each of the Reference Banks
(as defined below) to provide the Agent with the rate at which deposits in
euros arc offered by it to prime banks in the Euro-zone interbank market for
six months at approximately 11.00 a.m. (CET) on the Interest Determination
Date in question.
(ii) the Rate of Interest for the Interest Period shall be the Screen Rate plus 0.50
per cent. or, if the Screen Rate is unavailable, and at least two of the
Reference Banks provide such rates, the arithmetic mean (rounded if
necessary to the fifth decimal place, with 0.000005 being rounded upwards)
as established by the Agent of such rates, plus 0.50 per cent.
(iii) if fewer than two rates are provided as requested, the Rate of Interest will be
the arithmetic mean of the rates quoted by major banks in London, selected
by the Agent, at approximately 11.00 a.m. (CET), on the first day of such
Interest Period for loans in euros to leading banks for a period of six months
commencing on the first day of such Interest Period plus 0.50 per cent. If
the Rate of Interest cannot be determined in accordance with the above
provisions, the Rate of Interest shall be as determined on the last preceding
Interest Determination Date.
For the purposes of this paragraph (c), "Reference Banks" means each of the banks
whose offered rates would have been used for the purposes of the Screen Rate or,
failing which, the principal Euro-zone office of each of four major banks engaged in
the Euro-zone interbank market selected by the Agent provided that once a Reference
Bank has first been selected by the Agent, that Reference Bank shall not be changed
unless and until it ceases to be capable of acting as such.
(d)
An additional interest amount will be payable on the Maturity Date in respect of each
Note and will be determined by the Agent by reference to the following formula:
Max (0, (Aggregate Interest Floor minus Aggregate Interest Amount))
where:
Aggregate Interest Floor means, in respect of each Note, EUR 500; and
Aggregate Interest Amount means, in respect of each Note, the sum of all interest
paid (including for these purposes any amounts withheld and ignoring any additional
amounts) from and including the first Interest Payment Date up to and including the
Maturity Date.
For the avoidance of doubt should the Aggregate Interest Amount exceed the
Aggregate Interest Floor then no Additional Interest Amount shall be paid.
(e)
System is open;
(iii "Interest Determination Date" means the date which is two Business Days
(iv) "Screen Rate" means the annual rate for deposits in euros for six months
which appears on the Reuters Page EURIBOR01 at 11.00 am (CET) on the
Interest Determination Date (or such replacement page on that service which
displays the information).
(4)
(the "Interest Amount") for the relevant Interest Period. Each Interest Amount shall
be determined by applying the Rate of Interest to the Specified Denomination,
multiplying the sum by the actual number of days in the Interest Period concerned (such
number of days being calculated on the basis of a year of 360 days with 12 30-day
months) divided by 360 and rounding the resultant figure to the nearest cent (half a cent
being rounded upwards).
(5)
notified to the Republic and to any stock exchange on which the Notes are at the
possible after their determination but in no event later than the second Business Day
thereafter. The Interest Amount and Interest Payment Date may subsequently be
amended (or appropriate alternative arrangements made by way of adjustment) without
notice in the event of an extension or shortening of the Interest Period.
(6)

absence of wilful default, bad faith or manifest error) be binding on the Republic, the Agent
and all Noteholders and Couponholders and (in the absence as referred to above) no liability
to the Republic or the Noteholders or the Couponholders shall attach to the Agent in
this Condition.
(7)
Agent
The Republic will procure that so long as any of the Notes remains outstanding there
shall at all times be an Agent for the purposes of the Notes and the Republic may
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on 6 July 2025
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
such Notes or Coupons, as the case may be, at any specified office of the Agent outside
the United States. If any Notes are redeemed or become repayable in accordance with
these Conditions prior to the Maturity Date, principal will be payable on surrender of
each Note. All payments of interest and principal with respect to Notes will be made
(i)
(ii)
The name of the initial Agent and its initial specified offices are set out below. The
Republic reserves the right at any time to vary or terminate the appointment of the Agent
and to appoint additional or other Agents and/or to approve any change in the specified
office of any Agent, provided that it will, so long as any of the Notes is outstanding,
maintain (i) an agent bank (which may be the Agent) and (ii) a paying agent (which may
be the Agent) having a specified office in a leading financial centre in continental Europe
which, so long as the Notes are listed on the Luxembourg Stock Exchange and the rules
of such exchange so require, shall be Luxembourg, termination or change shall only take
effect (other than in the case of insolvency, when it shall be of immediate effect) after not
less than 30 days prior notice thereof shall have been given to the Noteholders in
accordance with Condition 11 and provided further that neither the resignation nor
removal of the Agent shall take effect, except in the case of insolvency as aforesaid, until
a new Agent has been appointed.
Furthermore, the Republic undertakes that any paying agent maintained shall have a
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
shorten the period during which the Republic is not permitted to redeem Notes, or
permit the Republic to redeem Notes if, prior to such action, the Republic is not
permitted to do so;
(vii)
(viii)
(ix)
Notes;
(x)

(xi)
change the governing law provision of the Notes; or
(xii)
(xiii)

outstanding.
of:
(i)
(ii)
(iii)
securing the Notes;
(iv)

(v)
(vi)
(vii)

acceleration of the Notes, any Notes that the Republic owns or controls directly or indirectly
will be disregarded and deemed not to be outstanding. For this purpose, Notes owned,
entity.
relevant Noteholder must deposit its Notes with the Agent and obtain two copies of an
acknowledgment of receipt (an Acknowledgment) signed and dated by the Agent and
certifying the nominal amount of Notes so deposited. Any request so made, notice so given
or Written Resolution so signed by any Noteholder must be accompanied by an
Acknowledgment issued to the Noteholder. Notes so deposited will not be released until the
11.
NOTICES
(A)
notice given to the Noteholders in accordance with this Condition 11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
AGENT
In acting under the Agency Agreement, the Agent in its role as fiscal and paying agent will
act solely as agent of the Republic and does not assume any obligations or relationships of
agency or trust to or with the Noteholders or Couponholders. The Agency Agreement
contains provisions for the indemnification of the Agent and for relief from responsibility in
certain circumstances, and entitles it to enter into business transactions with the Republic
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
The Republic irrevocably agrees, for the exclusive benefit of the Agent, the
permitted by law.
15.

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
the order of the Agent as shall have been notified to the Noteholders for such purpose. A
record of each payment so made will be endorsed on the appropriate schedule to the
Permanent Global Note, which endorsement will be prima facie evidence that such
3.
NOTICES
4.
5.
DEFAULT
payable.
USE OF PROCEEDS
The net proceeds from the issue of Notes, which amount to Euro 400,000,000, will be
used by the Republic for its general funding purposes.
GREEK TAXATION
Income.

The Managers have, pursuant to a Subscription Agreement dated 4 July 2005 (the
Subscription Agreement), agreed with the Republic to subscribe and pay for the Notes
at the issue price of 100 per cent. of the principal amount of the Notes.
U.S. persons. The Managers have agreed that it will not offer, sell or deliver any Notes
Agreement.
respect to anything done by it in relation to the Notes in, from or otherwise involving the
United Kingdom.
GENERAL INFORMATION
1.
The issue of the Notes has been duly authorised pursuant to a) article 1 of Law
2187/1994 of the Republic, as supplemented by article 11 of Law 2628/1998 of the
Republic, and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the
Minister of Finance of the Republic.
2.
Application has been made to list the Notes on the regulated market (as contemplated
by the Directive) of the Luxembourg Stock Exchange. As long as the Notes are listed
on the Luxembourg Stock Exchange, the Republic will maintain a paying agent
3.
XS0223064139.
4.
Agent.
5.
THE ISSUER
8 Omirou Street
105 64 Athens
MANAGERS
BNP Paribas
10 Harewood Avenue
London NW1 6AA

8 Othoros Street
105 57 Athens
National Bank of Greece S.A.

86 Eolou Street
102 32 Athens
FISCAL AGENT,
LISTING AGENT
AND AGENT BANK
BNP Paribas Securities Services, Luxembourg Branch
23 avenue De la Porte Neuve
L-2085 Luxembourg
LEGAL ADVISERS
8 Omirou Street
105 64 Athens

65 Fleet Street
London EC4Y 1HS

Dracopoulos & Vassalakis
6 Omirou Street
105 64 Athens
OFFERING CIRCULAR

Euro 250,000,000
CMS - Linked Notes with Global Floor due 2020
The Euro 250,000,000 CMS - Linked Notes with Global Floor due 2020 (the Notes) of The
Hellenic Republic (the Republic) will bear interest from, and including, 13 July 2005 and
interest will be payable annually in arrear on each Interest Payment Date (see Terms and
Conditions of the Notes Interest). Payments of interest in respect of the Notes will be
Directive 2003/71/EC (the Directive)) of the Luxembourg Stock Exchange and on the
electronic bond and government securities market of the Borsa Italiana (the MOT).
Joint Lead Managers
HSBC
MORGAN STANLEY
HSBC Bank plc and Morgan Stanley & Co. International Limited (the Managers) have not
the Notes or their distribution.
the United States, the United Kingdom and the Republic of Italy (see Subscription and
Sale).
Page 2
TABLE OF CONTENTS
Page
Use of Proceeds.................................................................................................................19
Greek Taxation..................................................................................................................19
Italian Taxation...19
In connection with the issue of the Notes, Morgan Stanley & Co. International Limited (the
"Stabilising Manager") (or persons acting on behalf of the Stabilising Manager) may overallot Notes (provided that the aggregate principal amount of Notes allotted does not exceed
105 per cent. of the aggregate principal amount of the Notes) or effect transactions with a
view to supporting the market price of the Notes at a level higher than that which might
Page 3

The Euro 250,000,000 CMS - Linked Notes with Global Floor due 2020 (the Notes) are
issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of Law 2187/94
of the Republic, as amended and supplemented by article 11 of Law 2628/98 of the Republic,
and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the Minister of Finance
of the Republic. Payments in respect of the Notes will be made pursuant to an Agency
Agreement (the Agency Agreement) dated 12 July 2005 and made between the
Republic, Citibank, N.A. as agent and paying agent (the Agent, which expression shall
include any successor agent), Dexia Banque Internationale Luxembourg, socit anonyme as
paying agent (together with the Agent, the Paying Agents, which expression shall
include any successor paying agents) and CCF (the Calculation Agent).
the Republic.
below).
1.
Denomination). Any definitive Notes are issued with interest coupons for the payment
Republic and each of the Paying Agents may deem and treat the bearer of any Note or
all purposes.
Page 4
2.
with respect thereto is backed by the full faith and credit of the Republic. So long as any
Note remains outstanding, the Republic shall not create or permit to subsist any mortgage,
pledge, lien or charge upon any of its present or future revenues, properties or assets to secure
any External Indebtedness, unless the Notes shall also be secured by such mortgage, pledge,
lien or charge equally and rateably with such External Indebtedness or by such other security
as may be approved by an Extraordinary Resolution of the Noteholders (as described in
Condition 10).
3.
INTEREST
(1)
Interest Payment Date). The first Interest Payment Date will fall in July 2006. If any
Interest Payment Date would otherwise fall on a day which is not a Business Day
payment of interest shall be postponed to the next day which is a Business Day. Interest
will be payable in respect of each Interest Period (which expression shall mean the
period from and including the Interest Commencement Date to but excluding the first
Interest Payment Date and each successive period from and including an Interest
Payment Date to but excluding the next succeeding Interest Payment Date). The Interest
Period commencing on the Interest Commencement Date to but excluding the Interest
Payment Date falling in July 2006 is the First Fixed Rate Interest Period and the Interest
Period commencing on the Interest Payment Date falling in July 2006 to but excluding the
Page 5
Interest Payment Date falling in July 2007 is the Second Fixed Rate Interest Period. Each
subsequent Interest Period is a Floating Rate Interest Period.
(2)
Interest Accrual
(3)
Rate of Interest
will be determined by the Calculation Agent on the basis of the following provisions:
(a)
The Rate of Interest payable in respect of the First Fixed Rate Interest Period will be
7.50% per annum. The Rate of Interest payable in respect of the Second Fixed Rate
(b)
(i) Except upon the exercise of the Flip Option (as defined below) the Rate of
Interest applicable to each Floating Rate Interest Period will be 4 times the sum
of (Eur CMS 10y Eur CMS 2y), subject to a minimum rate of interest of 0.00%
and a maximum rate of interest of 7.00%;
EUR CMS 2y means the annual swap rate expressed as a percentage for a
EURIBOR interest rate swap transaction with a term equal to 2 years which
appears on the Reuters screen ISDAFIX2 page at 11.00 am (Frankfurt
Time) on the Interest Determination Date; and
Page ISDAFIX2 on an Interest Determination Date, EUR CMS 2y or EUR
CMS 10y, as applicable, will be a percentage determined on the basis of the
Determination Date. The Calculation Agent will request the principal
London office of each of the Reference Banks to provide a quotation and
will take the arithmetic mean of the quotations, eliminating the highest
quotation (or, in the event of equality, one of the highest) and the lowest
(or, in the event of equality, one of the lowest). If three or less than three
quotations are provided, the arithmetic average will be calculated using all
quotations available. For this purpose, the mid-market annual swap rate
means the arithmetic mean of the bid and offered rate quotations for the
annual fixed leg, calculated on 30/360 day count basis, of a fixed-forfloating Euro denominated interest rate swap transaction with a designated
Page 6
maturity of two years or of ten years for EUR CMS 2y or EUR CMS 10y
respectively, commencing on the first day of the relevant Interest Period for
a representative amount of EUR 250 million with an acknowledged dealer
of good credit in the swap market, where the floating leg, calculated on an
dealers in the interbank market as chosen by the Calculation Agent.
(c)
For the interest period commencing on 13 July 2019 and ending on 13 July 2020 the
Note in the event that the Cumulative Coupon is less than the Lifetime Floor. The
additional interest amount payable shall be the Lifetime Floor minus the Cumulative
Coupon where:
Lifetime Floor means, in respect of each Note, 30.00% of its nominal value; and
Cumulative Coupon means, in respect of each Note, the sum of all interest
amounts paid from and including the first Interest Payment Date up to and including
the amount payable in respect of the Floating Rate Interest Period commencing on 13
July 2019 and ending on 13 July 2020 (all expressed as a percentage of the principal
amount of the Notes).
For the avoidance of doubt should the Cumulative Coupon exceed the Lifetime Floor
(d)
The Republic has the right to change the Rate of Interest during the Floating Rate
Interest Period to 12 month EURIBOR (which appears on the Reuters screen
ISDAFIX2 page at 11.00 am (Frankfurt Time) on the Interest Determination Date)
plus 0.30% upon providing not less than 10 Business Days notice to Noteholders
(the Flip Option). The Flip Option can be exercised by the Republic prior to the
commencement of each Floating Rate Interest Period. Once the Flip Option has been
exercised it cannot be reversed and will remain in force until the Maturity Date.
(e)
System is open;
(4)
The Calculation Agent shall inform the Agent of the Rate of Interest for each Floating
Rate Interest Period and the Agent shall, as soon as practicable after 11.00 a.m.
Page 7
(Brussels time) on each Interest Determination Date, but in no event later than the third
Business Day thereafter, determine the euro amount payable in respect of interest on the
Specified Denomination (the "Interest Amount") for the relevant Interest Period. Each
Interest Amount shall be determined by applying the Rate of Interest to the Specified
Denomination, multiplying the sum by the actual number of days in the Interest Period
concerned (such number of days being calculated on the basis of a year of 360 days
with 12 30-day months) divided by 360 and rounding the resultant figure to the nearest
cent (half a cent being rounded upwards).
(5)
Period.
(6)

of this Condition, whether by the Reference Banks (or any of them), the Calculation Agent or
the Agent, will (in the absence of wilful default, bad faith or manifest error) be binding on the
Republic, the Paying Agent and all Noteholders and Couponholders and (in the absence as
referred to above) no liability to the Republic or the Noteholders or the Couponholders shall
attach to the Agent in connection with the exercise or non-exercise by it of its powers, duties
and discretions under this Condition.
(7)
Changes in Agent and Calculation Agent
shall at all times be an Agent and a Calculation Agent for the purposes of the Notes and
the Republic may terminate the appointment of the Agent. In the event of the appointed
office of any bank being unable or unwilling to continue to act as the Agent or
Calculation Agent or failing duly to determine the Rate of Interest and the Interest
Amount for any Interest Period, the Republic shall appoint the Euro-zone office of
another major bank engaged in the Euro-zone interbank market to act in its place.
Neither the Agent nor the calculation Agent may resign its duties or be removed
without a successor having been appointed.
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on 13 July
Page 8
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Subject as provided below payments will be made in euro by cheque drawn on, or by
transfer to, a euro account maintained by the payee. Payments of principal and interest in
respect of the Notes will (subject as provided below) be made against presentation or
surrender of such Notes or Coupons, as the case may be, at any specified office of the
Paying Agent outside the United States. If any Notes are redeemed or become repayable
in accordance with these Conditions prior to the Maturity Date, principal will be payable
on surrender of each Note. All payments of interest and principal with respect to Notes
will be made outside the United States. Upon the due date for redemption of any Note all
unmatured Coupons relating to such Note (whether or not attached) shall become void
(i)
the relevant place of presentation;
(ii)
a day on which the TARGET System is operating; and
(iii)
a day (other than a Saturday or a Sunday) on which banks are open for general
business in London.
provided that it will, so long as any of the Notes is outstanding, maintain (i) a calculation
agent (which may be the Agent) and (ii) a Paying Agent (which may be the Agent) having
Page 9
a specified office in a leading financial centre in continental Europe which, so long as the
Notes are listed on the Luxembourg Stock Exchange and the rules of such exchange so
prior notice thereof shall have been given to the Noteholders in accordance with
appointed.
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
Page 10
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
Page 11
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
Page 12
(vii)
(viii)
(ix)
Notes;
(x)

(xi)
(xii)
respect of actions or proceedings brought by any holder based upon a Note; or
(xiii)

outstanding.
Page 13
of:
(i)
(ii)
(iii)
securing the Notes;
(iv)

(v)
(vi)
correcting in its opinion a manifest error of a formal, minor or technical nature; or
(vii)

entity.
relevant Noteholder must deposit its Notes with the Paying Agent and obtain two copies of an
acknowledgment of receipt (an Acknowledgment) signed and dated by the Paying Agent
and certifying the nominal amount of Notes so deposited. Any request so made, notice so
given or Written Resolution so signed by any Noteholder must be accompanied by an
Page 14
11.
NOTICES
(A)
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
AGENT, PAYING AGENTS AND CALCULATION AGENT
In acting under the Agency Agreement, the Agent, the Paying Agents and the Calculation
Agent will act solely as agents of the Republic and do not assume any obligations or
relationships of agency or trust to or with the Noteholders or Couponholders. The Agency
Agreement contains provisions for the indemnification of the Paying Agents and for relief
from responsibility in certain circumstances, and entitles any of them to enter into business
transactions with the Republic without being liable to account to the Noteholders or the
Couponholders for any resulting profit.
13.
FURTHER ISSUES
14.
(A)
Page 15
(B)
+ 44 20 7727 9934 as its agent for service of process in England, and undertakes that, in the
permitted by law.
15.
Page 16

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 17
the order of the Agent or Paying Agent as shall have been notified to the Noteholders for
such purpose. A record of each payment so made will be endorsed on the appropriate
schedule to the Permanent Global Note, which endorsement will be prima facie evidence
that such payment has been made in respect of the Notes.
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 18
USE OF PROCEEDS
The net proceeds from the issue of Notes, which will be Euro 250,000,000, will be used
GREEK TAXATION
Income.
ITALIAN LAW TAXATION

The following is a general description of certain Italian tax issues relating to the Notes
based on current law and practice in Italy. It does not purport to be a complete analysis of
all tax considerations relating to the Notes. It relates to the position of persons who are the
absolute beneficial owners of Notes and may not apply to certain classes of persons who
are dealers in securities. Prospective purchasers of Notes should consult their tax advisers
as to the consequences under the tax laws of the country in which they are resident for tax
purposes and the tax laws of Italy of acquiring, holding and disposing of Notes and
receiving payments of interest, principal and/or other amounts under the Notes. This
summary is based upon the law or practice as in effect on the date of this Offering Circular
and is subject to any change in law or practice that may take effect after such date.
The statements herein regarding taxation are based on the laws in force in the Republic of
Italy as of the date of this Offering Circular and are subject to any changes in law
occurring after that date (such changes could be made on a retroactive basis).
Page 19
1.
Withholding tax (imposta sostitutiva)
Article 2 of Legislative Decree No. 239 of 1 April 1996, as subsequently amended and
supplemented (the Decree 239), sets out the Italian withholding tax regime applicable to the
Notes.
1.1 Italian resident Noteholders
Pursuant to Article 2(1-bis) and Article 2(1-quater) of Decree 239, a substitute tax (imposta
sostitutiva) levied at the rate of 12.5 per cent. is currently applicable to interest, premiums and
any other proceeds in respect of the Notes (the Interest) if derived by Italian resident
beneficial owners of the Notes which are (i) individuals holding the Notes not in connection
with entrepreneurial activities, (ii) non commercial partnerships, (iii) non profit organisations,
(iv) Noteholders who are exempt from corporate income tax. The imposta sostitutiva is a final
tax and discharges any Italian income tax liabilities in respect of the Interest.
Pursuant to Article 2(2) of Decree 239 the imposta sostitutiva is levied by Italian resident
banks, investment companies (i.e. SIMs), fiduciary companies, brokers, Poste Italiane SpA,
asset management companies (i.e. SGRs) (the Qualified Intermediaries) which in any way
intervene (i) in the collection of the Interest or (ii) in the transfer of the Notes.
Pursuant to Article 7(3)(a) of Legislative Decree No. 461 of 21 November 1997 (the Decree
461), no imposta sostitutiva is applicable where an Italian resident individual Noteholder
holds the Notes in a discretionary investment portfolio managed by an Italian authorised
financial intermediary and opts to be taxed at the flat rate of 12.5 per cent. on the appreciation
of the investment portfolio accrued, even if not realised, at year-end (which appreciation
includes any Interest accrued on the Notes) pursuant to the so-called Asset Management
Option (Risparmio Gestito regime) set forth by the mentioned Article 7 of Decree 461.
Pursuant to Article 5(1) of the Decree 239, in respect of any Interest derived by an Italian
resident beneficial owner of the Notes who is an individual holding the Notes in connection
with entrepreneurial activities, the Interest must be included, on an accrual basis, in the
aggregate taxable business income of such Noteholder. As a consequence, the Interest will be
subject to personal income tax (IRE), at the applicable progressive rates, and the imposta
sostitutiva levied on the Interest will be creditable against IRE due by such Noteholder.
Pursuant to Article 5(2) of the Decree 239, no imposta sostitutiva is applicable on Interest
payable to Italian resident corporate entities or to Italian permanent establishments of foreign
corporations to which the Notes are effectively connected, provided that the Notes are timely
deposited with an authorised financial intermediary. Interest on the Notes must be included,
on an accrual basis, in the aggregate taxable income of the Noteholders for corporation tax
purposes (IRES). For certain categories of corporate Noteholders, Interest accrued on the
Notes must also be included in the net value of production subject to regional tax on
productive activities (IRAP).
Pursuant to Article 2(1-quarter) of Decree 239, no imposta sostitutiva is applicable on Interest
payable to Italian pension funds (provided by Decree No. 124 of 21 April 1993) and to Italian
collective investment funds, provided that the Notes are timely deposited with an authorised
financial intermediary. Interest on the Notes must be included in the calculation of the
management result of the fund accrued at year-end, which is subject to a substitute tax at the
rate of 11 per cent. in the case of pension funds (the Pension Funds Tax) or at the rate of
12.5 per cent. in the case of Italian collective investment funds (the Mutual Funds Tax).
Page 20
No imposta sostitutiva is applicable on Interest payable to Italian real estate investment funds,
which have timely deposited the Notes with an authorised financial intermediary. Italian real
estate investment funds established pursuant to Article 37 of Legislative Decree 24 February
1998, No. 58 are neither liable to IRES nor to IRAP pursuant to Article 6(1) of Law Decree
25 September 2001, No. 351. Said funds are not subject to any substitute taxation at the fund
level.
1.2 Non Italian resident Noteholders
No imposta sostitutiva nor withholding tax is applicable on Interest payable to non-Italian
resident Notheholders. Non-Italian resident Notheholders are not liable to income tax in Italy
in respect of the Notes pursuant to Article 23(1)(b) of Decree 22 December 1986, No. 917
(the Decree 917).
1.3 Early Redemption Tax
Without prejudice to the above provisions, in the event that the Notes, having an original
maturity of eighteen months or more, are subject to an early redemption within eighteen
months from the date of issue, the Qualified Intermediaries will levy an additional tax at the
rate of 20 per cent. in respect of interest and premium (if any) accrued between the date of
issue and the date on which the Notes are repaid, in accordance with the provisions of Article
26(3) of the Decree No. 600 of 29 September 1973.
The additional tax would be levied with respect to any Italian-resident Noteholders (i.e. even
with respect to resident corporate entities).
2.
Capital Gains on the sale or redemption of the Notes
2.1 Italian resident Noteholders

Pursuant to Article 5(2) of Decree 21 November 1997, No. 461 (the Decree 461), capital
gains on the sale or redemption of the Notes realised by Italian resident Noteholders which
are (i) individuals holding the Notes not in connection with entrepreneurial activities, (ii) non
commercial partnerships, (iii) non profit organisation are subject to an imposta sostitutiva
levied at the rate of 12.5 per cent. on the annual tax return unless (a) the Notes are held in a
discretionary investment portfolio managed by an Italian authorised financial intermediary
according to the rules of the so-called Asset Management Option (Risparmio Gestito
regime) or (b) the Notes are deposited with banks, investment companies (i.e. SIMs) or
certain other authorised financial intermediaries according to the rules of the Risparmio
Amministrato regime. According to the rules of the Risparmio Gestito regime, the
appreciation of the accrued investment portfolio, even if not realised, at year end (the
appreciation of which includes any capital gains on the Notes) is subject to an imposta
sostitutiva levied at the rate of 12.5 per cent. which is applied on behalf of the individual
Noteholder by the managing financial intermediary. According to the rules of the Risparmio
Amministrato regime, an imposta sostitutiva at the rate of 12.5 per cent. is levied, on behalf
of the individual Noteholder by the financial intermediary with which the Notes are
deposited, on capital gains realised on each sale for consideration or on the redemption of the
Notes.Capital gains on the sale or redemption of the Notes realised by Italian resident
corporate entities or by Italian permanent establishments of foreign corporations to which the
Notes are effectively connected, are not subject to any imposta sostitutiva or withholding tax
when realised and must be included in the aggregate taxable income of the Noteholders
subject to IRES. For certain categories of corporate Noteholders, capital gains realised on the
Notes must also be included in the net value of production subject to regional tax on
productive activities (IRAP).
Page 21
Capital gains on the sale or redemption of the Notes realised by Italian pension funds (subject
to the regime provided by Decree No. 24 of 21 April 1993) and by Italian collective
investment funds, are not subject to any imposta sostitutiva or withholding tax when realised
and must be included in the calculation of the management result of the fund accrued at year
end, which is respectively subject to Pension Funds Tax and to Mutual Funds Tax.
2.1 Non-Italian resident Noteholders
Given that the Notes will be listed, no imposta sostitutiva nor withholding tax is applicable on
capital gains realised on the sale or redemption of the Notes by non-Italian resident
Notheholders (also in the case where the Notes were held in Italy).
3.
Italian Transfer Tax (Tassa sui contratti di borsa) on the sale of the Notes
No Italian Transfer Tax applies to sales of Notes to the extent that the Notes are listed on
regulated markets and (i) the relevant transfers are executed in regulated markets, or (ii) the
relevant transfers are executed between banks and/or entities authorised to carry on
investment services in accordance with Italian law, or (iii) the relevant transfers are executed
between banks or entities authorised to carry on investment services in accordance with
Italian laws and non-resident persons or entities, (iv) the relevant transfers are executed
between collective investment schemes and banks and other entities, whether or not resident
in the Republic of Italy, authorised to carry on investment services in accordance with Italian
law.
4.
Italian Inheritance and Gift Tax
According to Law no. 383 dated 18 October 2001, Italian Inheritance and Gift Tax (Imposta
sulle successioni e donazioni) has been abolished with respect to inheritance acquired and
gifts made after 25 October 2001. However, gifts made to: (i) persons other than the spouse,
the direct descendants and the parenti fino al quarto grado (relatives within the fourth degree)
and (ii) for a value higher than 180,759.91 in respect of each beneficiary, shall be subject,
on the value exceeding such threshold, to the transfer taxes that would be applicable should
such transfer be made for consideration.
5.
Tax Monitoring
Pursuant to Law Decree no. 167 dated 28 June 1990, ratified and converted by Law no. 227
dated 4 August 1990, as amended, Italian resident individuals who, at the end of the year,
hold investments abroad or have financial activities abroad must, in certain circumstances,
disclose the aforesaid and related transactions to the tax authorities. This obligation does not
exist in cases where the overall value of the foreign investments or financial activities at the
end of the year, and the overall value of the transactions carried out during the relevant year,
do not exceed 12,500.
Page 22

HSBC Bank plc and Morgan Stanley & Co. International Limited (the Managers) have,
pursuant to a Subscription Agreement dated 12 July 2005 (the Subscription
Agreement), agreed with the Republic to subscribe and pay for the Notes at the issue
price of 100 per cent. of the principal amount of the Notes.
Agreement.
The offering of the Notes in Italy has not been registered with the Commissione Nazionale
per la Societa` e la Borsa (CONSOB) pursuant to Italian securities legislation and,
accordingly, the Notes cannot be offered, sold or delivered in the Republic of Italy (Italy)
nor may any copy of this Offering Circular or any other document relating to the Notes be
distributed in Italy other than to professional investors (operatori qualificati) as defined in
Article 31, second paragraph, of CONSOB Regulation No. 11522 of 1 July, 1998 as
subsequently amended. Any offer, sale or delivery of the Notes or distribution of copies of
this Offering Circular or any other document relating to the Notes in Italy must be made (a)
by an investment firm, bank or intermediary permitted to conduct such activities in Italy in
accordance with Legislative Decree No. 58 of 24 February 1998 and Legislative Decree No.
385 of 1 September 1993 (the Banking Act); (b) in compliance with Article 129 of the
Banking Act and the implementing guidelines of the Bank of Italy and (c) in compliance with
any other applicable laws and regulations and other possible requirements or limitations
which may be imposed by Italian authorities. The Notes cannot be offered, sold or delivered
on a retail basis, either in the primary or in the secondary market, to any individuals residing
in Italy.
Each of the Managers has represented and agreed that it has complied and will comply
with all applicable provisions of (i) the Financial Services and Markets Act 2000 and (ii)
the Legislative Decree no. 58 of 24 February 1998 and Counsel rules implementing such
decree and the Banking Act with respect to anything done by it in relation to the Notes in,
from or otherwise involving (i) the United Kingdom and (ii) Republic of Italy
respectively.
Page 23
GENERAL INFORMATION
1.
2187/94 of the Republic, as amended and supplemented by article 11 of Law 2628/98
of the Republic and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of
the Minister of Finance of the Republic.
2.
by the Directive) of the Luxembourg Stock Exchange and the MOT. As long as the
Notes are listed on the Luxembourg Stock Exchange, the Republic will maintain a
3.
XS0224227313.
4.
Paying Agent.
5.
Page 24
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
HSBC Bank plc
8 Canada Square
London E14 5HQ
Morgan Stanley & Co. International Limited

25 Cabot Square
Canary Wharf
London E14 4QA
AGENT AND
Citibank, N.A.
5 Carmelite Street
London EC4Y 0PA
PAYING AGENT
AND LISTING AGENT
Dexia Banque Internationale Luxembourg, socit anonyme
69, route d'Esch
L-2953 Luxembourg
CALCULATION AGENT
CCF
103, avenue des Champs-Elyses
75008 Paris
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
Page 25
18787
. 1333
21 2005
10
23.9.2005
(re-opening)
22.2.2005 20.7.2015. ..............................
10 (re-opening) 23.9.2005

20.7.2015.................................................................
....
. ........

(
) .. 209/1998 ......
ALPHA BEST OF STRATEGIES
ALPHA .........................................................
2
3
4
5

. 318/5/
1.8.2005
.... ........................................................ 7
. 322/2/
31.8.2005
.... ............................................................ 8
/
/
-/
-/
-/
--
. 2/49111/0023A
(1)
10
23.9.2005
(re-opening) 22.2.2005
20.7.2015.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994 ( 16/8.2.1994).
3. 5 12 . 2198/
1994 ,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997
( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 ( 16
/1999).
7. . 2842/27.9.2000
() 1103/97, 974/98 2866/98 ,
. ( 207/
/27.9.2000).
8. 37 . 3130/28.3.2003
( 76/) ....
9. . 2628/6.7.1998
(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

, , .
12. . 2/8578/0023/16.2.2005

22.2.2005 ,
, , 10 ,
20.7.2015.
18788
( )
13. . 14650/ 85/17.3.2004 ( 519/

/17.3.2004)

.
14. . 2/72511/0023/29.12.2004

. (
10 /12.1.2005).
15. . 899/16.9.2005
...., :

23.9.2005 re-opening (22.2.2005) , , , 10
, 20.7.2015.

1) , 23.9.2005
,
, (10) , 22.2.2005 20.7.2015.
2) 1.000 .
3)
3,70%
.
4) ,
. ( 1.400.000.000).
5) .
. 1.000, 365 366
. 23.9.2005
(re-opening) , 22.2.2005
23.9.2005 2
.
.
, ( 1.000) ,
3,70%
213/365 2,159178% %. 21,59.
6)
.

,
, . ,

T.A.R.G.E.T.
7)
(10%). .
. .
8)

.

1) (competitive auction multiple price auction)
, 20 2005, (....).
2)
, 5 . ( 5.000.000)
.

(
500.000).
3)
.
(clean
price).
4)

( 1.000).
5) ( ). , 20%
. . .

.
, 20
2005 12.00
.
6)
20 2005 12:45 ,
(....).
7) , ( 12:00 22 2005), ,
( )

20% .
,

.

.

12:45 22 2005, ().
8) ,
, ,
.
.
9) ' ,
80%
20%,
80% .
(re-opening) (22.2.2005).
11) (Stripping). (SIN) 22.2.2005.
12) .
13) ,
, .
14) ,
(....) (O.T.C.).
15)
.

23
2005 (), (5) , 30 2005, , , , -
,

(23.9.2005), , , , .
- .., (...)
18789
... (...).
, , ISIN
, ,
.
,

.
... .
,

ISIN () ISIN ( ), ,
... ...
ISIN B ,
, .
, , ISIN
.
, ,
. ,
,
.
.

2005
, '

.

.
, 19 2005

. 2/49112/0023A
(2)
10 (re-opening) 23.9.2005 20.7.2015.

:
1. 31 32 . 1914/1990

18790
( )
,
( 178/17.12.1990).
2. 1 . 2187/1994 ( 16/8.2.1994).
3. 5 12 . 2198/
1994 ,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997
( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000
() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/) ....
9. . 2628/6.7.1998
(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

, , .
12. . 2/8578/0023/16.2.2005

22.2.2005 ,
, , 10 ,
20.7.2015.
13. . 14650/ 85/17.3.2004 ( 519/
/17.3.2004)

.
14. . 899/16.9.2005
...., :
23.9.2005, (re-opening) (22.2.2005) , , ,
, 20.7.2015.

1) , ,
, , (10) ,
22.2.2005 20.7.2015.
2) , , -
,
(...), .
3) 1.000 ,
103,688% ,
20 2005, .
4) .
5)
3,70%
.
6) .
.
1.000,
365
366 {actual/actual(ISMA)}
.
. 23.9.2005
(re-opening) , 22.2.2005
23.9.2005 2
.
.
, ( 1.000) ,
3,70%
213/365 2,159178%.
21,59.
7)
.

,
, . ,

. A.R.G.E.T.
8)
.
.
9)

.
10) ISIN ,
,
.

1)
- .., , , ,
, .

19 2005 21 2005.
( )
2) :
... ,
... ,
...,
...,
, .
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
, ,
.
4)
, ,
.
. ..
.
5) ISIN ,
, .
6)
, , ISIN
.
,
.
,
.
(re-opening) 22.2.2005.
8)
, 0,15% ... 0,04%.

2005
, '

.

.
, 19 2005

18791
. .071/1/155734.1374
(3)
.

:
. 11 . 2292/1995 , .. ( 35/15.2.1995 .
), 2 . 2984/2002
( 15/31.1.2002 .).
. 13 . 2292/1995 , .. ( 35/15.2.1995 .
).
. . .071/1/355499/.114/8.1.2001////. -. ( 32/
18.1.2001 .), .071/9/
358881/.912/22.6.2001///. -.
/ ( 834/2.7.2001 .), . 071/32/
326641/. 351/4 Map 2002///. -.
/ ( 298/13.3.2002 .) .071/2/
95277/. 1314/21.9.2004 / (1552/
18.10.2004 .).
. . .010/163897/. 1258/12.3.2002/ /// -&
, , (
383/29.3.2002 .).
. 2 . 2 . 301/1976

.. ( 91/76 .).
. 90 ,
.. 63/2005 ( ~ 98) , :
1. () :
. 3
3 : 3.

().
. 8
1 : 1. (),
-
.
. 11
1 : 1. ()
- . .
. 14
(1) 2 : . /,
, .
(2) 3 : -
22037
. 1605
21 2005
. 56909
(1)
. 33409/1.7.2005 ( 963/.
/2005) 50248/10.10.2005 ( 1415/. /12.10.2005)
,
,

.
. 33409/1.7.2005 (
963/. /2005) 50248/10.10.2005 ( 1415/.
/12.10.2005)
,
,

. ...................

. .................

.
. 6 .
54913/26.3.1971 ( 263 )

...., ,
,
,
. 184694/1001/20.1.1976 ( 105
) 38876/133/22.3.1976 ( 479 ) . ..

... 2004. ...................
. 1040698/359125/0016/8.4.1997

... .. ... .........

()
. ..................................................................................................

. ..................................................................................................

. ..

, ,

..
1
2
3
8
9
10

,

:
1. 18 . 18 . 2503/1997
, , ,

(107/ . ).
2. 90
,
.. 63/2005
( 98 ).
3. . 38847/2003 ( 1354/. /22.9.2003)

, .
4.

, ,
, , ... .
5.

,
.
6. . 33409/1.7.2005 (. 963/. /2005)
50248/10.10.2005
, ,
, :
. 33409/1.7.2005 ( 963/
. /2005) 50248/10.10.2005 ( 1415/. /12.10.2005
,
,
22040
( )
A. 57309
(3)

.

,

:
:
) 19 . 3274/2004
...
( 195//19.10.2004),
) 18 . 18 . 2503/1997 ,
, ,

( 107//30.5.1997),
) . 793/3.2.2005
,
) .6655/29/ 159/8.3.2005
,
) . 537/3.2.2005 ,
)

,
,
) 16157/29.3.2005, 18175/7.4.2005 48234/
27.9.2005 , :
1. 16157/29.3.2005 (
434/. /5.4.2005)

,
,
.
2. . 16157/29.3.2005,
18175/7.4.2005 48234/27.9.2005 .

.
, 9 2005

F
A. . 2/60068/0094
(4)
. 6 . 54913/
26.3.1971 ( 263 )

...., ,
,
,
. 184694/1001/20.1.1976 (
105 ) 38876/133/22.3.1976 ( 479 ) .

:
1) :
) .. 754/1970
...., ,
,
,
) 90
,
.. 63/2005

( 98 )).
2) . 37930/ 1264/14.10.2005

( 1432 ).
3) ,
. 6 .
54913/26.3.1971 ( 263 )
, .
184694/1001/20.1.1976 ( 105 ) .
38876/133/22.3.1976 ( 479 ) .
4)
, :

(3.000,00)
. 6 . 54913/26.3.1971 ( 263 )
,
. 184694/1001/20.1.1976 ( 105 )
. 38876/133/22.3.1976 ( 479 ) .

.

.
, 7 2005

F
A. . 2/60301/0023
(5)

... 2004.

:
1. , 3 . 2458/1997
( 15//1997)
.
2. 31 32 . 1914/1990

,
.
3. 1 . 2187/1994 ( 16)

...
4. 5 12 . 2198/
1994 ( 43/22.3.1994)
,

( ).
5. 11 . 2459/1997
... ( 17//1997),
9
. 2579/1998.
6. . .34/244/8.2.1999 ( 120/18.2.1999)

2 3 . 2458/
1997 .
7. . 2021180/2981/0023/1997
( )

.. .
8. . 5055/106/2005

2004.
9. . 1012/5/17.2.2005 ,

,
2004.
10. . 2/4627/0023/25.1.2001
,
,
,.
11. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

, :

, ,
10.11.2005 10.11.2015,

( 424.967.000).

( 424.966.533,74)

( 424.967.000), ..
,
10.11.2005, 466,26.

2004,
3 . 2458/1997.
.
1.000
.

3,70 % .

.
1.000 (1.000 ),
365 366

10.11.2006
, .

.
,

T.A.R.G.E.T.

.

(10%).
.
22041

.
.

.

.

2005,
2015,

.

.
, 9 2005

F
A. 1105933/7764/0016
(6)
. 1040698/359125/0016/8.4.1997

... .. ...

:
1. . 4 106 . 2362/1995
( 247) ,
.
2. .. 356/1974
(....).
3. . 2024387/2870/0022/5.4.1990
. 9
24 . 1884/1990 ( 81/ 1990).
4. . 1040698/359125/0016/8.4.1997 ( 402)
.
5. . 14536/.507/19.5.2005
(....).
6. . 37930/ 1264/14.10.2005 (... 1432//
2005)

.
7.
, :
1. . 1040698/359125/0016/8.4.1997
( 402/16.5.1997)
,
.. (.. ..).
2.
.. (... ..)
... . , ...
... .., (
)
, ...,
... ..
...

.
, 8 2005

861
. 77
26 2006
18.1.2006
, , ,
, 20.7.2016. ...............................

.. .
2006...........................................................................................
. . ..............
. .

. ..............................................................
..
. 52847/
4/30.5.2005........................................................................................
. 52847/
4/30.5.2005........................................................................................

. ..........................................................................

....................
2
3
4
5
6
7
8
9
10

. .12.1/70408/
3/7.11.2005
. ....................................................... 11
. 2/1430/0023/
(1)
18.1.2006
, , ,
, 20.7.2016.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 .2187/1994
( 16/8.2.1994).
3. 5 12 .2198/
1994
,

( ) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998).
5. T 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999) ),
37 . 3130/2003 ( 76//2003).
6. 64, 90 91 .
2362/1995
( 247/
/27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
.
9. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
&
&
& .
10. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
11. . 2/70563/0023/27.12.2005
&

.
. . 33/11.1.2006,
..... :
18.1.2006
, , ,
862
( )
, 20.7.2016.
,

,

.
.
1.
, ,
18
2006 20 2007,
20.7.2016.
2. ,
,
,
(...),
.
3. 1.000.
4. (18.1.2006),
,
100,127%
5.
, 0,15%
.
6. ( ),
( 5.000.000.000) .
7. 3,60%,
, .
8. .

.
(1.000),

365 366 {actual/actual (ISMA)
.
.
20.7.2007
, .

18 2006 ()
20 2007 ( ).

, (
1.000), 3,60%.

1.000 54,05.
.

.
,

..R.G.E.T.
9.
,
8.
10.

(10%).
.

.
.
11.
.
12.
. , ,

(...), .
13.
& ,

,
.
14.
,
(....)
(..C.).
15.
(Stripping).

(ISINS).
16.
(Settlement) 18 2006,
.
17. ,

,
,
,
.

2006,
,
,

.

.
, 12 2006

F
. 5460/1
(2)

.. .
2006.

:
1. .. 414/1998 ( 291 /1998)

.
2. .
2006.
3.

2005 .. . 110 2435 2439
55.700.000.00 .
2767
. 222
14 2006
. . 2/8097/0025
(1)

,
9 2004
.

,
9 2004
. ..........

25.7.2025 31.1.2006..

19.5.1997 11.8.1997,
31.1.2006. .....................................................................................
, re
opening 14.2.2006
20.9.2037,

( 4.000.000.000.000)..................................................................

.

PROBANK
.. ..............................................................................................................

.. .............................................................................

. ............................................................

. ..............................................................................
2

. ...
1
2
4
5
7
8
9
10

. 125/2005

1918//30.12.2005. ................ 11

:
1. . 2322/1995 ( .143/1995).
2. . 8208/04/32/8.11.2005,
..
,

,
9 2004
.
3.
5 . 2322/1995 ( . .
3/12.1.2006),

.
4. . 37930/1264/14.10.2005 (
1432)

,
:

,
9 2004
,

2769
( )
(re opening) 3.2.2004
5.4.2004 , :
1. ,
, ISIN GR 03 38001 531,
25.7.2025, 2,90%

,
2005, :
(INDEX
RATIO)
NO
31.1.2006
5.200.000.000,00
118,00968
1.061,67
5.520.684.000,00

.

111.15484,
(unrevised) HICP
.
.

.
, 13 2006

F
A. 2/8260/0023
(3)

19.5.1997 11.8.1997,
31.1.2006.

:
1. 31 32 . 1914/1990

,
.
2. . 2021180/2981/0023/31.3.1997
,

( 286//1997).
3. 1 . 2187/1994
( 16/8.2.1994).
4. . 2033202/4582/13.5.1997

, .
5. 2033203/4583/0023/13.5.1997
2058194/7752/0023/7.8.1997

, , 19.5.1997
,
, 11.8.1997, .
6. . 2/88722/0023/31.12.2000
,
. 2/7512/0023/5.1.2001, ,
,
, ,
Bottom up.
7. . 2/26125/0023/2.5.2001

19.5.1997 11.8.1997

1999=100,0
,
, 19.5.1997
11.8.1997.
8. . 37930/ 1264/14.10.2005 (
1432 ) )

,
:
,
, ,
4%

, ,
2006, :
. 19.5.1997, ISIN GR 0324001 214
HME
31.1.2006
20.927.659,53
0,01
123,2
0,0134939759
28.239.733,33

0,01 ( )
31.1.2006,
,
19.5.1997 91,3,
10 .
. 11.8.1997, ISIN GR 0324002 220

31.1.2006
18.068.672,05
123,2
0,01
0,0131905782
23.833.623,16

0,01 ( )
31.1.2006,
,
11.8.1997 93,4,
10 .
.

.

.
, 13 2006

F
. 2/6904/0023
(4)
, re opening
14.2.2006
20.9.2037,
( 4.000.000.000.000).

:
1. 31 32 .1914/1990

2770
( )
,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198
/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247/27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628//6.7.1998

(...)
( 151/6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/11536/0023/2.3.2005

7.3.2005 ,
, , 32 ,
20.9.2037.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
14. . 2/70563/0023/27.12.2005

.
15. . 153/7.2.2006 ....,
:
, , re
opening 14.2.2006
20.9.2037,
( 4.000.000.000.000).

1) , 14.2.2006
,
, (32) ,
7.3.2005 20.9.2037.
2) ,
,
,
(...),
.
3) 1.000
.
4) ,
, 106,151%.
5)
4,50%
.
6) ,
( 4.000.000.000.000).
7) ,
0,275% .
8) .

.
1.000,
365 366
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,
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14.2.2006 2
.
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,
:
1

1. 1
2006
.
2.
31 2006
31 2007.
3. ,
,
OFFERING CIRCULAR

Euro 250,000,000
CMS - Linked Notes with Coupon Floor due 2021
The Euro 250,000,000 CMS - Linked Notes with Coupon Floor due 2021 (the Notes) of
The Hellenic Republic (the Republic) will bear interest from, and including, 19 April 2006
and interest will be payable semi-annually in arrear on each Interest Payment Date (see
Terms and Conditions of the Notes Interest). Payments of interest in respect of the Notes
will be made without deduction for or on account of Greek taxes, as described, and subject to
the exceptions set out, under Terms and Conditions of the Notes - Taxation.
The Notes will mature on the Interest Payment Date falling on 19 April 2021.
Directive 2003/71/EC (the Directive)) of the Luxembourg Stock Exchange.
Luxembourg) for credit on or about 19 April 2006 (the Closing Date) to the accounts of
the Common Depositary, not earlier than 29 May 2006 upon certification as to non-U.S.
Joint Lead Managers
Alpha Bank
Morgan Stanley
LB1172669/12
This Offering Circular constitutes a simplified prospectus for the purposes of Chapter 2 of
Part III of the Luxembourg Act dated July 10, 2005 on prospectus for securities. It does not
constitute a prospectus for the purposes of Article 5.4 of Directive 2003/71/EC (the
Prospectus Directive). This prospectus has not been, and will not be, submitted for approval
to any competent authority within the meaning of the Prospectus Directive.
Alpha Bank AE and Morgan Stanley & Co. International Limited (the Managers) have not
the Notes or their distribution.
LB1172669/12
Page 2
LB1172669/12
Page 3
TABLE OF CONTENTS
Page
Terms and Conditions of the Notes ......................................................................................... 4
Summary of provisions relating to the Notes while in global form ..................................... 17
Use of Proceeds ..................................................................................................................... 19
Greek Taxation ...................................................................................................................... 19
Subscription and Sale ............................................................................................................ 23
General Information .............................................................................................................. 24
LB1172669/12
Page 4

The Euro 250,000,000 CMS - Linked Notes with Coupon Floor due 2021 (the Notes)
are issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of Law
2187/94 of the Republic, as amended and supplemented by article 11 of Law 2628/98 of the
Republic, and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the Minister of
Finance of the Republic. Payments in respect of the Notes will be made pursuant to an
Agency Agreement (the Agency Agreement) dated 18 April 2006 and made between
the Republic, Citibank, N.A. as agent and paying agent (the Agent, which expressions
shall include any successor agent) and Dexia Banque Internationale Luxembourg, socit
anonyme as paying agent (together with the Agent, the Paying Agents, which
expression shall include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 18 April 2006 and made
by the Republic.
below).
1.
all purposes.
LB1172669/12
Page 5
2.
other unsecured and unsubordinated obligations of the Republic outstanding on 19 April
Condition 10).
3.
INTEREST
(1)
The Notes bear interest from and including 19 April 2006 (the Interest
Commencement Date) and interest will be payable semi-annually in arrear on 19
April and 19 October in each year (each an Interest Payment Date). The first Interest
Payment Date will be 19 October 2006. If any Interest Payment Date would otherwise
fall on a day which is not a Business Day payment of interest shall be postponed to the
next day which is a Business Day. For the avoidance of doubt, there will be no such
adjustment for interest accrual purposes. Interest will be payable in respect of each
Interest Period (which expression shall mean the period from and including the Interest
Commencement Date to but excluding the first Interest Payment Date and each
successive period from and including an Interest Payment Date to but excluding the
next succeeding Interest Payment Date).
LB1172669/12
Page 6
(2)
Interest Accrual
(3)
Rate of Interest
for each Interest Period will be determined by Morgan Stanley Capital Services (as may be
amended or replaced from time to time) the Determination Agent on the basis of the
following provisions:
(a)
The Rate of Interest payable in respect of each Interest Period will be calculated on
the basis of the following formula:
Rate of Interest = Interest Rate x
N
M
Subject to a minimum Rate of Interest of 0.00% per annum.

(b)
For the purposes of sub-paragraph (a) above:

(i)
Interest Rate means 6 month Euribor (determined as set out below) plus
one (1%) per cent;
(ii) N means the total number of calendar days in the Interest Period on which
the Index Closing Price equals or exceeds 0.00% for that calendar day;
(iii) M means the total number of calendar days in the Interest Period;
(iv) Index Closing Price means EUR CMS 10y EUR CMS 2y
(v)
EUR CMS 10y means the annual swap rate expressed as a percentage
for a EURIBOR interest rate swap transaction with a term equal to 10
years which appears on the Reuters screen ISDAFIX2 page at 11.00 a.m.
(Frankfurt Time) on the relevant date of determination;
(vi) EUR CMS 2y means the annual swap rate expressed as a percentage for
which appears on the Reuters screen ISDAFIX2 page at 11.00 a.m.
(Frankfurt Time) on the relevant date of determination; and
(vii)
LB1172669/12
if either EUR CMS 2y or EUR CMS 10y does not appear on the Reuters
Page ISDAFIX2 on a relevant date of determination, EUR CMS 2y or
EUR CMS 10y, as applicable, will be a percentage determined on the
basis of the mid-market annual swap rate quotations provided by the
Reference Banks at approximately 11.00 a.m. (Frankfurt Time) on that
relevant date of determination. The Determination Agent will request the
principal London office of each of the Reference Banks to provide a
Page 7
quotation and will take the arithmetic mean of the quotations, eliminating
the highest quotation (or, in the event of equality, one of the highest) and
the lowest (or, in the event of equality, one of the lowest). If three or less
than three quotations are provided, the arithmetic average will be
calculated using all quotations available. For this purpose, the midmarket annual swap rate means the arithmetic mean of the bid and
offered rate quotations for the annual fixed leg, calculated on an 30/360
day count basis, of a fixed-for-floating Euro denominated interest rate
swap transaction with a designated maturity of two years or of ten years
for EUR CMS 2y or EUR CMS 10y respectively, commencing on the first
day of the relevant Interest Period for a representative amount of EUR
250,000,000 with an acknowledged dealer of good credit in the swap
market, where the floating leg, calculated on an Actual/360 day count
basis is equivalent to EUR-EURIBOR-Telerate (as defined in the Annex
to the 2000 ISDA Definitions published by the International Swap and
Derivatives Association, Inc. (June 2000 version)), with a designated
maturity of twelve months.
dealers in the interbank market as chosen by the Determination Agent.
(c)
For the purposes of Condition 3(3)(b)(iv) above, in respect of each day which is not a
Business Day, the Index Closing Price will be the Index Closing Price for the
immediately preceding Business Day. Provided that the Index Closing Price for the
day which is five Business Days before any Interest Payment Date shall be the
applicable Index Closing Price for the period from that day to (but not including) that
(d)
For the purposes of these Terms and Conditions, 6 month Euribor will be set by the
Determination Agent or its duly appointed successor on each Interest Determination
Date (as defined below) by referencing the Screen Rate (as defined below) at
approximately 11.00 a.m. Frankfurt time on the Interest Determination Date in
question. If the Screen Rate is unavailable, the Determination Agent will request the
principal Euro-Zone office of each of the Euribor Reference Banks (as defined
below) to provide the Determination Agent with the rate at which deposits in euros
are offered by it to prime banks in the Euro-Zone interbank markets for six months at
approximately 11.00 a.m. Frankfurt time on the Interest Determination Date in
question.
(e)
System is open;
(iv) Euribor Reference Banks means each of the banks whose offered rates
would have been used for the purposes of the Screen Rate, failing which, the
principal Euro-Zone office of each of four major banks engaged in the
LB1172669/12
Page 8
Euro-Zone interbank market selected by the Determination Agent provided

that once a Euribor Reference Bank has first been selected by the
Determination Agent, that Euribor Reference Bank shall not be changed
unless and until it ceases to be capable of acting as such; and
appears on the Telerate page 248 (or such replacement page on that service
which displays the information).
(4)
The Determination Agent shall inform the Agent of the Rate of Interest for each Interest
Period at the end of such Interest Period. The Agent shall, as soon as practicable after
11.00 a.m. (Frankfurt time) on each Interest Determination Date, but in no event later
than the third Business Day thereafter, determine the euro amount payable in respect of
interest on the Specified Denomination (the "Interest Amount") for the relevant
Interest Period just past. Each Interest Amount shall be determined by applying the Rate
of Interest to the Specified Denomination, multiplying the sum by the actual number of
days in the Interest Period concerned (such number of days being calculated on an
Actual/Actual (ICMA) basis and rounding the resultant figure to the nearest cent (half a
cent being rounded upwards).
(5)
Period.
(6)

of this Condition, whether by the Reference Banks (or any of them), the Determination Agent
or the Agent, will (in the absence of wilful default, bad faith or manifest error) be binding on
the Republic, the Paying Agent and all Noteholders and Couponholders and (in the absence as
referred to above) no liability to the Republic or the Noteholders or the Couponholders shall
attach to the Agent in connection with the exercise or non-exercise by it of its powers, duties
and discretions under this Condition.
(7)
Changes in Agent and Determination Agent
shall at all times be an Agent and a Determination Agent for the purposes of the Notes
and the Republic may terminate the appointment of the Agent. In the event of the
appointed office of any bank being unable or unwilling to continue to act as the Agent
or Determination Agent or failing duly to determine the Rate of Interest and the Interest
Amount for any Interest Period, the Republic shall appoint the Euro-zone office of
LB1172669/12
Page 9
Neither the Agent nor the Determination Agent may resign its duties or be removed
without a successor having been appointed.
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on 19 April
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Subject as provided below payments will be made in euro by cheque drawn on, or by
transfer to, a euro account maintained by the payee. Payments of principal and interest in
respect of the Notes will (subject as provided below) be made against presentation or
surrender of such Notes or Coupons, as the case may be, at any specified office of the
Paying Agent outside the United States. If any Notes are redeemed or become repayable
in accordance with these Conditions prior to the Maturity Date, principal will be payable
on surrender of each Note. All payments of interest and principal with respect to Notes
will be made outside the United States. Upon the due date for redemption of any Note all
unmatured Coupons relating to such Note (whether or not attached) shall become void
(i)
the relevant place of presentation;
(ii)
a day on which the TARGET System is operating; and
(iii)
a day (other than a Saturday or a Sunday) on which banks are open for general
business in London.
LB1172669/12
Page 10
provided that it will, so long as any of the Notes is outstanding, maintain (i) a
Determination Agent and (ii) a Paying Agent (which may be the Agent) having a
specified office in a leading financial centre in continental Europe which, so long as the
Notes are listed on the Luxembourg Stock Exchange and the rules of such exchange so
prior notice thereof shall have been given to the Noteholders in accordance with
appointed.
6.
TAXATION
(a)

(b)
LB1172669/12
Page 11
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
LB1172669/12
Page 12
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
LB1172669/12
Page 13
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)

LB1172669/12
Page 14
outstanding.
of:
(i)
(ii)
(iii)
securing the Notes;
(iv)

(v)
(vi)
correcting in its opinion a manifest error of a formal, minor or technical nature; or
(vii)

LB1172669/12
Page 15
entity.
11.
NOTICES
(A)
newspaper of general circulation in Luxembourg or published on the website of the
Luxembourg Stock Exchange (www.bourse.lu). Such notice shall be deemed to have been
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
In acting under the Agency Agreement, the Agent and the Paying Agents will act solely as
to or with the Noteholders or Couponholders. The Agency Agreement contains provisions for
profit.
LB1172669/12
Page 16
13.
FURTHER ISSUES
14.
(A)
(B)
permitted by law.
15.
LB1172669/12
Page 17
LB1172669/12
Page 18

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
LB1172669/12
Page 19
3.
NOTICES
4.
5.
DEFAULT
payable.
LB1172669/12
Page 20
USE OF PROCEEDS
The net proceeds from the issue of Notes, which will be Euro 250,000,000, will be used
GREEK TAXATION
Income.
LB1172669/12
Page 21

Alpha Bank and Morgan Stanley & Co. International Limited (the Managers) have,
pursuant to a Subscription Agreement dated 18 April 2006 (the Subscription
Agreement), agreed with the Republic to subscribe and pay for the Notes at the issue
price of 100 per cent. of the principal amount of the Notes.
Agreement.
Each of the Managers has represented and agreed that it has complied and will comply
with all applicable provisions of the Financial Services and Markets Act 2000.
LB1172669/12
Page 22
GENERAL INFORMATION
1.
2187/94 of the Republic, as amended, (b) Law 2628/98 of the Republic and (c)
Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the Minister of Finance
of the Republic.
2.
by the Directive) of the Luxembourg Stock Exchange. As long as the Notes are listed
on the Luxembourg Stock Exchange, the Republic will maintain a Paying Agent
3.
XS0251384904.
4.
Paying Agent.
5.
6.
The Managers propose to offer the Notes from time to time for sale in negotiated
transactions, or otherwise, at varying prices to be determined at the time of each sale.
LB1172669/12
Page 23
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Alpha Bank AE
40 Stadiou Street
10252, Athens
Morgan Stanley & Co. International Limited

25 Cabot Square
Canary Wharf
London E14 4QA
AGENT AND
Citibank, N.A.
21st Floor, Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
PAYING AGENT
AND LISTING AGENT
Dexia Banque Internationale Luxembourg, socit anonyme
69, route d'Esch
L-2953 Luxembourg
DETERMINATION AGENT
Morgan Stanley Capital Services
1585 Broadway
New York 10036-8293
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
LB1172669/12
Page 24
8887
. 660
26 2006

. .................................................................

2006/2004
()
,

. .................................................................................

19.5.1997 11.8.1997,
30.4.20006. ...............................................................................

. ................................................................................
10
12.5.2006
(reopening)
18.1.2006 20.7.2016. ................................................
10
(reopening) 12.5.2006

20.7.2016..................................................................................................
,

.
. 2/24497/0022
(1)

.

:
1. . 1397/1983 (/1983 .).
2. . 2071/1992 ( 123/1992 .).

3. . 2519/1997 (165/1997 .).
4. 45 . 3205/2003 (
297/.).
5. 40 . 849/1978 (
232/) .
6. . 4/10610/2 ( 784/1997 .)

.
7. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

, .
8. . 530/2.12.2005
.
9.
2006
1.701.500

2006 .
10. . 3786/5 ( 608//26.4.2004)

, :

2006
, ,
(
)
1.1.2006 31.12.2006
:
) ,
(35) ( ).
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(26) ( ).

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,

,

.
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:
, ,
51
, .
, ,
51
.
, ,
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, , 52
.,
21.5.2006 26.5.2006 31.5.2006.
2.
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.
3.
.
.. .
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, ,

,
.

.

,
.

.

.
5.
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,
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907/052/2.7.2003 (878/2.7.2003 .).
6.
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.

.
, 8 2006

F
. 2/25575/0023
(5)
10
12.5.2006
20.7.2016.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1430/0023/12.1.2006

18.1.2006 ,
, , 10 ,
20.7.2016.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
14. . 2/70563/0023/27.12.2005

.
15. . 425/5.5.2006 ....,
:

12.5.2006 reopening
(18.1.2006)
, , ,
10 , 20.7.2016.

1) , 12.5.2006
,
, (10) ,
18.1.2006 20.7.2016.
2) 1.000
.
3)
3,60%
.
( )
4) ,
. (1.300.000.000).
5) .

.
1.000,
365
.
. 12.5.2006 (re
opening)
,
18.1.2006 12.5.2006
2 .
.
,
( 1.000) ,
3,60% 114/365
1,1243840%.
11,24.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)
(competitive auction multiple price auction)

, 9
2006,
(....).
2)
,
5
.
( 5.000.000)

.

(
500.000).
3)

.

(clean price).
4)

8891

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
9 2006 12.00
.
6)

9 2006
12:45 ,
(....).
7)
,
( 12:00
11 2006),
,

20%
.

,

.

.

12:45 11
2006, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(reopening)
(18.1.2006).
11)
(Stripping).
(SIN)
18.1.2006.
8892
( )
12)
.
13)
,

,
.
14)
,
(....)
(O.T.C.).
15)
.

12 2006 (),
(5) ,
19 2006, ,
, ,
,

(12.5.2006),
, ,
,
.

..,
(...)
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34 * 104 32 * . 210 52 79 000 * FAX 210 52 21 004
: http://www.et.gr e-mail: webmaster@et.gr
OFFERING CIRCULAR

Euro 100,000,000
Fixed to Floating Rate Capped Government Bonds due 2021
Bonds) of The Hellenic Republic (the Republic) will bear interest from, and including,
31 May 2006 and interest will be payable annually in arrear on each Interest Payment Date
(see Terms and Conditions of the Bonds Interest). Payments of interest in respect of the
Bonds will be made without deduction for or on account of Greek taxes, as described, and
subject to the exceptions set out, under Terms and Conditions of the Bonds - Taxation.
The Bonds will mature on the Interest Payment Date falling on 31 May 2021.
Application has been made to list the Bonds on the regulated market of the Luxembourg
Stock Exchange pursuant to Chapter 2 of Part III of the Loi relative aux prospectus pour
valeurs mobilires dated July 10, 2005 (the Luxembourg Prospectus Act).
The Bonds will be represented initially by a temporary global bond (the Temporary Global
Luxembourg) for credit on or about 31 May 2006 (the Closing Date) to the accounts of
global bond (the Permanent Global Bond), without interest coupons or talons, to be held
by the Common Depositary, not earlier than 10 July 2006 upon certification as to non-U.S.
Manager
Deutsche Bank
The date of this Offering Circular is 30 May 2006
Bonds. The Republic accepts responsibility accordingly.
Deutsche Bank AG, London Branch (the Manager) has not separately verified the
express or implied, is made and no responsibility or liability is accepted by the Manager as to
the accuracy or completeness of the information contained in this Offering Circular or any
other information provided by the Republic in connection with the Bonds or their distribution.
Republic or the Manager which would permit a public offering of the Bonds or distribution of
Bonds may not be offered or sold, directly or indirectly, and neither this Offering Circular
This Offering Circular fulfils the requirements for a simplified prospectus pursuant to
Chapter 2 of Part III of the Luxembourg Prospectus Act. It does not constitute a prospectus
pursuant to Part II of the Luxemburg Prospectus Act transforming Directive 2003/71/EC (the
Prospectus Directive) into law in Luxemburg. Accordingly, this Offering Circular does not
purport to meet the format and the disclosure requirements of the Prospectus Directive and
Commission Regulation (EC) No 809/2004 implementing the Prospectus Directive, and it has
not been, and will not be, submitted for approval to any competent authority within the
Page 2
meaning of the Prospectus Directive. The Bonds, issued pursuant to this Offering Circular,
will therefore not qualify for the benefit of the single European passport pursuant to the
Prospectus Directive.
Page 3
TABLE OF CONTENTS
Page
Terms and Conditions of the Bonds ........................................................................................ 5
Summary of provisions relating to the Bonds while in global form ..................................... 19
Use of Proceeds ..................................................................................................................... 21
Greek Taxation ...................................................................................................................... 21
Transfer Restrictions ............................................................................................................. 23
In connection with the issue of the Bonds, Deutsche Bank AG, London Branch (the
"Stabilising Manager") (or persons acting on behalf of the Stabilising Manager) may overallot Bonds (provided that the aggregate principal amount of Bonds allotted does not exceed
105 per cent. of the aggregate principal amount of the Bonds) or effect transactions with a
view to supporting the market price of the Bonds at a level higher than that which might
Page 4

Bonds) are issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of L.
2187/94, as in force, Laws 2628/98 (for the establishment of the Public Debt Management
Agency (PDMA)), 2682/99 and 3091/2002 and (b) Ministerial Decisions 2/44524/004 dated
16 June 1999 and published on 7 July 1999 of the Minister of Finance, 37930/ 1264/14
October 2005 of the Prime Minister and the Minister of Economy and Finance and
238/0094/3 January 2005 of the Minister of Economy and Finance. Payments in respect of the
Bonds will be made pursuant to an Agency Agreement (the Agency Agreement) dated 30
May 2006 and made between the Republic, Deutsche Bank AG, London Branch as fiscal and
paying agent and agent bank (the Agent, which expression shall include any successor
agent) and Deutsche Bank Luxembourg S.A. as paying agent (the Paying Agent, together
with the Agent, the Paying Agents, which expression shall include any successor paying
agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 30 May 2006 and made
by the Republic.
Bondholders and the Couponholders are deemed to have notice of, and are entitled to the
below).
1.
The Bonds are in bearer form and in the denomination of Euro 1,000 (the Specified
Denomination). Any definitive Bonds are issued with interest coupons for the payment
Republic and each of the Paying Agents may deem and treat the bearer of any Bond or
all purposes.
Page 5
2.
other unsecured and unsubordinated obligations of the Republic outstanding on 31 May
long as any Bond remains outstanding, the Republic shall not create or permit to subsist any
assets to secure any External Indebtedness, unless the Bonds shall also be secured by such
such other security as may be approved by an Extraordinary Resolution of the Bondholders
(as described in Condition 10).
3.
INTEREST
(1)
The Bonds bear interest from and including 31 May 2006 (the Interest
Commencement Date) and interest will be payable annually in arrear on 31 May in
each year (each an Interest Payment Date). The first Interest Payment Date will be 31
May 2007. If any Interest Payment Date would otherwise fall on a day which is not a
Business Day the Interest Payment Date itself remains unadjusted but the payment of
the Interest Amount shall be postponed to the next day which is a Business Day and the
Bondholder shall not be entitled to additional interest or any other additional payment
in respect of such day. Interest will be payable in respect of each Interest Period (which
expression shall mean the period from and including the Interest Commencement Date
Page 6
to but excluding the first Interest Payment Date and each successive period from and
including an Interest Payment Date to but excluding the next succeeding Interest
Payment Date). The Interest Periods commencing on the Interest Commencement Date to
but excluding the Interest Payment Date falling on 31 May 2008 is the Fixed Rate Interest
Period. Each subsequent Interest Period is a Floating Rate Interest Period.
(2)
Interest Accrual
Each Bond will cease to bear interest from and including its due date for redemption unless,
upon due presentation, payment of the principal in respect of the Bond is improperly withheld
respect of such Bond have been paid; and five days after the date on which the full amount of
the moneys payable in respect of such Bonds has been received by the Agent and notice to
that effect has been given to the Bondholders in accordance with Condition 11.
(3)
Rate of Interest
The rate of interest payable from time to time in respect of the Bonds (the Rate of Interest)
(a)
The Rate of Interest payable in respect of each Fixed Rate Interest Period will be 6 %
per annum.
(b)
The Rate of Interest applicable to each Floating Rate Interest Period will be as
follows:
Interest which will be 110% of Eur CMS 10y (expressed as a percentage
rate per annum) (provided that the maximum Rate of Interest will be 10
times the sum of (Eur CMS 10y Eur CMS 2y), and the minimum Rate of
Interest will be 0.00%);
EUR CMS 10y means the annual euro swap rate transaction with a
maturity of ten years, expressed as a percentage, which appears on the
Reuters screen ISDAFIX2 page at 11.00 am (Frankfurt Time) on the
Interest Determination Date;
EUR CMS 2y means the annual euro swap rate transaction with a
maturity of two years, expressed as a percentage, which appears on the
Reuters screen ISDAFIX2 page at 11.00 am (Frankfurt Time) on the
Interest Determination Date; and
Determination Date. The Agent will request the principal London office of
each of the Reference Banks to provide a quotation and will take the
arithmetic mean of the quotations, eliminating the highest quotation (or, in
the event of equality, one of the highest) and the lowest (or, in the event of
Page 7
equality, one of the lowest). If three or less than three quotations are
provided, the arithmetic average will be calculated using all quotations
available. For this purpose, the mid-market annual swap rate means the
arithmetic mean of the bid and offered rate quotations for the annual fixed
leg, calculated on 30/360 day count basis, of a fixed-for-floating Euro
denominated interest rate swap transaction with a designated maturity of
two years or of ten years for EUR CMS2y or EUR CMS10y respectively,
commencing on the first day of the relevant Interest Period for a
representative amount of EUR 100 million with an acknowledged dealer of
good credit in the swap market, where the floating leg, calculated on an
(c)
For the interest period commencing on 31 May 2020 and ending on 31 May 2021 the
Bond in the event that the Cumulative Coupon is less than the Global Floor. The
additional interest amount payable shall be the Global Floor minus the Cumulative
Coupon where:
Global Floor means, in respect of each Bond, 30 % of its nominal value; and
Cumulative Coupon means, in respect of each Bond, the sum of all interest paid
from and including the first Interest Payment Date up to and including the amount
payable in respect of the Floating Rate Interest Period commencing on 31 May 2020
and ending on 31 May 2021 (all as a percentage of the principal amount of the
Bonds).
For the avoidance of doubt should the Cumulative Coupon exceed the Global Floor
(d)
System is open;
(4)
The Agent shall, as soon as practicable after 11.00 a.m. (Frankfurt time) on each
Interest Determination Date, but in no event later than the third Business Day
thereafter, determine the euro amount payable in respect of interest on the Specified
Denomination (the "Interest Amount") for the relevant Interest Period. Each Interest
Page 8
Amount shall be determined by applying the Rate of Interest to the Specified

concerned (such number of days being calculated on the basis of a year of 360 days
with twelve 30-day months) divided by 360 and rounding the resultant figure to the
nearest cent (half a cent being rounded upwards).
(5)
notified to the Republic and to any stock exchange on which the Bonds are at the
Period.
(6)

Agent and all Bondholders and Couponholders and (in the absence as referred to above) no
liability to the Republic or the Bondholders or the Couponholders shall attach to the Agent in
this Condition.
(7)
Agent
The Republic will procure that so long as any of the Bonds remains outstanding there
shall at all times be an Agent for the purposes of the Bonds and the Republic may
market to act in its place.
4.
(1)
Final Redemption
will be redeemed at their principal amount on the Interest Payment Date falling on
31 May 2021 (the Maturity Date).
(2)
Purchases
Page 9
(3)
Cancellation
5.
PAYMENTS
of such Bonds or Coupons, as the case may be, at any specified office of the Paying
Agent outside the United States. If any Bonds are redeemed or become repayable in
Condition 8) a day on which the TARGET System is operating.
The name of the initial Agent and the initial Paying Agent and each of their initial specified
the appointment of the Paying Agent and to appoint additional or other Paying Agents
will, so long as any of the Bonds is outstanding, maintain (i) an agent bank (which may be
the Agent) and (ii) a Paying Agent (which may be the Agent) having a specified office in
a leading financial centre in continental Europe which, so long as the Bonds are listed on
Luxembourg, termination or change shall only take effect (other than in the case of
thereof shall have been given to the Bondholders in accordance with Condition 11 and
Page 10
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT
Page 11
(a)
(b)

(c)

or
(d)

(e)
Bonds,
8.
PRESCRIPTION
9.
Page 12

10.

at any time upon the request in writing of the holder or holders of ten per cent. or more in
(i)
(ii)
Bonds;
(iii)
(iv)
Bonds;
(v)
(vi)
shorten the period during which the Republic is not permitted to redeem Bonds, or
permitted to do so;
(vii)
(viii)
(ix)
Bonds;
(x)

(xi)
Page 13
(xii)
respect of actions or proceedings brought by any holder based upon a Bond; or
(xiii)

75 per cent. of the aggregate principal amount of the Bonds for the time being
outstanding or not less than 50 per cent. of the aggregate principal amount of the Bonds
for the time being outstanding at any adjourned meeting.
Bondholders or by Written Resolution and will be binding on all the Bondholders
(whether or not they are present at such meeting and whether or not may sign the Written
outstanding.
of:
(i)
(ii)
(iii)
securing the Bonds;
(iv)

(v)
(vi)
Page 14
(vii)

acceleration of the Bonds, any Bonds that the Republic owns or controls directly or indirectly
entity.
relevant Bondholder must deposit its Bonds with the Paying Agent and obtain two copies of
an acknowledgment of receipt (an Acknowledgment) signed and dated by the Paying
Agent and certifying the nominal amount of Bonds so deposited. Any request so made,
notice so given or Written Resolution so signed by any Bondholder must be accompanied by
an Acknowledgment issued to the Bondholder. Bonds so deposited will not be released until
the earlier of (i) the thirtieth day after the date of deposit and (ii) the request, notice or Written
11.
NOTICES
(A)
listed on the regulated market (as contemplated by the Prospectus Directive) of the
Luxembourg Stock Exchange and the rules of that exchange so require, in the Tageblatt or
any other daily newspaper of general circulation in Luxembourg. Such notice shall be deemed
to have been given on the date of such publication in the relevant newspaper or, if published
more than once, on the date of the first such publication. If publication is not practicable in
any such newspaper as is mentioned above, notices will be valid if given in such other
manner, and shall be deemed to have been given on such dates, as the Agent shall
determine. Couponholders shall be deemed for all purposes to have notice of the contents
of any notice given to the Bondholders in accordance with this Condition 11.
(B)
Notices to the Republic to be given by any holder of the Bonds shall be in writing and
given by lodging the same, together with the relative Bond or Bonds, with the Agent. A copy
Page 15
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
to or with the Bondholders or Couponholders. The Agency Agreement contains provisions for
profit.
13.
FURTHER ISSUES
or Couponholders to create and issue further bonds having terms and conditions the same
14.
(A)
The Agency Agreement, the Bonds and the Coupons are governed by, and shall be
(B)
Page 16
permitted by law.
15.
Page 17

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 18
Bond to or to the order of the Agent or Paying Agent as shall have been notified to the
Bondholders for such purpose. A record of each payment so made will be endorsed on the
appropriate schedule to the Permanent Global Bond, which endorsement will be prima
facie evidence that such payment has been made in respect of the Bonds.
3.
NOTICES
accountholders.
4.
5.
DEFAULT
payable.
Page 19
USE OF PROCEEDS
The net proceeds from the issue of Bonds, which will be Euro 100,000,000, will be used
GREEK TAXATION
[Stratigis to confirm that this wording is up to date]
Income.
Page 20

Deutsche Bank AG, London Branch (the Manager) has, pursuant to a Subscription
Agreement dated 30 May 2006 (the Subscription Agreement), agreed with the
Republic to subscribe and pay for the Bonds at the issue price of 100 per cent. of the
principal amount of the Bonds.
U.S. persons. The Managers have agreed that it will not offer, sell or deliver any Bonds
Agreement.
The Managers has represented and agreed that it has complied and will comply with all
applicable provisions of the Financial Services and Markets Act 2000 with respect to
anything done by it in relation to the Bonds in, from or otherwise involving the United
Kingdom.
Page 21
GENERAL INFORMATION
1.
The issue of the Bonds has been duly authorised pursuant to (a) article 1 of L.
2187/94, as in force, Laws 2628/98 (for the establishment of the Public Debt
Management Agency (PDMA)), 2682/99 and 3091/2002 and (b) Ministerial
Decisions 2/44524/004 dated 16 June 1999 and published on 7 July 1999 of the
Minister of Finance, 37930/ 1264/14 October 2005 of the Prime Minister and
the Minister of Economy and Finance and 238/0094/3 January 2005 of the Minister
of Economy and Finance.
2.
Application has been made to list the Bonds on the regulated market of the
Luxembourg Stock Exchange pursuant to Chapter 2 of Part III of the Luxembourg
Prospectus Act.
3.
XS0255739350.
4.
Paying Agent.
5.
Page 22
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Winchester House
London EC2N 2DB
AGENT,
AND AGENT BANK
Winchester House
London EC2N 2DB
PAYING AGENT
AND LISTING AGENT
2, Boulevard Konrad Adenauer
L-1115 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
Page 23
9339
. 695
6 2006
. . 8901
(1)
17 . 3386/2005

..
PEGASUS AVIATION.
17 .
3386/2005

.. PEGASUS AVIATION..........................

....................................................................................................... 2

24.5.2006 20.8.2011............................... 3

. ........... 4
1 /66580/3.8.2005 (... 1108/
4.8.2005 )
:

(.....) ........... 5

. ................................................................ 6
,

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,
2006........................................................................................... 7
,

, 2006................................. 8

86351/ 2005 ( 1461) ......... 9
.
............................................................................................................. 10

:
1. 90 . 3 . 3386/2005
( 212//23.8.2005), ,

.
2. 90 .. 63/2005

( 98/).
3.

PEGASUS AVIATION .
7866/6.9.2001
.
4. . /1//12241/2816/18.3.2004

PEGASUS
AVIATION.
5. . /.1/2/6139/23.3.2004

, ,
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,
( 527/).
6.

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PEGASUS AVIATION,
,
,

. /1//12241/2816/18.3.2004
.
2.
, . 1 54
. 3386/2005, ,

.
3.
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. 15851/05/30.11.2005
,
,
,
, .
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.

.
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F
. 2/24689/0022
(2)

.

:
. :
1. 15 55 . 2519/1997 ( 165/
/21.8.1997)
,
,
.
2. 8, 9, 11 13 . 3205/2003 (
297/./23.12.2003)
, , ,

,
.
3. 40 . 849/1978

8 . 2129/1993 ( 59).
4. 22 . 3 . 2362/1995
,
( 247/./27.11.1995).
5. 27 . 2081/92 ( 154/92 .)
29 . 1558/1985 (
137//1985)
1 . 2469/97

( 38/./97).
6. 2 . 2530/1997 ( 218//23.10.1997)

(......)

.
7. . 37930/ 1264 ( 1432//14.10.2005)

.

,
(840.000) ,

(840.000) ,

(4.200.000),

, :
.
, (
,
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, ,

, :
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715
.
65
.
110
.
110
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.

.

.
, 17 2006

F
. 2/27162/0023
(3)

24.5.2006 20.8.2011.

:
1. 31 32 . 1914/90

( )
,
( 178/17.12.1990).
2. 1 .2187/94
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17 A/18.2.1997),
9 . 2579/98).
5. 15 . 2628/1998 (
151 // 1998), 31 . 2682 /99
( 16 / 99) ), 37
. 3130/2003 ( 76 //2003).
6. 64, 90 91 . 2362/95

( 247 // 27.11.1995).
7. . 2628/6.7.98

(....)
( 151 /6.7.1998).
8. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
9. . 2/4627/0023/25.1.2001
,
,
.
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&
&
& .
11. . 2/70563/0023 /27.12.2005
&

(
1924 / 30.12.2005).
. . 451/12.5.2006,
...., :
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, 20.8.2011.
,

,

.
.
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24 2006
20 2007 (long coupon),
20.8.2011.

2. ,
,
,
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.
3. 1.000.
4. (24.5.2006),
, 99,946%
5.
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.
6. ( ),
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7. 3,90%,
, .
8. .

.
( 1.000),

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.
.
20.8.2007
, .

24 2006 ()
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,
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1.000 48,40.
.

.
,

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8.
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(10%).
.

.
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.
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(ISINS).
16.
.
17. ,

,
,
,
.

2006,
,
,

.

.
, 17 2006

F
. 4./// 8711
(4)

.

:
1) 1 145
. 2594/1998
( 62).
2) 2 46
. 2362/1995 ,
( 247).
3) 90
,
.. 63/2005
( 98).
4) . 14650/ 85/17.3.2004

(
519).
5) . 10946/640//6.2.1976

10.000.
.
6) . 152039/8190/3.11.1977

5.000. .
7) . 140581/8538/8.11.1979

1.470. .
8) . 139914/7427/19.11.1980

2.940. .
9) . 92832/4611/13.8.1982

3.440. .
10) . ...085.3/38/ 489/15.9.2002

,
, ,

2,35 .
11) 7.12.2005

(10).
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.
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, 3.440 ,
.
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)
10.000 . .
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,

.
3.
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) .
.

.
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, 4.11.2005
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,
. 8.3.2006

,
OFFERING CIRCULAR

Euro 150,000,000
(with option to switch to floating rate)
The Euro 150,000,000 Fixed to CMS Spread Linked Notes due 2021 (with option to switch to
floating rate) (the Notes) of The Hellenic Republic (the Republic) will bear interest
from, and including, 9 June 2006 and interest will be payable semi-annually in arrear on each
Interest Payment Date (see Terms and Conditions of the Notes Interest). Payments of
interest in respect of the Notes will be made without deduction for or on account of Greek
taxes, as described, and subject to the exceptions set out, under Terms and Conditions of the
Notes - Taxation.
The Notes will mature on the Interest Payment Date falling on 9 June 2021.
Application has been made to list the Notes on the regulated market of the Luxembourg Stock
Exchange pursuant to Chapter 2 of Part III of the Loi relative aux prospectus pour valeurs
mobilires dated July 10, 2005 (the Luxembourg Prospectus Act).
Luxembourg) for credit on or about 9 June 2006 (the Closing Date) to the accounts of
the Common Depositary, not earlier than 19 July 2006 upon certification as to non-U.S.
BNP PARIBAS
NBG International
The date of this Offering Circular is 8 June 2006
BNP Paribas, EFG Eurobank Ergasias and NBG International Limited (the Arrangers)
and BNP Paribas, EFG Eurobank Ergasias S.A. and National Bank of Greece S.A. (the
LB1189335/12
Page 2
meaning of the Prospectus Directive. The Notes, issued pursuant to this Offering Circular,
LB1189335/12
Page 3
TABLE OF CONTENTS
Page
Use of Proceeds ..................................................................................................................... 20
Greek Taxation ...................................................................................................................... 20
Transfer Restrictions ............................................................................................................. 22
In connection with the issue of the Notes, BNP Paribas (the "Stabilising Manager") (or
persons acting on behalf of the Stabilising Manager) may over-allot Notes (provided that the
aggregate principal amount of Notes allotted does not exceed 105 per cent. of the aggregate
principal amount of the Notes) or effect transactions with a view to supporting the market
price of the Notes at a level higher than that which might otherwise prevail. However, there is
no assurance that the Stabilising Manager (or persons acting on behalf of a Stabilising
Manager) will undertake stabilisation action. Any stabilisation action may begin on or after
the date of this Offering Circular and, if begun, may be ended at any time, but it must end no
later than 30 days after the Closing Date.
LB1189335/12
Page 4

The Euro 150,000,000 Fixed to CMS Spread Linked Notes due 2021 (with option to switch
to floating rate) (the Notes) are issued by The Hellenic Republic (the Republic)
pursuant to (a) article 1 of L. 2187/94, as in force, Laws 2628/98 (for the establishment of the
Public Debt Management Agency (PDMA)), 2682/99 and 3091/2002 and (b) Ministerial
Decisions 2/44524/004 dated 16 June 1999 and published on 7 July 1999 of the Minister of
Finance, 37930/ 1264/14 October 2005 of the Prime Minister and the Minister of
Economy and Finance and 238/0094/3 January 2005 of the Minister of Economy and
Finance. Payments in respect of the Notes will be made pursuant to an Agency
Agreement (the Agency Agreement) dated 8 June 2006 and made between the
Republic and BNP Paribas Securities Services, Luxembourg Branch as fiscal and paying
agent and agent bank (the Agent, which expression shall include any successor agent).
benefit of a Deed of Covenant (the Deed of Covenant) dated 8 June 2006 and made by
the Republic.
them.
below).
1.
purposes.
LB1189335/12
Page 5
may be.
2.
other unsecured and unsubordinated obligations of the Republic outstanding on 9 June
3.
INTEREST
(1)
The Notes bear interest from and including 9 June 2006 (the Interest Commencement
Date) and interest will be payable semi-annually in arrear on 9 June and 9 December
in each year (each an Interest Payment Date). The first Interest Payment Date will fall in
December 2006. If any Interest Payment Date would otherwise fall on a day which is
not a Business Day it shall be postponed to the next day which is a Business Day (for
the benefit of the doubt the Noteholder shall not be entitled to any additional interest or
other additional payment in respect of any such change to the Interest Payment Date).
Interest will be payable in respect of each Interest Period (which expression shall mean
the period from and including the Interest Commencement Date to but excluding the
first Interest Payment Date and each successive period from and including an Interest
LB1189335/12
Page 6
Payment Date to but excluding the next succeeding Interest Payment Date). The Interest
Periods commencing on the Interest Commencement Date to but excluding the Interest
Payment Date falling in June 2008 are each a Fixed Rate Interest Period and Interest
Periods commencing on the Interest Payment Date falling in June 2008 to but excluding the
Interest Payment Date falling in June 2021 are each a Floating Rate Interest Period.
(2)
Interest Accrual
(3)
Rate of Interest
(a)
The Rate of Interest payable in respect of each Fixed Rate Interest Period will be 6%
per annum.
(b)
Interest Period will be as follows:
Interest by reference to the following formula:
13 times (USD CMS10y USD CMS2y)
Subject to a minimum of 0.00% and a maximum of 7.00%
USD CMS 10y means the rate for U.S. dollar swaps with a term equal to
10 years which appears on the Reuters screen ISDAFIX1 page under the
heading 10YR at 11.00 am New York Time two business days prior to
the first day of each Interest Period; and
USD CMS 2y means the rate for U.S. dollar swaps with a term equal to 2
years which appears on the Reuters screen ISDAFIX1 page under the
heading 2YR at 11.00 am New York Time two business days prior to the
first day of each Interest Period;
(iii) if either USD CMS2y or USD CMS10y does not appear on the Reuters
Page ISDAFIX1 two business days prior to the first day of each Interest
Period, USD CMS2y or USD CMS10y, as applicable, will be a percentage
determined on the basis of the mid-market annual swap rate quotations
provided by the Reference Banks at approximately 11.00 a.m. New York
Time two business days prior to the first day of each Interest Period. The
Agent will request the principal London office of each of the Reference
Banks to provide a quotation and will take the arithmetic mean of the
LB1189335/12
Page 7
quotations, eliminating the highest quotation (or, in the event of equality,

one of the highest) and the lowest (or, in the event of equality, one of the
lowest). If three or less than three quotations are provided, the arithmetic
average will be calculated using all quotations available. For this purpose,
the mid-market annual swap rate means the arithmetic mean of the bid
and offered rate quotations for the annual fixed leg, calculated on 30/360
day count basis, of a fixed-for-floating USD denominated interest rate swap
transaction with a designated maturity of two years or of ten years for USD
CMS2y or USD CMS10y respectively, commencing on the first day of the
relevant Interest Period for a representative amount of EUR 150,000,000
with an acknowledged dealer of good credit in the swap market, where the
floating leg, calculated on an Actual/360 day count basis is equivalent to
LIBOR-Telerate (as defined in the Annex to the 2000 ISDA Definitions
published by the International Swap and Derivatives Association, Inc. (June
2000 version)), with a designated maturity of six months.
(c)
The Republic shall be entitled, by not less than 5 Business Days notice to the
Noteholders and Agent, to elect that the Rate of Interest payable on an Interest
Payment Date (being an Interest Payment Date falling in June 2008 or thereafter) in
respect of the relevant preceding Interest Period and all subsequent Interest Periods
(which election shall be irrevocable) shall be determined in accordance with this
paragraph (c) as follows:
(i) on each Interest Determination Date (as defined below) following such
election, for each Interest Period, the Agent will determine the Screen Rate
(as defined below) at approximately 11.00 a.m. (CET) on the Interest
Determination Date in question. If the Screen Rate is unavailable, the Agent
will request the principal Euro-zone office of each of the Reference Banks
(as defined below) to provide the Agent with the rate at which deposits in
euros are offered by it to prime banks in the Euro-zone interbank market for
six months at approximately 11.00 a.m. (CET) on the Interest Determination
Date in question.
(ii) the Rate of Interest for the Interest Period shall be the Screen Rate plus 0.30
per cent. or, if the Screen Rate is unavailable, and at least two of the
Reference Banks provide such rates, the arithmetic mean (rounded if
necessary to the fifth decimal place, with 0.000005 being rounded upwards)
as established by the Agent of such rates, plus 0.30 per cent.
(iii) if fewer than two rates are provided as requested, the Rate of Interest will be
the arithmetic mean of the rates quoted by major banks in London, selected
by the Agent, at approximately 11.00 a.m. (CET), on the first day of such
Interest Period for loans in euros to leading banks for a period of six months
commencing on the first day of such Interest Period plus 0.30 per cent. If
the Rate of Interest cannot be determined in accordance with the above
provisions, the Rate of Interest shall be as determined on the last preceding
Interest Determination Date.
For the purposes of this paragraph (c), "Reference Banks" means each of the banks
whose offered rates would have been used for the purposes of the Screen Rate or,
failing which, the principal Euro-zone office of each of four major banks engaged in
LB1189335/12
Page 8
the Euro-zone interbank market selected by the Agent provided that once a Reference
Bank has first been selected by the Agent, that Reference Bank shall not be changed
unless and until it ceases to be capable of acting as such.
(d)
System is open;
(iii "Interest Determination Date" means the date which is two Business Days
(iv) "Screen Rate" means the annual rate for deposits in euros for six months
which appears on the Reuters Page EURIBOR01 at 11.00 am (CET) on the
Interest Determination Date (or such replacement page on that service which
displays the information).
(4)
(5)
(6)

this Condition.
LB1189335/12
Page 9
(7)
Agent
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on 9 June
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
LB1189335/12
Page 10
(i)
(ii)
6.
TAXATION
(a)

(b)
LB1189335/12
Page 11
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

LB1189335/12
Page 12
(e)
Notes,
8.
PRESCRIPTION
9.
10.

(i)
LB1189335/12
Page 13
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
(ix)
Notes;
(x)

(xi)
change the governing law provision of the Notes; or
(xii)
(xiii)

LB1189335/12
Page 14
outstanding.
of:
(i)
(ii)
(iii)
securing the Notes;
(iv)

(v)
(vi)
(vii)

LB1189335/12
Page 15
entity.
11.
NOTICES
(A)
listed on the regulated market of the Luxembourg Stock Exchange and the rules of that
exchange so require, in the dWort or any other daily newspaper of general circulation in
Luxembourg. Such notice shall be deemed to have been given on the date of such publication
in the relevant newspaper or, if published more than once, on the date of the first such
publication. If publication is not practicable in any such newspaper as is mentioned above,
notices will be valid if given in such other manner, and shall be deemed to have been given
on such dates, as the Agent shall determine. Couponholders shall be deemed for all
purposes to have notice of the contents of any notice given to the Noteholders in
accordance with this Condition 11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
AGENT
LB1189335/12
Page 16
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
permitted by law.
15.
LB1189335/12
Page 17
LB1189335/12
Page 18

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
LB1189335/12
Page 19
3.
NOTICES
4.
5.
DEFAULT
payable.
LB1189335/12
Page 20
USE OF PROCEEDS
GREEK TAXATION
Income.
LB1189335/12
Page 21

The Managers have, pursuant to a Subscription Agreement dated 8 June 2006 (the
Agreement.
United Kingdom.
LB1189335/12
Page 22
GENERAL INFORMATION
1.
The issue of the Notes has been duly authorised pursuant to (a) article 1 of L.
Minister of Finance, 37930/ 1264/14 October 2005 of the Prime Minister and
2.
Application has been made to list the Notes on the regulated market of the
Luxembourg Stock Exchange. As long as the Notes are listed on the Luxembourg
Stock Exchange, the Republic will maintain a paying agent having a specified office
in Luxembourg
3.
XS0256563429.
4.
Agent.
5.
LB1189335/12
Page 23
THE ISSUER
8 Omirou Street
105 64 Athens
MANAGERS
BNP Paribas
10 Harewood Avenue
London NW1 6AA

8 Othoros Street
105 57 Athens

86 Eolou Street
102 32 Athens
FISCAL AGENT,
LISTING AGENT
AND AGENT BANK
BNP Paribas Securities Services, Luxembourg Branch
33, rue de Gasperich
Howald Hesperange
L-2085 Luxembourg
LEGAL ADVISERS
8 Omirou Street
105 64 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
LB1189335/12
Page 24
OFFERING CIRCULAR

Euro 2,100,000,000
The Euro 2,100,000,000 Floating Rate Notes due 2018 (the Notes) of The Hellenic
Republic (the Republic) will bear interest from, and including, 5 July 2006 and interest will
be payable semi-annually in arrear on each Interest Payment Date (see Terms and
Exchange pursuant to Chapter 2 of Part III of the Loi relative aux prospectus pour valeurs
mobilires dated July 10, 2005 (the Luxembourg Prospectus Act).
global Note (the Permanent Global Note), without interest coupons or talons, to be held
by the Common Depositary, not earlier than 14 August 2006 upon certification as to non-U.S.
Managers
Alpha Bank
HSBC France CCF
National Bank of Greece
EFG Eurobank
Lehmann Brothers
Piraeus Bank
Alpha Bank A.E., EFG Eurobank Ergasions S.A., HSBC France, Lehman Brothers
International (Europe), National Bank of Greece S.A. and Piraeus Bank S.A. (the
law in certain jurisdictions. The Republic and the Managers do not represent that this
Page 2
meaning of the Prospectus Directive. The Notes, issued pursuant to this Offering Circular,
Page 3
TABLE OF CONTENTS
Page
Use of Proceeds ................................................................................................................ 19
Greek Taxation ................................................................................................................. 19
In connection with the issue of the Notes, Lehman Brothers International (Europe) (the
"Stabilising Manager") (or persons acting on behalf of the Stabilising Manager) may overallot Notes (provided that the aggregate principal amount of Notes allotted does not exceed
105 per cent. of the aggregate principal amount of the Notes) or effect transactions with a
view to supporting the market price of the Notes at a level higher than that which might
Page 4

The Euro 2,100,000,000 Floating Rate Notes due 2018 (the Notes) are issued by The
Hellenic Republic (the Republic) pursuant to (a) article 1 of L. 2187/94, as in force, Laws
2628/98 (for the establishment of the Public Debt Management Agency (PDMA)), 2682/99
and 3091/2002 and (b) Ministerial Decisions 2/44524/004 dated 16 June 1999 and published
on 7 July 1999 of the Minister of Finance, 37930/
1264/14 October 2005 of the Prime
Minister and the Minister of Economy and Finance and 238/0094/3 January 2005 of the
Minister of Economy and Finance. Payments in respect of the Notes will be made pursuant to
an Agency Agreement (the Agency Agreement) dated 4 July 2006 and made between the
Republic, Deutsche Bank AG, London Branch as principal paying agent and agent bank (the
Agent, which expression shall include any successor agent) and Deutsche Bank
Luxembourg S.A. as Luxembourg paying agent (the Paying Agent, together with the
Agent, the Paying Agents, which expression shall include any successor paying agents).
the Republic.
below).
1.
all purposes.
For as long as any of the Notes are represented by a global note held on behalf of
Page 5

2.
Condition 10).
3.
INTEREST
(1)
Date) and interest will be payable semi-annually in arrear on 5 July and 5 January in
each year (each an Interest Payment Date). The first Interest Payment Date will be
5 January 2007. Interest will be payable in respect of each Interest Period (which
expression shall mean the period from and including the Interest Commencement Date
to but excluding the first Interest Payment Date and each successive period from and
including an Interest Payment Date to but excluding the next succeeding Interest
Payment Date).
(2)
Interest Accrual
Page 6
(3)
Rate of Interest
will be determined by the Agent on the basis of the following provisions:
(a)
Rate of Interest = Interest Rate x N
(b)

(i)
0.09 per cent;
(ii) N means the total number of calendar days in the Interest Period;
(c)
Agent or its duly appointed successor on each Interest Determination Date (as defined
below) by referencing the Screen Rate (as defined below) at approximately 11.00
a.m. Frankfurt time on the Interest Determination Date in question. If the Screen
Rate is unavailable, the Agent will request the principal Euro-Zone office of each of
the Euribor Reference Banks (as defined below) to provide the Agent with the rate at
which deposits in euros are offered by it to prime banks in the Euro-Zone interbank
markets for six months at approximately 11.00 a.m. Frankfurt time on the Interest
Determination Date in question.
(e)
System is open;
Euro-Zone interbank market selected by the Agent provided that once a
Euribor Reference Bank has first been selected by the Agent, that Euribor
Reference Bank shall not be changed unless and until it ceases to be capable
of acting as such; and
Page 7
appears on the Telerate page 248 (or such replacement page on that service
which displays the information).
(4)
Denomination (the "Interest Amount") for the relevant Interest Period. Each Interest
concerned (such number of days being calculated on an Actual/360 basis and rounding
the resultant figure to the nearest cent (half a cent being rounded upwards)).
(5)
Period.
(6)

Agent and all Noteholders and Couponholders and (in the absence as referred to above) no
liability to the Republic or the Noteholders or the Couponholders shall attach to the Agent in
this Condition.
(7)
Agent
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on 5 July 2018
Page 8
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
such Notes or Coupons, as the case may be, at any specified office of the Paying Agent
will, so long as any of the Notes is outstanding, maintain (i) an agent bank (which may be
a leading financial centre in continental Europe which, so long as the Notes are listed on
thereof shall have been given to the Noteholders in accordance with Condition 11 and
Page 9
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
Page 10
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
Page 11
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
Page 12
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)

outstanding.
of:
(i)
(ii)
Page 13
(iii)
securing the Notes;
(iv)

(v)
(vi)
(vii)

entity.
11.
NOTICES
(A)
Page 14
Luxembourg Stock Exchange and the rules of that exchange so require, in the Tageblatt or
any other daily newspaper of general circulation in Luxembourg. Such notice shall be deemed
to have been given on the date of such publication in the relevant newspaper or, if published
more than once, on the date of the first such publication. If publication is not practicable in
any such newspaper as is mentioned above, notices will be valid if given in such other
manner, and shall be deemed to have been given on such dates, as the Agent shall
determine. Couponholders shall be deemed for all purposes to have notice of the contents
of any notice given to the Noteholders in accordance with this Condition 11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
profit.
13.
FURTHER ISSUES
or Couponholders to create and issue further Notes having terms and conditions the same
14.
(A)
(B)
Page 15
permitted by law.
15.
Page 16

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 17
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 18
USE OF PROCEEDS
The net proceeds from the issue of Notes, which will be Euro 2,100,000,000, will be used
GREEK TAXATION
Income.
Page 19

Alpha Bank A.E., EFG Eurobank Ergasions S.A., HSBC France, Lehman Brothers
International (Europe), National Bank of Greece S.A. and Piraeus Bank S.A. (the
Managers) have, pursuant to a Subscription Agreement dated 4 July 2006 (the
Agreement.
The Managers have represented and agreed that they have complied and will comply with
all applicable provisions of the Financial Services and Markets Act 2000 with respect to
anything done by it in relation to the Notes in, from or otherwise involving the United
Kingdom.
The Notes have not been and will not be registered under U.S. Securities Act of 1933 (the
Securities Act) and may not be offered or sold within the United States except pursuant to
an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act.
Each Manager:
(a)
has represented, warranted and undertaken to the Republic that it has offered and sold
the Notes, and will offer and sell the Notes:
(i) as part of their distribution, at any time; and
(ii) otherwise, until 40 days after the Closing Date,
only in accordance with Rule 903 of Regulation S under the Securities Act and,
accordingly, that:
(A) neither it nor any of its affiliates (including any person acting on behalf of
such Manager or any of its affiliates) have engaged or will engage in any
directed selling efforts with respect to the Notes; and
(B) the Manager and its respective affiliates have complied and will comply with
the offering restrictions requirement of Regulation S under the Securities Act;
and
(b)
undertaken to the Republic that, at or prior to confirmation of sale, they will have sent
to each distributor, dealer or person receiving a selling concession, fee or other
Page 20
remuneration which purchases Notes from it during the restricted period a

confirmation or notice in substantially the following form:
"The Securities covered hereby have not been registered under the United States
Securities Act of 1933 (the Securities Act) and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons, (i) as part of their
distribution at any time or (ii) otherwise until 40 days after the later of the
commencement of the offering and the closing date, except in either case in
accordance with Regulation S under the Securities Act. Terms used above have the
meanings given to them by Regulation S."
Each Manager has represented and undertaken to the Republic that:
(a)
except to the extent permitted under United States Treasury Regulation

1.163-5(c)(2)(i)(D) (the D Rules):
(i) they have not offered or sold, and during the restricted period will not offer
or sell, any Notes to a person who is within the United States or its
possessions or to a United States person; and
(ii) they have not delivered and will not deliver in definitive form within the
United States or its possessions any Notes sold during the restricted period;
(b)
they have, and throughout the restricted period will have, in effect procedures
reasonably designed to ensure that its employees or agents who are directly engaged
in selling Notes are aware that the Notes may not be offered or sold during the
restricted period to a person who is within the United States or its possessions or to a
United States person, except as permitted by the D Rules; and
(c)
if it is a United States person, it is acquiring the Notes for the purposes of resale in
connection with their original issuance and, if it retains Notes for its own account, it
will only do so in accordance with the requirements of United States Treasury
Regulation 1.163-5(c)(2)(i)(D)(6),
and, with respect to each affiliate of any Manager that acquires Notes from such Manager for
the purpose of offering or selling such Notes during the restricted period, such Manager
undertakes to the Republic that it will obtain from such affiliate for the benefit of the
Republic the representations and undertakings contained in sub-paragraphs (a), (b) and (c)
above.
Each Manager has represented to the Republic that it has complied and will comply with all
applicable provisions of the Financial Services and Markets Act 2000 with respect to
Kingdom.
No action has been taken in any jurisdiction that would permit a public offering of any of the
Notes or, or possession or distribution of the Offering Circular, or any other offering material
relating to the Notes or any supplement, in any country or jurisdiction where action for that
purpose is required. Further neither the Republic nor the Managers represent that Notes may
at any time lawfully be sold in compliance with any applicable registration or other
requirements in any jurisdiction or pursuant to any exemption available thereunder or
assumes any responsibility for facilitating the same.
Page 21
Each Manager agrees that it will comply with all relevant laws, regulations and directives in
each jurisdiction in which it purchases, offers, sells or delivers Notes or have in their
possession or distributes any other offering material relating to the Notes or any supplement.
Page 22
GENERAL INFORMATION
1.
Minister of Finance, 37930/
1264/14 October 2005 of the Prime Minister and
2.
Prospectus Act.
3.
XS0260024277.
4.
Paying Agent.
5.
Page 23
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Alpha Bank A.E.
40, Stadiou Street
10252 Athens

8 Othoros Street
10557 Athens
HSBC France
103 Avenue des Champs
Elysees
75008 Paris
Lehman Brothers
International (Europe)
25 Bank Street
London E14 5LE

86 Eolou Street
10232 Athens
Piraeus Bank S.A.

4 Amerikis Street
10564 Athens
AGENT,
AND AGENT BANK
Winchester House
London EC2 2DB
LUXEMBOURG PAYING AGENT
AND LISTING AGENT
L-1115 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
Page 24
OFFERING CIRCULAR

Euro 130,000,000
The Euro 130,000,000 Fixed to CMS Spread Linked Notes due 2026 (the Notes) of The
Hellenic Republic (the Republic) will bear interest from, and including, 10 July 2006 and
Exchange pursuant to Chapter 2 of Part III of the Luxembourg law of 10 July 2005
concerning prospectuses relating to transferable securities (the Luxembourg Prospectus
Act).
Emporiki Bank
Chapter 2 of Part III of the Luxembourg Prospectus Act. This Offering Circular does not
constitute a prospectus pursuant to Part II of the Luxembourg Prospectus Act transforming
Directive 2003/71/EC (the Prospectus Directive) into law in Luxembourg as the Republic
is an EEA Member State and such EEA Member States are not covered, or affected, by the
Prospectus Directive. Accordingly, this Offering Circular does comply with the format and
the disclosure requirements of the Prospectus Directive and Commission Regulation (EC) No
809/2004 implementing the Prospectus Directive, and it has not been, and will not be,
submitted for approval to any competent authority within the meaning of the Prospectus
Directive. The Notes, issued pursuant to this Offering Circular, will therefore not qualify for
the benefit of the single European passport pursuant to the Prospectus Directive.
Emporiki Bank of Greece S.A. (the Manager) has not separately verified the information
implied, is made and no responsibility or liability is accepted by the Managers as to the
Page 2
Page 3
TABLE OF CONTENTS
Page
Use of Proceeds ................................................................................................................ 20
Greek Taxation ................................................................................................................. 20
In connection with the issue of the Notes, Emporiki Bank of Greece S.A. (the "Stabilising
Manager") (or persons acting on behalf of the Stabilising Manager) may over-allot Notes
(provided that the aggregate principal amount of Notes allotted does not exceed 105 per cent.
of the aggregate principal amount of the Notes) or effect transactions with a view to
supporting the market price of the Notes at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising Manager (or persons acting on
behalf of a Stabilising Manager) will undertake stabilisation action. Any stabilisation action
may begin on or after the date of this Offering Circular and, if begun, may be ended at any
time, but it must end no later than 30 days after the Closing Date.
Page 4

The Euro 130,000,000 Fixed to CMS Spread Linked Notes due 2026 (the Notes) are
issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of L. 2187/94,
as in force, Laws 2628/98 (for the establishment of the Public Debt Management Agency
(PDMA)), 2682/99 and 3091/2002 and (b) Ministerial Decisions 2/44524/004 dated 16 June
1999 and published on 7 July 1999 of the Minister of Finance, 37930/
1264/14 October
2005 of the Prime Minister and the Minister of Economy and Finance and 238/0094/3
January 2005 of the Minister of Economy and Finance. Payments in respect of the Notes
will be made pursuant to an Agency Agreement (the Agency Agreement) dated 7 July
2006 and made between the Republic and CACEIS Bank Luxembourg as fiscal and paying
agent and agent bank (the Agent, which expression shall include any successor agent).
the Republic.
them.
below).
1.
purposes.
Page 5
may be.
2.
3.
INTEREST
(1)
The Notes bear interest from and including 10 July 2006 (the Interest
Commencement Date) and interest will be payable annually in arrear on 10 July in
each year (each an Interest Payment Date). The first Interest Payment Date will fall in
July 2007. If any Interest Payment Date would otherwise fall on a day which is not a
Business Day it shall be postponed to the next day which is a Business Day unless it
would thereby fall into the next calendar month in which event such Interest Payment
Date shall be brought forward to the immediately preceding Business Day. Interest will
be payable in respect of each Interest Period (which expression shall mean the period
from and including the Interest Commencement Date to but excluding the first Interest
Payment Date and each successive period from and including an Interest Payment Date
to but excluding the next succeeding Interest Payment Date). The Interest Periods
Page 6
commencing on the Interest Commencement Date to but excluding the Interest Payment Date
falling in July 2011 are each a Fixed Rate Interest Period. Each subsequent Interest
Period is a Floating Rate Interest Period.
(2)
Interest Accrual
(3)
Rate of Interest
(a)
The Rate of Interest payable in respect of each Fixed Rate Interest Period will be 6%
per annum.
(b)
Interest Period will be equal to EUR CMS10y, subject a minimum rate of interest of
0.00% and a maximum rate of interest of (EUR CMS 10y + Spread).
(i) for the purposes of this sub-paragraph (b):
Spread means 22x (Converted GBP CMS 10y EUR CMS 10y);
GBP CMS 10y means the annual swap rate expressed as a percentage for
a GBP interest rate swap transaction with a term equal to 10 years which
appears on the Reuters screen ISDAFIX2 page at 11.00 am (London Time)
on the Interest Determination Date; and
(ii) in order for both the GBP and Euro rates to have the same frequency, the
GBP CMS 10y shall be converted with the following formula:
2
GBP CMS 10y

Converted GBP CMS 10y = 1 +
1
2
(iii) if either EUR CMS 10y or GBP CMS 10y does not appear on the Reuters
Page ISDAFIX2 on an Interest Determination Date, EUR CMS 10y or GBP
CMS 10y, as applicable, will be a percentage determined on the basis of the
at approximately 11.00 a.m. (London Time) on that Interest Determination
Date. The Agent will request the principal London office of each of the
Reference Banks to provide a quotation and will take the arithmetic mean
Page 7
of the quotations, eliminating the highest quotation (or, in the event of

equality, one of the highest) and the lowest (or, in the event of equality, one
of the lowest). If three or less than three quotations are provided, the
arithmetic average will be calculated using all quotations available. For this
purpose, the mid-market annual swap rate means the arithmetic mean of
the bid and offered rate quotations for the annual fixed leg, calculated on
30/360 day count basis, of a fixed-for-floating Euro or GBP denominated
interest rate swap transaction with a designated maturity of ten years for
EUR CMS10y or GBP CMS10y respectively, commencing on the first day
of the relevant Interest Period for a representative amount of EUR
130,000,000 with an acknowledged dealer of good credit in the swap
market.
(c)
System is open;
(4)
The Agent shall, as soon as practicable after 11.00 a.m. (London time) on each Interest
(5)
Page 8
(6)

this Condition.
(7)
Agent
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on or around
10 July 2026 (the Maturity Date).
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Page 9
(i)
(ii)
6.
TAXATION
Page 10
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

Page 11
or
(d)

(e)
Notes,
8.
PRESCRIPTION
9.
10.

Page 12
(i)
instalment of interest on the Notes;
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)

Page 13
outstanding.
of:
(i)
(ii)
(iii)
securing the Notes;
(iv)

(v)
(vi)
(vii)

Page 14

entity.
11.
NOTICES
(A)
listed on the regulated market of the Luxembourg Stock Exchange and the rules of that
exchange so require, in the dWort or any other daily newspaper of general circulation in
Luxembourg. Such notice shall be deemed to have been given on the date of such publication
in the relevant newspaper or, if published more than once, on the date of the first such
publication. If publication is not practicable in any such newspaper as is mentioned above,
notices will be valid if given in such other manner, and shall be deemed to have been given
on such dates, as the Agent shall determine. Couponholders shall be deemed for all
purposes to have notice of the contents of any notice given to the Noteholders in
accordance with this Condition 11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
Page 15
12.
AGENT
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
permitted by law.
Page 16
15.
Page 17

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 18
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 19
USE OF PROCEEDS
GREEK TAXATION
Income.
Page 20

The Managers have, pursuant to a Subscription Agreement dated 7 July 2006 (the
Agreement.
United Kingdom.
Page 21
GENERAL INFORMATION
1.
Minister of Finance, 37930/
1264/14 October 2005 of the Prime Minister and
2.
Prospectus Act. As long as the Notes are listed on the Luxembourg Stock Exchange,
the Republic will maintain a paying agent having a specified office in Luxembourg.
3.
XS0260349492.
4.
Agent.
5.
Page 22
THE ISSUER
8 Omirou Street
105 64 Athens
MANAGER
Emporiki Bank of Greece S.A.
11, Sophocleous St.
10235 Athens
FISCAL AGENT,
LISTING AGENT
AND AGENT BANK
CACEIS Bank Luxembourg
5 Alle Scheffer
L-2520 Luxembourg
LEGAL ADVISERS
8 Omirou Street
105 64 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
Page 23
17897
. 1337
14 2006
5
,
25.8.2006 20.8.2011. .
. 7781/478/13.4.2006
.... ....................................
( )

: . .
( 1, 1.1, 1.1.1
), .
( 3, 3.7,
3.7.1 ). ................................
()

, .............................

(22) ,
, (1) . ...
. 14/379/18.4.2006

.. ,

( 674/31.5.2006) ...................................................
1
2
. 2/47585/0023
(1)
5
,
25.8.2006 20.8.2011.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 .2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247 /27.11.1995)
5. 11 .2459/1997

( 17/18.2.1997),
9 .2579/1998.
6. 31 . 2682/1999

... ( 16 /1999).
7. .2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
13. . 2/70563/0023/27.12.2005

17898
( )
.
14. . 793/18.8.2006 ....,
:

25.8.2006
, 5 ,
, 20.8.2011
.

1) , 25.8.2006
,
, (5) ,
24.5.2006 20.8.2011,
24.5.2006
20.8.2007 (long coupon).
2) 1.000
.
3) 3,90%
.
4) ,
( 1.000.000.000) .
ISIN GR 01 14019 442
CFI DBFTGB ISIN
.
5) .

.
1.000,
365
366 {actual/actual(ICMA)}
.
.
20.8.2007
, .

24.5.2006 ()
20.8.2007 ( ).

(1.000), 3,90%
88/365 (
24.5.2006 20.8.2006) ) 365/365
3,90% (
20.8.2006 20.8.2007).
24.5.2006 25.8.2006
1.000 9,94
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 22
2006,
(....).
2)
,
5
.
( 5.000.000)

.

( 1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
22 2006 12.00
.
6)

22 2006
12:45 ,
(....).
7)
,
( 12:00
24 2006),
,

20%
.

,
( )

.

.

12:45 24
2006, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
.
11)
(Stripping).
12)
.
13)
,

,
.
14)
,
(....)
(O.T.C.).
15)
.

25 2006 (),
(5) ,
1 2006, ,
, ,
,

, ,
,
,
.

..,
(...)
...
(...).

, , ISIN
GR 0A 14019 787 ,
,
17899

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN B
,

, .

,
, ISIN

.

,
. ,

,
.

.

2006
,

.

.
, 18 2006

F
. 17673/1171
(2)
. 7781/478/13.4.2006
....

:
1. . 2960 /1999 ( 45)

2. 32 . 3325/2005 ( 68)

.
3. .. 229/1986 ( 96)

20297
. 1521
16 2006

................................

. .............................
. 2/65093/0022/9.12.2002

,

. ....................................
10

20.7.2016..................................................................................................
. 5318../7 ( 324/
./11.2.2004) ,
...

,
................................
.. ...
(70
bar)
. .....................................................
1
2
. 53778
(1)

.

,

:
1. :
. 1 . 2 .3320/2005

... ( 48).
. . 2503/1997 , ,
,
(107).
. 11 .. 164/2004

( 134).
. 90
,
.. 63/2005 ( 98).
2. 15.12.2004 17.12.2004

,
53/2004 54/2004 .
3. . 259/20.1.2006
....
4. . 7521/7.6.2006
,

.
5.

11 .. 164/2004.
6. . 37930/ 1264/14.10.2005

,

(1432), . 5733/
179/9.2.2006 ( 204/13.2.2006).
7.

(81.000) ,

(
90710/ 0200).

(20.000)

, :
( )

.
, 4 2006

.
F
. 2/54545/0023
(4)
10
20.7.2016.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 .2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/76.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/ 25.1.2001

,
, .
12. . 2/1430/0023/12.1.2006

18.1.2006 ,
, , 10 ,
20.7.2016
20299
13. . 37930/ 1264/14.10.2005 ( 1432/

/14.10.2005)

&

. 5733/ 179/9.2.2006 .
14. . /22.9.2006 ....,
:
29.9.2006, (re
opening) (18.1.2006)
, ,
, 1 , 20.7.2016.
.
1) ,
, ,
, (10) ,
18.1.2006 20.7.2016.
2) ,
,
,
(...),
.
3) 1.000 ,
97,421%
,
26 ; 2006,
.
4)
.
5)
3,60%
.
6) .

.
1.000,
365
366 {actual/actual (ISMA)}
.
. 29.9.2006
(reopening)
,
18.1.2006
29.9.2006 2
.
.
,
( 1.000) ,
3,60% 254/365
2.505,205%.
25,05.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
20300
( )
9)

.
10)
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,

.

1)
..,
, ,
,
,
.

25 2006
28 2006.
2)
: ... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN
,

, .
6)
,
, ISIN

.

,
.

,
.
7) (Settlement)
29 2006,
(reopening) 18.01.2006.
8)

0,15%.
...
0,04%.

2006
,

.

.
, 29 2006

F
. 34814/B7
(5)
. 5318../7 ( 324/
./11.2.2004) ,
...

,
.

:
1. 10 12 . 2083/1992
( 159 .)
, 16 . 2 . 2327/1995 ( 156
.) ,
5 12 . 2916/2001 ( 114 .)

.
2. 90
,
.. 63/2005
( 98 ).
3. . 37876/5 ( 608 . /26.4.2004)

.
4. . 7/450/13.10.1998 ( 1151/.B/3.11.1998)
. .

,
. 5318../7
( 324/.B/11.2.2004) . .,
. 38619/7 ( 876/./14.6.2004).
5. . 3027/2002, . 3 . ),
( 152//28.6.2002)

.
6. ....
...
( 23.3.2005).
20965
. 1540
20 2006
.. . .....................
10
29.9.2006
(reopening)
18.1.2006 20.7.2016. ................................................
A . .............
. 1053054/4463//
5.6.2006 ....

.............................................
2006. ......

. ( : 20037530060).......

. (. (.) 1257/1999, 31.

MACLADIN. ....................................................

LODEPREM. ...................................................

TRAMAL 50mg/
cap, 100mg/ml,
100mg/supp 100 mg/2ml.

PRAVAFACT. ................................................

SUMATRIPTAN/ ZEINCRO. ................

TABERIL. ..........................................................

RISENAR. .........................................................

ESTROFEM. ......................................................
2
3
4
5
6
7
8
9
10
11
12
13
14
15
. 2/51895/0022
.. .
(1)

:
1. :
. . 1397/1983 ( 143//7.10.1983).
. . 2021/1992 ( 123//1992).
. . 2519/1997 ( 165//21.8.1997).
. . 2646/1998 ( 236//20.10.1998).
. . 2676/1999 ( 1//5.1.1999).
. . 2606/1998 ( 89//22.4.1998).
. 40 . 849/1978.
. . 2703/1999 ( 72//1999).
. . 2889/2001 ( 37/./2.3.2001).
. . 2920/2001 ( 131/./27.6.2001).
. . 3205/2003 ( 297/./2003),
45.
. 35 . 3252/2004 ( 132/
./16.7.2004).
. . 3/...81535/2005 (
1188/./26.8.2005).
2. .. 131/1987 ( 73//25.5.1987) 1 . .
3. . 7823/26.6.2006 ..
.
4. . 37930//1264/14.10.2005 (
1432/./14.10.2005)

,
.
5.
.. .
6.
180.000,00
0562 .210
,
:
. 10/.. 138299/30.1.2006
( 92/./30.1.2006)
20966
( )

,

:
..
180.000,00

2006

.

.

.
, 4 2006

.

F
. 2/54530/0023
(2)
10
29.9.2006
20.7.2016.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91 . 2362/1995
,
... ( 247 /27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
. ( 207/
/27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1430/0023/12.1.2006

18.1.2006 ,
, , 10 ,
20.7.2016.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

,
.
14. . 2/70563/0023/27.12.2005

.
15. . ..../22.9.2006
...., :

29.9.2006 reopening
(18.1.2006)
, , ,
10 , 20.7.2016.

1) , 29.9.2006
,
, (10) ,
18.1.2006 20.7.2016.
2) 1.000 .
3)
3,60%
.
4)
. (1.000.000.000)
5) .

.
1.000,
365
366 {actual/actual (ISM)}
.
. 29.9.2006
(reopening)
,
18.1.2006
29.9.2006 2
.
.
,
( 1.000) ,
3,60%
254/365 2,505205%.

25,05.
6)
.

,
,
. ,

( )

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 26
2006,
(....).
2)
,
5
.
( 5.000.000)

.

(1.000.000).
3)

.

(clean
price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
26 2006 12.00
.
6)

26
2006 12:45
,
(....).
7)
,
20967
( 12:00
28 2006),
,

20%
.

,

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12:45 28
2006, ().
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.
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20%,
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.
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(reopening)
(18.1.2006).
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18.1.2006.
12)
.
13)
,

,
.
14)
,
(....)
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.

29 2006 (),
(5) ,
6 2006, ,
, ,
,

(29.9.2006),
, ,
,
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(...).

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, ,

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,

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.

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2006
,

.

.
, 29 2006

F
A. 1062424/4733/
A .
(3)

:
1. 1 3
. 2343/1995 ( 211)

.
2. .. 284/1988
.
3. .. 280/1997 ( 203)

.
4. . 1124040/2112/0006/9.11.1998 (
1177)
... ... .
5. 23 . 3259/2004 (
149)
(...)
.
6. . 1099054/1224/0006/9.12.2004 (
1880),
(...)

(...).
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3/10.2.2005)
..., ... ...,
.
8. 12 8
. 2873/2000 ( 285),

()
,

,
.
9. 2 4
3 . 2343/1995,
9, 10
11 20 . 2753/1999,

()

,
,

.
10. . 37930/1264/14.10.2005 ( 1432
/14.10.2005)

, .
5733/179/9.2.2006 ( 204 /13.2.2006).
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,
. 10358/16.6.2006 ... ,
. 4581/29.6.2006 ...
. 4960/14.7.2006
... , :
.
(
)
, ,
:
1265

. 93
30 2007
.
. 2/1591/0023/
(1)
17.1.2007
,
, 20.7.2017.
17.1.2007
,
, 20.7.2017. ...............................

.

, ,

, .
2 32 . 3518/2006 .................................

. ..................................................................................................
. 244639/2.1.2006 ( 12/
)

, ,
,

`` ...........................

. ...................................................................................
. 4901/31.5.2006

....................................................................................................
..
. ...........................................................................................................

. ...................................................................................

20062007. .................................................................
7
8
10
:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17 A/18.2.1997),
9 . 2579/1998.
5. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /99), 37
. 3130/2003 ( 76//2003).
6. 64, 90 91 . 2362/1995

( 247// 27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
.
9. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
1266
( )

,
. 5733/ 171/2006 (
204) .
10. . 628/6.7.1998

(....) ...
( 151 /6.7.1998).
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.
. . 40/10.1.2007,
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, , ,
, 20.7.2017.
,
,

.
.
1.
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20 2017.
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,
,
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5. ,
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( 5.000.000.000) .
7. 4,30%,
, .
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.
(1.000),

365 366 {actual/actual (ISMA)}
.
.
20.7.2008
, .

17 2007 ()
20 2008 ( ).

, (
1.000), 4,30%
184/365 ( 17.1.2007
19.7.2007) 366/366 4,30%
( 20.7.2007 19.7.2008).

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.

.
,

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9.
,
8.
10.

(10%).
.

.
.
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.
12.
. , ,

(...), .
13.
,

,
.
14.
,
(....)
(O.T.C.).
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ment) 17 2007,
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17. ,

,
,
.

2007,
,
,

.

.
, 12 2007

2415
. 181
13 2007
,
, ,
, 20.9.2040............................
1

,
10 .2238/1994,
2007
. .... 2
. 2/6620/0023/
(1)
,
, ,
, 20.9.2040.
KAI
:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 .2187/1994
(16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998).
5. 15 . 2628/1998 (
151//1998), 31 . 2682 /1999
( 16 /1999)),
37 . 3130/2003 ( 76 // 2003).
6. 64, 90 91
. 2362/1995
( 247/
/27.11. 1995).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. .2/4627/0023/25.1.2001
,
,
.
9. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
&
&
.
10. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
11. . 2/75193/0023/28.12.2006

( 7 . /12.1.2007).
. 127/30.1.2007,
...., :
6.2.2007
, , ,
, 20.9.2040.
,

,

.
.
1.
,
, 6
2007 20 2008
(long coupon),
20.9.2040.
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,
,
(...),
.
2416
( )
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4. (6.2.2007),
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5. ,
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( 4.000.000.000) .
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, .
8. .

.
(1.000),

365 366 {actual/actual (ISMA)}
.
.
20.9.2008
, .

6 2007 ()
20 2008 (
).
,
( 1.000), 4,60%
226/365 (
6.2.2007 20.9.2007) 366/366
4,60% (
20.9.2007 19.9.2008).

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.

.
,

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,
8.
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(10%).
.

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.
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.
12.
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& ,

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.
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,
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.
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2007,
,
,

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, 31 2007

F
A. 1010454/183/0012
(2)

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.

:
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( 1432/)
,

5733//179/13.2.2006 (
204)
.
) 9 64
(.2238/1994,
151/16.9.1994 .).
)
,

, 4
2 ...

, :
1
1. , . 2007,

,
, ,

7897
. 357
15 2007
5
2.3.2007
20.8.2012. .......................................................................
5
2.3.2007
20.8.2012...........................................

. ......
( 6 . 1 6 .
2527/1997). .............................................................................................

. .......................................................................................................

()
. .........................

()
. ....................................................................................................

, 2007. ........................

.............................................................................................................

G447 BUDENAT LM.....................................................
3
4
9
10
. 2/13482/0023
(1)
5
2.3.2007
20.8.2012.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
&
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
&
&
& ,
. 5733/ 179/2006
( 204) .
7898
( )
13. . 2/75193/0023/28.12.2006
&

(
7 / /12.1.2007).
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., :

2.3.2007
, 5 , ,
20.8.2012
.

1) , 2.3.2007
,
, (5) ,
2.3.2007 20.8.2012,
2.3.2007 20.8.2008
(long coupon).
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,
,
(...),
.
3) 1.000
.
4) 4,10%
.
5) ,
(
1.700.000.000) .
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.
.
20.8.2008
, .

2.3.2007 ()
20.8.2008 ( ).

(1.000),
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171/365 ( 2.3.2007
20.8.2007) 366/366
4,10% ( 20.8.2007
19.8.2008). ,

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(10%).
.

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2007,
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( 5.000.000)
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).

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.

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.
,
27 2007 12.00
.
6)

27
2007 12:45
,
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1 2007,
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12:45
1 2007,
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.
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.
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2007, .
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13)
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.
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, ,
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...
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2007
,

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.
, 27 2007

F
. 2/13481/0023
(2)
5
2.3.2007
20.8.2012.

:
1. 31 32 . 1914/1990

7900
( )
,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247 /27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. .2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
&
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 37930/ 1264/14.10.2005 ( 1432/
/14.10.2005)
&
&
& ,
. 5733/ 179/2006 ( 204) .
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:
2.3.2007
, ,
, 5 , 20.8.2012.

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, ,
, (5) ,
2.3.2007 20.8.2012.
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,
2.3.2007
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(...),
.
3) 1.000 ,
100,571
,
27 2007,
.
4)
.
5) 4,10%
.
6) .

.
1.000,
365 366 {actual/
actual(ICMA)} .
.
20.8.2008
, .

2.3.2007 () 20.8.2008
( ).

(1.000),
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2.3.2007 20.8.2007)
366/366 4,10% (
20.8.2007 19.8.2008). ,

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,
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26 2007
28 2007.
2)
:
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... ,
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,
.
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.

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6)
,
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.

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.

,
.
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2 2007.
8)
,
0,15%,
... 0,04%.

2007
,

.

.
2. 1, 2 8 . 2503/1997
( 107/. /30.5.1997 , ,
,
.
3. 90

.. 63/2005 ( 98).
4. 239 240
. 3463/2006 (...).
5. . . 6667/5.4.1998 ( 501/. /2001)

6. . 16/2007
,
5

240 . 3463/2006 (...).
7. . 241/./18.8.1998 ( 939/1.9.1998,
. )

,
:
1. . .6667/5.4.1998 (
501/. /2001) ,

,
, :
) 5 ,
:
5. (5)
,
240 . 3463/2006.
) 6 ,
.
) 7, 8 9
, 6, 7 8 .
2. . . 6667/5.4.1998
( 501/. /2001) .
3.
,
,

.

.
, 27 2007
.. , 23 2007
F
. 2837
(3)

.

F
. 22673/2006

( 6 . 1 6 . 2527/1997).
(4)
:
1. 1 . 2539/1997 (
244/. /1997)
.
:
1. 6 . 1 6 .
2527/1997,
. 2190/1994 .
OFFERING CIRCULAR

Euro 1,000,000,000
2.085% Inflation Linked Notes due 25 July 2057
The Euro 1,000,000,000 2.085% Inflation Linked Notes due 25 July 2057 (the Notes) of
The Hellenic Republic (the Republic) will bear interest from, and including, 30 March
2007 and interest will be payable annually in arrear on each Interest Payment Date (see
Terms and Conditions of the Notes Interest). The first payment of interest will be paid on
25 July 2007 in respect of the period from, and including, 30 March 2007 to, but excluding,
25 July 2007 (short first coupon). Payments of interest in respect of the Notes will be made
without deduction for or on account of Greek taxes, as described, and subject to the
This Offering Circular neither constitutes a prospectus pursuant to Part II of the Luxembourg
law on prospectuses for securities (loi relative aux prospectus pour valeurs mobilires) dated
10 July 2005 (the Luxembourg Prospectus Law) (which implements the Directive
2003/71/EC of the European Parliament and of the Council of 4 November 2003 (the
Prospectus Directive)) nor a simplified prospectus pursuant to Chapter 2 of Part III of the
Luxembourg Prospectus Law. Accordingly, this Offering Circular does not purport to meet
the format and the disclosure requirements of the Prospectus Directive and Commission
Regulation (EC) No 809/2004 implementing the Prospectus Directive, and it has not been,
and will not be, submitted for approval to any competent authority within the meaning of the
Prospectus Directive and in particular the Supervisory Commission of the Financial Sector
(Commission de Surveillance du Secteur Financier), in its capacity as competent authority
under the Luxembourg Prospectus Law. The Notes, issued pursuant to this Offering Circular,
Luxembourg) for credit on or about 30 March 2007 (the Closing Date) to the accounts of
global Note (the Permanent Global Note), without interest coupons or talons, to be held
by the Common Depositary, not earlier than 9 May 2007 upon certification as to non-U.S.
Managers
Goldman Sachs International
EFG Eurobank Ergasias
Alpha Bank
The date of this Offering Circular is 29 March 2007.
Goldman Sachs International, Alpha Bank A.E., EFG Eurobank Ergasions S.A. and National
Bank of Greece S.A. (the Managers) have not separately verified the information
implied, is made and no responsibility or liability is accepted by the Managers as to the
Prospective investors should be aware that the interest payable on the Notes is determined in
accordance with a formula linked to the HICP (as described below) and is therefore variable.
Neither the current nor the historical value of the HICP should be taken as an indication of
future performance of the HICP during the term of the Notes.
Page 2
The Notes have not been, and will not be, registered under the United States Securities Act of
1933, as amended and, subject to certain exceptions, may not be offered or sold in the United
States or to U.S. persons.
Page 3
TABLE OF CONTENTS
Page
Use of Proceeds ..................................................................................................................... 19
Greek Taxation ...................................................................................................................... 19
In connection with the issue of the Notes, Goldman Sachs International (the Stabilising
Manager) (or persons acting on behalf of the Stabilising Manager) may over-allot Notes
(provided that the aggregate principal amount of Notes allotted does not exceed 105 per cent.
of the aggregate principal amount of the Notes) or effect transactions with a view to
supporting the market price of the Notes at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising Manager (or persons acting on
behalf of a Stabilising Manager) will undertake stabilisation action. Any stabilisation action
may begin on or after the date of this Offering Circular and, if begun, may be ended at any
time, but it must end no later than 30 days after the Closing Date.
Page 4

The Euro 1,000,000,000 2.085% Inflation Linked Notes due 25 July 2057 (the Notes) are
issued by The Hellenic Republic (the Republic) pursuant to (a) article 1 of L. 2187/94, as
in force, article 31 of Law 1914/1990, Laws 2628/98 (for the establishment of the Public Debt
Management Agency (PDMA)), 2682/99 and 3091/2002 and (b) Ministerial Decisions
2/44514/004 dated 16 June 1999 and published on 7 July 1999 of the Minister of Finance and
Notes will be made pursuant to an Agency Agreement (the Agency Agreement) dated 29
March 2007 and made between the Republic, Citibank, N.A. as principal paying agent and
agent bank (the Agent, which expression shall include any successor agent) and Dexia
Banque Internationale Luxembourg, socit anonyme as Luxembourg paying agent (the
Paying Agent, together with the Agent, the Paying Agents, which expression shall
include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 29 March 2007 and made
by the Republic.
below).
1.
The Notes are in bearer form and in the denomination of Euro 1,000,000 (the Specified
all purposes.
Page 5

2.
other unsecured and unsubordinated obligations of the Republic outstanding on
30 March 2007 or issued thereafter without any preference granted by the Republic to one
above the other by reason of priority of date of issue, currency of payment, or otherwise.
The due and punctual payment of the Notes and the performance of the obligations of the
long as any Note remains outstanding, the Republic shall not create or permit to subsist any
assets to secure any External Indebtedness, unless the Notes shall also be secured by such
such other security as may be approved by an Extraordinary Resolution of the Noteholders (as
described in Condition 10).
3.
INTEREST
(1)
The Notes bear interest from, and including, 30 March 2007 (the Commencement
Interest Payment Date). The first Interest Payment Date will be 25 July 2007. Interest
will be payable in respect of each Interest Period (which expression shall mean the
period from, and including, the Commencement Date to, but excluding, the first Interest
Payment Date and each successive period from, and including, an Interest Payment
Date to, but excluding, the next succeeding Interest Payment Date).
(2)
Interest Accrual
Page 6
(3)
Interest Rate
The Notes will bear interest calculated by the Agent Bank in accordance with the following
provisions:
Interest payable in respect of each Note on each Interest Payment Date = 2.085 per cent.
per annum x Index Ratio on the relevant Interest Payment Date x Principal Amount of that
Note (Euro 1,000,000), provided that such amount of interest shall not be less than zero. The
interest payable on the first Interest Payment Date shall be equal to an amount calculated in
respect of the period from, and including, the Commencement Date to, but excluding, the first
Commencement Date means 30 March 2007.
Daily Inflation Reference Index means in relation to a day (D) in any given month (M),
the linear interpolation of the HICP for the third month preceding such month (M-3) and the
second month preceding such month (M-2) expressed relative to the same base of 100 and
calculated in accordance with the following formula:
Daily Inflation Reference Index as of
D = HICP m 3 +
NBD 1
x (HICP m 2 HICPm 3)
NDM
where:
HICP M-2 = The HICP for Month M-2
NBD = Number of days since the start of month M
NDM = Number of days in month M
The Daily Inflation Reference Index will be rounded to five decimal places.
HICP means the Harmonised Index of Consumer Prices, excluding tobacco, for the euro
zone produced by Eurostat under Article 121 of the Treaty of Amsterdam (109j of the Treaty
of
European
Union)
and
published
on
Eurostats
web
site
(http://www.europa.eu.int/comm/eurostat/)
at:
http://epp.eurostat.ec.europa.eu/portal/page?_pageid=1996,39140985&_dad=portal&_schema
=PORTAL&screen=detailref&language=en&product=EUROIND&root=EUROIND/shorties/
euro_cp/cp240
The HICP for any month is determined as at the date of its first publication, notwithstanding
any subsequent changes to it. Any revised level of HICP for any month will be taken into
Page 7
account when calculating the level of HICP for the month following the official
announcement of the change.
Index Ratio means, in respect of any date, the ratio between the Daily Inflation Reference
Index determined on that date and 102.41742 (the Base Inflation Reference Index). The
Index Ratio will be rounded to five decimal places.
(The Base Inflation Reference Index was calculated as the Daily Inflation Reference Index
determined as of 30 March 2007 with reference to the original, unrevised HICP available on
the same date.)
The Agent Bank will determine the amount of interest payable on each Interest Payment Date
in respect of each Note (in the denomination of Euro 1,000,000) four Business Days (as
defined below) before the relevant Interest Payment Date and shall notify any stock exchange
on which the Notes are at the relevant time listed and promptly publish the relevant Index
Ratio and the amount of interest payable in respect of each Note in accordance with
Condition 11 as soon as possible after their determination. Business Day means a day on
which commercial banks and foreign exchange markets settle payments in Athens and a day
on which the Trans-European Automated Real-Time Gross Settlement Express Transfer
System (TARGET) is operating.
Rebasing
If the HICP is rebased to a different year, the Agent Bank will adjust the calculations of the
Daily Inflation Reference Index so that both are expressed in the new base year, even though
a base change may have occurred between the two dates they refer to. The HICP of the old
base year used in calculating the Base Inflation Reference Index will be adjusted to the new
base year by multiplying the Base Inflation Reference Index by the new base for the month on
which the revised HICP is based and dividing the product by the old base HICP figure for the
same month. For every base year change, the two series will be chained on the basis of the
HICP of the last year of joint publication. This procedure will be used for each occasion on
which a revision is made during the term of the Notes.
Substitution
If the HICP for any relevant month is not published by the end of the next month, then a
substitute HICP value (the Substitute HICP) will be used for that month and shall be
calculated by the Agent Bank in accordance with the following provisions:
(a)
if a provisional or preliminary HICP has been published by Eurostat in respect of the

relevant month, such value of HICP will automatically be used as the Substitute HICP
and such term shall be construed accordingly; and
(b)
if a provisional or preliminary HICP is not available, the Substitute HICP shall be

Substitute HICP = HCIP
p 1
HICP p 1
x
to the power of 1/12
HICP p 13
where P represents that month for which the HICP is not published and it is therefore
necessary to determine a Substitute HICP by extrapolation. For the avoidance of doubt, if the
HICP is not published and it is therefore necessary to determine a Substitute HICP by
Page 8
extrapolation in accordance with (b) above for two or more consecutive months, the HICP P-1
for any such second or subsequent month shall be the Substitute HICP for the preceding
month.
Agent Bank: Citibank, N.A.
Interest accrual basis: Actual/Actual (ISMA). For the purposes of calculating accrued
interest, the product of (a) 2.085 per cent. and (b) the fraction determined in accordance with
the interest accrual basis shall be rounded to three decimal places.
(4)

of this Condition, whether by the Agent Bank or otherwise, will (in the absence of wilful
default, bad faith or manifest error) be binding on the Republic, the Paying Agent and all
Noteholders and Couponholders and (in the absence as referred to above) no liability to the
Republic or the Noteholders or the Couponholders shall attach to the Agent in connection
with the exercise or non-exercise by it of its powers, duties and discretions under this
Condition.
(5)
Agent
being unable or unwilling to continue to act as the Agent, the Republic shall appoint the
Euro-zone office of another major bank engaged in the Euro-zone interbank market to
act in its place. Euro-zone means the countries of the European Union which from
time to time have adopted the Euro currency.
4.
(1)
Final Redemption
be redeemed on 25 July 2057 (the Maturity Date) in an amount calculated by the
Agent Bank in accordance with the following formula:
Redemption Amount = Index Ratio Principal Amount
where the Index Ratio is the ratio between the Daily Inflation Reference Index on the
Maturity Date and the Base Inflation Reference Index. If the Redemption Amount so
calculated is less than the principal amount of the Notes, the Notes will be redeemed at
their principal amount.
The Agent Bank will determine the Redemption Amount in respect of each Note (in the
denomination of Euro 1,000,000) four Business Days before the Maturity Date and shall
notify any stock exchange on which the Notes are at the relevant time listed and promptly
publish the relevant Index Ratio and the Redemption Amount in respect of each Note in
accordance with Condition 11 as soon as possible after their determination.
Page 9
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Condition 8) a day on which TARGET is operating.
Date (or from the Commencement Date, as the case may be) will be paid only against
surrender of such Note.
Page 10
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
Page 11
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
Page 12
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
Page 13
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)
(each a Reserved Matter),

or not they are present at such meeting and whether or not they sign the Written
outstanding.
amend the Agency Agreement or the Notes for the purpose of:
(i)
(ii)
Page 14
(iii)
securing the Notes;
(iv)

provision in the Notes or the Agency Agreement;
(v)
Notes and does not in the opinion of the Republic adversely affect the interest of
any holder of the Notes;
(vi)
correcting in the opinion of the Republic a manifest error of a formal, minor or

technical nature; or
(vii)

that such modification is not in the opinion of the Republic materially prejudicial
to the interests of the Holders.
entity.
Page 15
11.
NOTICES
(A)
Luxembourg Stock Exchange and the rules of that exchange so require, in the dWort or any
other daily newspaper of general circulation in Luxembourg or published on the website of
the Luxembourg Stock Exchange (www.bourse.lu). Such notice shall be deemed to have been
given on the date of such publication or, if published more than once, on the date of the first
such publication. If publication is not practicable as is mentioned above, notices will be valid
if given in such other manner, and shall be deemed to have been given on such dates, as
the Agent shall determine. Couponholders shall be deemed for all purposes to have notice
of the contents of any notice given to the Noteholders in accordance with this Condition
11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
Page 16
permitted by law.
15.
Page 17

FORM
1.
(i)
(ii)
The Permanent Global Note is exchangeable in whole, but not in part, for definitive
is continuing.
2.
PAYMENTS
Page 18
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 19
USE OF PROCEEDS
The gross proceeds from the issue of Notes, which are Euro 1,000,000,000, will, after
payment of the combined management and underwriting commission and selling
concession referred to under Subscription and Sale below, be used by the Republic for
its general funding purposes.
Page 20
GREEK TAXATION
No additional amount shall be payable on account of Greek taxes by any individual
holder of Notes who is a foreign tax resident and who has provided evidence that he or
she has received or secured such payment for his or her own benefit (in the sense of
article 4, paras 1(a) to 1(c) (inclusive) of Law 3312/2005, which implements the
European Union Directive on the Taxation of Savings Income into Greek law.
Page 21

Goldman Sachs International, Alpha Bank A.E., EFG Eurobank Ergasions S.A. and National
Bank of Greece S.A. (the Managers) have, pursuant to a Subscription Agreement dated
29 March 2007 (the Subscription Agreement), agreed with the Republic to subscribe
and pay for the Notes at the issue price of 100 per cent. of the principal amount of the
Notes, less a combined management and underwriting commission and selling concession
of 0.3 per cent. of the principal amount of the Notes.
Agreement.
Kingdom.
Securities Act.
Each Manager:
(a)
accordingly, that:
and
Page 22
(b)

(a)

1.163-5(c)(2)(i)(D) (the D Rules):
(b)
(c)
Regulation 1.163-5(c)(2)(i)(D)(6),
above.
Page 23
GENERAL INFORMATION
1.
The issue of the Notes has been duly authorised pursuant to (a) article 1 of
L. 2187/94, as in force, article 31 of Law 1914/1990, Laws 2628/98 (for the
establishment of the Public Debt Management Agency (PDMA)), 2682/99 and
3091/2002 and (b) Ministerial Decisions 2/44514/004 dated 16 June 1999 and
published on 7 July 1999 of the Minister of Finance and 238/0094/3 January 2005 of
the Minister of Economy and Finance.
2.
by the Prospectus Directive) of the Luxembourg Stock Exchange. As long as the
3.
XS0292467775.
4.
Business Day (Saturdays and public holidays excepted) at the specified offices of the
Paying Agent.
5.
Page 24
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Peterborough Court
133 Fleet Street
London EC4A 2BB
Alpha Bank A.E.

40, Stadiou Street
10252 Athens

8 Othoros Street
10557 Athens

86 Eolou Street
10232 Athens
AGENT,
AND AGENT BANK
Citibank, N.A.
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
AND LISTING AGENT
Dexia Banque Internationale Luxembourg , socit anonyme
69, route dEsch
L-2953 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

Law Office T.J. Koutalidis
4, Valaoritou Str.,
Athens, 106 71
Page 25
11501
. 625
25 2007
,
25.7.2030, 16.4.2007 .................................
1

() .... ....................................................................... 2
. 2/22468/0023
,
25.7.2030, 16.4.2007
(1)

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990)
24 . 2166/1993 ( /137).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17/18.2.1997),
9 .2579/1998.
5. T 15 . 2628/1998 (
151//1998) , 31 .2682/1999
( 16/1999),
37 . 3130/28.3.2003 ( 76/)
....
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995)
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,

.
( 207//27.9.2000).
8. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
9. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

,
. 5733/179/2006
( 204) .
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/75193/0023/28.12.2006

. ( 7 / 12.1.2007)
12. (Offering Circular)
(Subscription Agreement)
12.4.2007
.
13. . 342/29.3.2007 370/3.4.2007
...., :
16.4.2007
, , 25.7.2030.
,

,
.

1.
,
2,30%,

( ).

25 , .
25
2007
11502
( )
25 2006, ,
25 2007, .
2. ,
, ,

A (...) .
3. 1.000
.
4. ( ),

( 3.500.000.000).
, 16.4.2007, 99,000%
.
5.
,
3.529.050.000,00.
3.470.495.000,00

(25.7.2006)
(16.4.2007) 58.555.000,00

.

, 0,275%
.
6. ,
:

( 1.000),
2,30%
, (Index Ratio)
,
.
1.000
,
Actual/Actual (ICMA).

(Index Ratio),

1.000,
.
7.
. (Index Ratio):
(Daily Inflation
Reference Index) ,

.
, 25.7.2006,
(Base Inflation Reference Index)
102,37677,
(unrevised) HICP
.
.
. (Daily
Inflation Reference Index): (D)
(), ....

(HICP)
(3)
(2) 100
:

D = HICP
M3
D1
+ x (ICP
NDM
M2
CP
M3
:
HICP M3= o CP 3
HICP M2= o CP 2
NBD =
NDM =

.
. (HICP):
HICP
,
Eurostat
121 (109j
)
Eurostat: http://www.europa.eu.int/comm/
eurostat/.
HICP
.
HICP ,
HICP
.
HICP :

(HICP),
,

( )
.
HICP
HICP
,
HICP
:
. Eurostat
HICP
HICP.
. HICP, HICP
:
HICP = HICP
1/12
P1
HICP P1
X { }
HICP P13
P
HICP.
8.

,
.

T.A.R.G.E.T.
9. 25
2030
7 :
( 1.000 ) =
(1.000 ) X (Index
Ratio)
( )
=
1.000.
(index
ratio),

( ),
.

, (Index Ratio),

1.000.
10. ,
,
( 1.000.),
.
11.

(10%).
.

,

(25.7.2006)
.

.
.
12.
.
13.
. , ,

(...), .
14.

,
.
15.
,
(....)
(O.T.C.).
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(Stripping)
.
(ISINS).
17.
.
18. ,

,

, , ,
.

.
, 12 2007

11503
. 6301
(2)

() ....

:
1. . 7 . 21
. 3105/2003
,
( 29/).
2. 18 . 3475/2006

( 146/
/2006).
3. . 6 5 .
2009/1992
( 18/).
4. . 9359/6.10.2006 ( 1526//2006)

().
5. .. 122/2004 ( 85//2004)
.
6. . 3270/8.10.2004 ( 187//2004)

.
7. .. 121/2004
( 84//2004).
8. .. 33/2006
( 35//2006).
9. . 2864/3.3.2006 ( 65//10.3.2006)

.
10. . 405/24.10.06
51
.
11.

, :
.
()
(....),
:

1
.
.
.
.... 1
30
:
) ,

.

11847
. 658
27 2007

. 3586/17.2.2006

. ............................................................. 18
. 3304/14.12.2006

. ............................................................. 19
. 2/23804/0023/
(1)
10
(re opening) 20.4.2007,
, 17.1.2007
20.7.2017
10
(re opening)
20.4.2007, ,
17.1.2007 20.7.2017.......................................

. ............................................................

.... ..............

().

().

......

GENOVOX ...........................................................

TEROLINAL .........................................................

NEFELID ................................................................

ALFENER ..............................................................

FIGOZANT ...........................................................

SEDAPRESSIN ..................................................

CRIVION ................................................................

GNOSTOVAL .....................................................

ZITHRONED ........................................................

...............................................................

ONDETON............................................................
5
6
7
8
9
10
11
12
13
14
15
16
17

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91
.2362/1995 ,
... ( 247/27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
11848
( )
. ( 207/
/27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1591/0023/12.1.2007

17.01.2007 ,
, , 10 ,
20.7.2017.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
14. . 2/75201/0023/28.12.2006

.
15. . 397/13.4.2007 ....,
:

20.4.2007 reopening
(17.1.2007)
, , , 10
20.7.2017.

1) , 20.04.2007
,
, (10) ,
17.1.2007 20.7.2017.
2) 1.000
.
3)
4,30%
.
4)

( 1.500.000.000)
5) .

.
1.000,
365
.

20.7.2008
.
. 20.4.2007
(reopening)
,
17.01.2007
20.4.2007 , 2
.
.
,
( 1.000) ,
4,30%
93/365 1,095616%.

10,96.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 17
2007,
(....).
2)
,
5
.
( 5.000.000)

.

( 1.000.000).
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.

(clean price).
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( 1.000).
5)
(
).
( )

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.

.

.

.
,
17 2007 12.00
.
6)

17 2007
12:45 ,
(....).
7)
,
( 12:00
19 2007),
,

20%
.

,

.

.

12:45 19
2007, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(reopening)
(17.1.2007).
11)
(Stripping).
(ISIN)
17.1.2007.
12)
.
13)
,
11849

,
.
14)
,
(....)
(O.T.C.).
15) ,
. . 2/1 591/0023/
/12.1.2007
.
16)
.

20 2007 (),
(5) ,
27 2007, ,
, ,
,

(20.4.2007),
, ,
,
.

..,
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...
(...).

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, ,

.
,

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...
.
,

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), ,
...
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,
,
11850
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,
.

.

2007
, .

.

.
, 17 2007

F
(2)

.

. 597/03/2007

16.4.07, . 597/03/26.10.2006
,
. 1666/14.11.2006 ...,
, ...
Ahmed Mamdouh Mohamed Sania,
, ,
, :
) (1) , 10 (1)
, 073075402
075302438.
) (17) , 7
() ,
073075402 075302438.
, 16 2007

.
F
. 10035/10488/451
(3)

....
4. .. 213/1992

(102, ).
5. .. 33/15.2.2006 (35 )
.
6. .. 372/95

(201 ).
7. . 213/26.2.2007 773/26.2.2007
.....
8. . 8316/171/2.4.2007 9504/189/12.4.2007

.
9. T

...., :

....,
1 .. 5/2007,
1.1.2007 :

1.1.2007
1
671,99
2
820,73
3
979,73
4
1.069,59
5
1.233,74
6
1.391,47
7
1.487,90
8
1.608,89
9
1.717,59
10
1.826,35
11
1.935,06
12
2.043,76
13
2.152,52
14
2.261,23

.
, 19 2007

F
. 4444
(4)

().
:
1. . 2676/1999 (1, )

.
2. 5 .. 258/05 (316, ),

1 .. 5/2007 (4 ).
3. .. 63/2142005 (98 )

.
:
:
1. . 2503/1997 (... 107/) , ,
,
.
2. 6 . 2527/1997
. 2190/1994

.
12159
. 691
3 2007
. 2/35628/022/
27.7.2001 ( B 1049)
,

, .... ... (
27 . 34 37 . 2166/1993 .................................
1
10
(reopening) 20.4.2007,
, 20.7.2017 ........ 2
.......... 3

STEFAN RODINA STEFAN ...................... 4

15/07

......................................................... 5
. 3/../
..16656/7.2.2007 ( 191//14.2.2007)
...... 6
. 305875/8404/505

, ,

20002006
,
. 319457/16773/561
,
,
....... 7

.............................................................................................................. 8

............................................................................. 9
. 3480/21.11.2006
.. ....
. 425/42/21.11.2006
. 3018/58/
8.11.2006 ..
. 272/42/1.11.2005

.............. 10
. 2/21409/0022
(1)
. 2/35628/022/
27.7.2001 ( B 1049)
,

, ....
... ( 27 . 34 37 . 2166/1993).

,

:
1. :
1.1. 9 10 7 ..
2326/1940
( 145/.).
1.2. 34, 35, 36 37
27 . 2166/1993 ( 137)

.
1.3. 40 . 849/1978 ( 232)

.
1.4. 27 . 2081/1992 ( 154/)
.
1.5. . 3205/2003 ( 297/)
..
2. :
2.1. . 2/35628/022/27.7.2001 ( 1049)

,
,

12160
( )

, .... ... .. .....
2.2. . 37930/101264/14.10.2005 ( 1432/
/2005)

. 5733/
179/9.2.2006 ( 204/13.2.2006/.).
3. ,
. 3 .
2/35628/022/27.7.2001 ( 1049)
,
,
,

, .... ...
27 . 34, . 2166/1993,
(6) .
4.
,

(...., , ,
...)
,
(),
. 34, 35, 36 37
27 . 2166/1993,
(

).
5.

(16.984) ,
, :
. 2/35628/022/
27.7.2001 ( 1049) :
1. .
3 9 8,

.....
2. ) . 3
:
)
, 300,00 .
1.1.2007.
3. 3 5
3 4.
. 2/35628/022/27.7.2001
( 1049) .

.
, 17 2007

.
,
F
. 2/23807/0023/
(2)
10
, 20.7.2017.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997
( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999

( 16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1591/0023/12.1.2007

17.1.2007 ,
, , 10 , 20.7.2017.
13. . 37930/ 1264/14.10.2005 ( 1432/
/14.10.2005)

. 5733/ 179/9.2.2006 ( 204/13.2.2006/.).
14. . 397/13.4.2007 ....,
:
20.4.2007, (re
opening) (17.1.2007)
, ,
, 10 20.7.2017.

1) ,
, ,
, (10) ,
17.1.2007 20.7.2017.
2) ,
,
( )
,
(...),
.
3) 1.000 ,
99.006 %
,
17 2007,
.
4)
.
5)
4,30%
.
6) .

.
1.000,
365
.

20.7.2008
.
. 20.4.2007
(reopening)
,
17.1.2007
20.4.2007 , 2
.
.
,
( 1.000) ,
4,30%
93/365 1,095616%.

10,96.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN B,
,

.

1)
..,
, ,
,
,
.
12161

16 2007
18 2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
,
,

.
4)
, ,
.

... .
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,

, .
6)
,
, ISIN

.

,
.

,
.
7) (Settlement)
20 2007,
(reopening) 17.1.2007.
8)

0,15%.
...
0,04%.

2007
,

.

.
, 17 2007

15061

. 937
12 2007

.. (...) 6.670.000,00 . ......

.. (...) 5.500.000,00 . ......

() ..
800.490.000 . .......................................................
30.5.2007
, , ,
, 20.3.2024..............

. .............................................................................................................
2007

................
. 2/29771/0025
(1)

.. (...) 6.670.000,00 .

:
1. . 2322/1995 ( 143//12.7.1995),
. 3429/2005 ( 314/27.12.2005).
2. . 9500//477/1.3.2007
,
, &
&
,
6.670.000,00 .
3. . 15
... 4 2007.
4. . 5278/3063/11.5.2007

6.670.000 .
5. 81/21.3.2002 ( 57/)

.
6. . . 37930/1264/14.10. 2005

( 1432/.
/14.10. 2005), :
.

.. ()
(6.670.000 ),

.

... ..
.

855 867 ..

853, 858, 862, 863 . .

8789 ..
:
:
6.670.000
20
15064
( )
,
Euro mid
swap rate
6 EURIBOR,
0,11% .
ACT/ACT. r
0,50%

:

.
,

ALPHA

(2)

.
ALPHA BANK,
...

.
II. 1%
,

. 2009593/1391/7.2.1996.
III.
,
,
.

.
, 25 2007

F
. 2/32913/0023/
(4)
30.5.2007
, , ,
, 20.3.2024.

:
1. 31 32 .1914/90

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995
( 247//
27.11.1995).
5. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998.
6. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999),
37 . 3130/2003 ( 76//2003).
7. 26 . 2515/1997
(
154/1997), 31
. 2733/1999
( 155/1999).
8. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
9. . 2/4627/0023/25.01.2001
,
,
.
10. . 37930/ 1264/14.10. 2005 (
1432//14.10.2005)
&
&
.
11. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
12. . 2/75193/0023/28.12.2006
&

(
7/. /12.01.2007).
13. . 526/22.5.2007,
...., :
30.5.2007
, , ,
, 20.3.2024.
,

,

.
.
1.
,
, ,
30 2007 20 2008 (short
coupon),
20.3.2024.
2. ,
,
,
(...),
.
( )
3. 1.000.
4. (30.05.2007),
99,719%.
,
0,175% .
5. ( ),
( 5.000.000.000) .
6. 4,70%,
, .
8. .

.
( 1.000),

365 366 {actual/actual (ICMA)}
.
.
20.03.2008
, .

30 2007 ()
20 2008 ( ).

,
( 1.000), 4,70%
295/366
37,88.
.

.

,

..R.G.E.T.
9.
,
8.
10.

(10%).
.

.
.
11.
.
12.
. , ,

(...), .
13.
& ,

,
.
14.
,
(....)
(..C.).
15.
(Stripping).
15065

(ISINS).
16.
.
17. ,

,
,
,
.

2007,
,
,

.

.
, 24 2007

F
. 17539
(5)

.

E :
1. 12 . 1188/1981,
. 8 . 5
. 2307/1995.
2. . 8 . 2503/1997.
3. . 6/2007

.
4. . 58/2007

.
5.
. 10/2007
.
6. . . 16978/2003

. (... 1693/18.11.2003), :
. 6/2007

,

:
1

:
/
15145
. 946
13 2007
. 2/34182/0023/
(1)
10
, 2.3.2007
20.8.2012.
10
(reopening)
1.6.2007, ,
2.3.2007 20.8.2012. ......................................

RESILUX
.. RESILUX ,
. 2601/1998..........

2007. ..............................................................................
: )

:

)
.........................................

. ..................................

, .. &
.. 2007.

. .........

............

TAMSULIJN. .......................................................................

OMEPRAZOLE/WINTHROP. ...................................

TAMSULOSIN/HEXAL .................................................

TOSTRAN. ...........................................................................
2
3
4
5
6
7
8
9
10
11
12

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999), 37
. 3130/2003 ( 76//2003).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
8. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
9. 26 . 2515/1997
. (
15146
( )
154 /1997), 31
. 2733/1999
.. ( 155//1999).
10. . 2021180/2981/0023/31.3.1997
&
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 2/13482/0023/27.2.2007
&
5 2.3.2007
20.8.2012.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
&
&
& ,
. 5733/ 179/2006,
.
14. . 2/75201/0023/28.12.2006
&

.
15. . 552/25.5.2007 ...,
:

1.6.2007 reopening
(2.3.2007)
, , , 5
20.8.2012.

1) , 1.6.2007
,
, (5) ,
2.3.2007 20.8.2012.
2) 1.000
.
3)
4,10%
.
4)
(
1.600.000.000).
5) .

.
1.000,
365 366 {actual/
actual(ICMA)} .

20.8.2008
.
. 1.6.2007
(reopening)
,
2.3.2007
1.6.2007
, 2 .
.
,
( 1.000) ,
4,10% 91/365
1,022192%.
10,22.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 29 i
2007,
(....).
2)
,
5
.
(
5.000.000)
.

(
1.000.000).
3)

.

(clean
price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.
( )

.
,
29 2007 12.00
.
6)

29 2007
12:45 ,
(....).
7)
,
( 12:00
31 2007),
,

20%
.

,

.

.

12.45 31
2007, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(reopening)
(2.3.2007).
11)
(Stripping).
(SIN)
2.3.2007.
12)
.
13)
& ,

,
.
14)
,
(....)
(O.T.C.).
15147
15) ,
. 2/13482/0023/
/27.2.2007
.
16)
.

1 2007 (),
(5) ,
8 2007, , ,
,
,

(1.6.2007),
, ,
,
.

..,
(...)
...
(...).

, , ISIN
, ,

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN B
,

, .

,
, ISIN

.
,
,
. ,

,
.

.
15148
( )

2007
,

.

.
, 29 2007

F
(2)

RESILUX
.. RESILUX ,
. 2601/1998.

1. . 22645//1/00564/.2601/98/
23.5.2007

RESILUX
.. RESILUX ,

PET

PET, ,
:
()

(2.465.690,00)

(1.914.089,00) .
()

(968.529,00)
50,6%
.
()

(574.226,00)
30%
.
()

(371.334,00)
30%.
() (45)
(55)
.
() :
19.9.2006.

(257.292,00) .

.

F
. . 10039/14621/648
(3)

2007.

:
1. 66 . 2084/1992 (165
)
.
2. 30, . 1027/1980 (49,
),
7, . 1275/1982 (100, )
43, . 1469/1984 (111, ).
3. .. 63/30.4.2005 (98 )

.
4. . 1/10.3.2004
(513, )
.
5. .. 77/30.4.2007 (92,)
& .
6. .. 213/1992 (102, )
.
7. .. 372/95 (201, )

, &
.
8. . 3413/22/16.3.2007
,
2007.
9. . 6/12.2.2007

.
10. . 10975/222/22.5.2007 3294/35/2.3.2006

.
11. 90

.. 63/2005 (98, )
,
,

, 200 . ,
,
4%.
12.
.. 0611, 0615, 0618, 0644
2007
, 3.430.000,00 ,
:
15153
. 947
13 2007
. 2/33926/0023/
(1)
5
, 20.8.2012.
5
,
20.8.2012. ...............................................................................................

() ..............................................................

(..) ........................................................................................

(..)
(..)......................................................................

. 3
48 . 3518/2006. ......................................

. ..

. . ...........................
,

. ...............................
,

. ..............
GOLUBEVA
ALBINA ...............................
SHAMANIDI
AVTANDYL . ...............
TEKHISHVILI
LUDMILA ........
PASENOV
ANDREI . ..........

.............
. 2 . 16

............................................
2
3
5
6
7
9
10
11
12
13
14
15

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
...( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999),
37 . 3130/2003 ( 76//2003).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
9. 26 . 2515/1997
.. (
154 /1997), 31
15154
( )
. 2733/1999
.. ( 155//1999).
10. . 2021180/2981/0023/31.3.1997
&
, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 2/13482/0023/27.2.2007
&
5
2.3.2007
20.8.2012.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)
&
&
& .
14. . 2/75201/0023/28.12.2006
&

.
15. . 552/25.5.2007 ....,
:
1.6.2007, (re
opening) (2.3.2007)
, ,
, 5 20.08.2012.
.
1) ,
, ,
, (5) ,
2.03.2007 20.08.2012.
2) ,
,
,
(...),
.
3) 1.000 ,
98.513 %
,
29 2007,
.
4)
.
5)
4,10%
.
6) .

.
1.000,
365
366 {actual/actual (ICMA)}
.

20.8.2008
.
. 1.6.2007
(reopening)
,
2.3.2007
1.6.2007
, 2 .
.
,
( 1.000) ,
4,10%
91/365 1,022192%.

10,22.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN ,
,

.
:
1)
..,
, ,
,
,
.

29 2007
31 2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
,
,

.
4)
, ,
.

... .
( )
5) ISIN
,

, .
6)
,
, ISIN

.

,
.

,
.
7) (Settlement)
1 2007, (re
opening) 2.3.2007.
8)

0,15%.
...
0,04%.

2007
,

.

.
, 29 2007

F
A. .959.3/3/499535 . 3239
(2)

()
.

:
1. :
. 75 87 .. 1324/1949 ( 326)

,
21 . 1043/1980 (
87) 13 . 1680/1987 ( 7).
. 25 . 2292/1995 ( 35/954).

,
.
. .. 363/1997 ( 241/1997)

.
. 90 .. 63/2005

( 98).
2. . 246717/3.3.2006

15155

( 274).
3. 1022/4/2.5.2007 /.
4.

, 7.197.345
0632
0635, / 2007, :
5.

(), :
. , ,
,
(2.000 ) .
. ( ),
,
(470 ) .
6.
.

.
, 24 2007

F
A. 56645/2
(3)

(..)

:
1. 18 . 1,
. 3475/2006

( 146).
2. ,
. 12/4.5.2006
.
3.

, :

(..)
1. ( )
2. CNC
3.

4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
20273
. 1391
3 2007
(1)

. . ...................................................................
(1)
. . ...............
10
13.7.2007
, (reopening)
17.1.2007 20.7.2017. .................................................

13, 26 52
6.7.2007 . ...............................
10

20.7.2017. .................................................................................................

3.7.2007. .........................................
1
2
5
6
. .913.1/1107/07
(1)
(1)

. .

:
. . . 919.332743/4/07/.926/4.6.2007
. ,
(1)
. .
. . 1629/1951 .
. . 010/11/95003/24.12.1991

/.
. 90
,
.. 63/2005 (
98 ).
.

, :
1. (1)

. .
. : .
. :
.
. :
. 1629/1951
.
. : .
. : . ,
.
2. ,
11 . () . 1629/1951
,
:
.
/,
. .
.

.
, . .
. .
2
,
2.
3.
.

.
4. . 1629/1951 ,

. ,
,
,
.
5.
, .
20274
( )

.
6.

,
. .

.

.
F
. . 913.1/1106/07
(2)
(1)
. .

:
. . . 919.34022/6/07/. 930/6.6.2007
. , (1)

. .
. 1629/1951 .
. . 010/11/95003/24.12.1991

/.
. 90
,
.. 63/2005
( 98).
.

, :
1. (1)
. .
. : .
. :

.
. :
. 1629/1951
.
. : .
. : . ,
.
2. ,
11 . () . 1629/1951

:
. ,

/,
. .
.

.
, . .
. .
2
,
2.
3.
.

.
4. . 1629/1951 ,

. ,

, ,
.
5.
, .

.
6. ,

,
. .

.
, 18 2007

.
F
. 2/44950/0023/
(3)
10
13.7.2007 ,
20.7.2017.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247/27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

( )
(...)
( 151/6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1591/0023/12.1.2007

17.1.2007 ,
, , 10 ,
20.7.2017.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
14. . 2/75201/0023/28.12.2006

.
15. . 752/6.7.2007 ....,
:

13.7.2007 reopening
(17.01.2007)
, , , 1
20.7.2017.

1) , 13.7.2007
,
, (10) ,
17.1.2007 20.7.2017.
2) 1.000
.
3)
4,30%
.
4)
(
1.600.000.000)
5) .

.
1.000,
365
.

20.07.2008
.
. 13.7.2007
(reopening)
,
17.1.2007 (
) 13.7.2007 (
) , 2
.
20275
.
,
( 1.000) ,
4,30%
177/365 2,085205%.

20,85.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 10
2007,
(....).
2)
,
5
.
( 5.000.000)

.

(1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.
20276
( )

.
,
10 2007 12.00
.
6)

10 2007
12:45 ,
(....).
7)
,
( 12:00
12 2007),
,

20%
.

,

.

.

12:45 12
2007, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(reopening)
(17.1.2007).
11)
(Stripping).
(ISIN)
17.01.2007.
12)
.
13)
,

,
.
14)
,
(....)
(O.T.C.).
15) ,
. 2/1591/0023/
/12.1.2007
.
16)
.

13 2007 (),
(5) ,
20 2007, , ,
,
,

(13.7.2007),
, ,
,
.

..,
(...)
...
(...).

, , ISIN
, ,

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN
,

, .

,
, ISIN

.
,
,
.
,

,
.

.
( )

2007
,

.

.
, 10 2007

F
. 2/42140/0023
(4)

13, 26 52 6.7.2007
.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994

( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998),
37 . 3130/2003 ( 76//2003).
5. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
6. 64, 90 91 . 2362/
1995 ( 247/27.11.1995).
7. . 2628/6.7.1998

(....)
( 151/6.7.1999).
8. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
9. .. 3745/1957
,
4 . 1266/1982.
10. . 2/89260/29.12.2000

.
20277
11. . 2/75193/0023/28.12.2006

( 7/./12.1.2007).
12. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
13. 29 2007 ....,
:
,
, 13, 26, 52
, 6
2007 5.10.2007
13 , 4.1.2008
26
4.7.2008 52
.

, . ,
,
360
(ACT/360).
:
3,82% 13
,
3,97% 26

4,18% 52
,
,

3 2007 .

10%
.
(
) ,
..,
(ISIN ).

, , ,

,
.

2 2007
4 2007.
,
:
... ,
... ,
...,
...,
,
.
1.000
,
1.000

20278
( )
15.000 .
... ...
1.000 .
, ,
,

, .
,
,
.
...
.
,
,
ISIN ,
.

.

ISIN ,
,
,

ISIN ISIN ().
.

, 0,15%.
...
0,04%.
. 2/89260/0023/29.12.2000

.

2007,
2008,
.

.
, 3 2007

F
. 2/44951/0023/
(5)
10

20.7.2017.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247/27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/2832003
( 76/)
....
9. . 2628/6.7.1998

(....)
( 151/6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/1591/0023/12.01.2007

17.01.2007 ,
, , 1 ,
20.7.2017.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
14. . 2/75201/0023/28.12.2006

.
15. . 752/6.7.2007 ....,
:
13.7.2007, (re
opening) (17.1.2007)
, ,
, 1 20.7.2017.

1) ,
, ,
, (10) ,
17.1.2007 20.7.2017.
2) ,
,
,
(...),
.
( )
3) 1.000 ,
95,822 %
,
10 2007,
.
4)
.
5)
4,30%
.
6) .

.
1.000,
365
.

20.7.2008
.
. 13.7.2007
(reopening)
,
17.1.2007 (
) 13.7.2007 (
) , 2
.
.
,
( 1.000) ,
4,30%
117/365 2,085205%.

20,85.
7)
.

,
,
.
,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN ,
,

.

1)
..,
, ,
,
,
.
20279

9 2007
11 2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN
,

, .
6)
,
, ISIN

.

,
.

,
.
7) (Settlement)
13 2007,
(reopening) 17.01.2007.
8)

0,15%.
...
0,04%.

2007
,

.

.
, 10 2007

20280
( )
. 2/42144/0023
(6)

3.7.2007.

:
1. 1 2 .. 3745/1957
.
2. 1 4 . 1266/1982

.
3. . 2/21667/0023/3.4.2007

13, 26 52 .
4. . 2/42140/0023/3.4.2007

13,
26 52 3.7.2007

.
5. 3.7.2007
13, 26 52
.
6. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

,
:
1.
, .. 3745/1957,
3 2007 :
) 13
3.82%
) 26
3,97%
) 52
4,18%
2.
3 2007
13, 26 52 ,
.
3.
(3.7.2007)

.

2007 2008,

.

.
, 3 2007

*02013910308070008*
34 * 104 32 * . 210 52 79 000 * FAX 210 52 21 004

: http://www.et.gr e-mail: webmaster.et@et.gr
25405

. 1753
3 2007

30 31 2006
. .....................................
1

(T.E.I.) . ................ 2

(...)
. ............................................................................................................ 3

... 2006. ................... 4
. 37618/.1691
(1)

30 31 2006
.

,

:
1. 36 . 2459/1997 (
17/. /18.2.1997)
.
2. 41 . 1 5, 47 . 3, 90

..
63/2005
( 98/).
3. 22 . 2362/1995 ( 247/. /27.11.1995)
.
4. . 938/ 11/15.4.1998 .
, .
,
.
5. . 6992//32/7.3.2007

, ,

, ,

30 31
2006.
6. . 3.821/7.12.2006
.
7.

30 31 2006, :
1
1.
30
31 2006
, . 6992/
/32/7.3.2007
,

, ,

, ,
,
.

,
, ,
,

.
2.
30%
,
,
,
36 . 2459/1997.
3.

(),
25407
( )
6 2 . 3554/2007 (
80//16.4.2007) 2007,
.
2. . 2362/1995 ( 247 )
,
.
3. 90

.. 63/2005 ( 98).
4. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

.
5.

(...)
,
(....),

(...) ,

,

,
.
6.

,

,
,
:
1.

(...) ,

(....),
(...)
,
(70) .

(70) .

(55 ).
2.

(80 ).,
20%
.
3.

0,15 .
4.
, . 2685/1999 (
35//18.2.1999).
5.

.

.
, 31 2007
.

F
. 2/23427/0023
(4)

... 2006.

:
1. , 3 . 2458/1997
( 15//1997)
.
2. 31 32 . 1914/1990

,
.
3. 1 . 2187/1994 ( 16)

...
4. 5 12 .
2198/1994 ( 43/22.3.1994)
,

( ).
5. 11 . 2459/1997
... ( 17/ /1997),
9
. 2579/1998.
6. . .34/244/8.2.1999 ( 120/18.2.1999)

2 3 . 2458/1997
.
7. . 2021180/2981/0023/1997

.. .
8. . 8985/1785/11.4.2007

2006.
9. . 1125/1/27.3.2007 ,

,
2006.
10. . 2/4627/0023/25.1.2001
,
,
.
11. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

&
, .
5733/ 179/2006 ( 204) .
25408
( )
12. . 154 29.8.2007

.
13. . 2/32913/0023/24.5.2007
15
30.05.2007
20.3.2024.
, :

(reopening)
,
3.9.2007 , ISIN GR0133003161,
30.5.2007
20.3.2024,

( 465.724.000,00).
3.9.2007
ISIN
GR0133003161
465.724.000,00
98,77%
459.995.594,80
5.742.376,92
465.737.971,72

( 465.737.535,89)

(
465.737.971,72), ..
3.9.2007

( 435,83).

2007,
3 . 2458/1997.
.
1.000.
,
, 98,77%,
. 154 29.8.2007
.

4,70% .

.
1.000,
365 366
{actual/actual (ICMA)}
20.3. ,
20.3.2008.
3.9.2007
(reopening)
,
30.5.2007 (
) 3.9.2007 (
) 2
.

,
( 1.000) ,
4,7% 96/366
0,01233%.

1.000 12,33.

.
,

T.A.R.G.E.T.

.

(10%).
.

.
.

.

. 2/32913/0023/24.5.2007
.

2007,
2024,

.

.
, 29 2007

*02017530309070004*
34 * 104 32 * . 210 52 79 000 * FAX 210 52 21 004

25629
. 1769
4 2007
. /2/22055
(1)

().

().............................................

..

. 3299/2004. ............................................................................ 2

, , , ,

.. ..
. 3299/2004. ................................................................. 3
.
& .. .. STAMENCO
. 3299/2004. ....................................................... 4
.
& .. .. STAMENCO
. 3299/2004. ....................................................... 5

CAPOCCI
..
CAPOCCI A.E., . 3299/2004. 6
.
& .. .. STAMENCO
. 3299/2004. ....................................................... 7
15
(reopening)
24.8.2007,
20.3.2024. ...................................................................... 8
15
24.8.2007
, (reopening)
30.5.2007 20.3.2024. ............................................. 9

(...)......................................................................................................... 10

. ................................... 11
,

:
1. 31 . 3013/2002 (...
102//1.5.2002)
.
2. 5 . 8 .
2880/2001 (... 9//30.1.2001)

.
3. . /.1/2/6139/23.3.2004 (...
527//24.3.2004)
,

, .
4. . 2 1
. /2/./1692/27.6.2006 (... 769/
/27.6.2006) ,

.....
5.
()
.
6.

.
7. . /4/257/9745/31.7.2007
/

.
8.

, :
I.

,
:
25631
( )

(653.000,00) 45%,

(293.850,00) .

.
:
25.5.2007.

.
OI Y
Y.

F
(5)
.
& .. .. STAMENCO
. 3299/2004.

. 27973//4/00917/. 3299/2004/
26.6.2007

. 3299/2004 .
& ..,
,

99KW

(653.000,00) 45%,

(293.850,00) .

.
:
25.5.2007.

.
OI Y
Y.

F
(6)

CAPOCCI
..
CAPOCCI A.E., . 3299/2004.

. 28009//4/01032/. 3299/2004/
26.6.2007

. 3299/2004 CAPOCCI

.. CAPOCCI A.E.,

,

(.. 631) ,
, ,

(314.900)
35%,
(110.215) .
(3)
(3 ).
: 14.6.2007.

.
OI Y
Y.

F
(7)
.
& .. .. STAMENCO
. 3299/2004.

. 27975//4/00925/. 3299/2004/
26.6.2007

. 3299/2004 .
& ..,
,

97,02KW
()

(653.000,00)
40%,
(261.200,00) .

.
:
25.5.2007.

.
OI Y
Y.

F
. 2/52277/0023/
(8)
15

20.3.2024.

:
1. 31 32 . 1914/1990

,
(... 178/17.12.1990).
25632
( )
2. 1 . 2187/1994
(... 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) (... 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... (... 247 /27.11.1995).
5. 11 . 2459/1997

(... 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (...
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (...
207//27.9.2000).
8. 37 . 3130/28.3.2003
(... 76/)
....
9. . 2628/6.7.1998

(...)
(... 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
(... 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/32913/0023/24.5.2007

30.5.2007 ,
, , 15 ,
20.3.2024.
13. . 37930/ 1264/14.10.2005 (...
1432//14.10.2005)

.
14. . 2/75201/0023/28.12.2006

.
15. . 923/17.8.2007 ....,
:
24.8.2007, (re
opening) (30.5.2007)
, ,
, 15 20.3.2024.

1) ,
, ,
, (15) ,
30.5.2007 20.3.2024.
2) ,
,
,
(...), .
3) 1.000 ,
98.449 %
,
21 2007,
.
4)
.
5)
4,70%
.
6) .

.
1.000,
365
.

20.3.2008
.
. 24.8.2007 (re
opening)
,
30.5.2007 (
) 24.8.2007 ( ) ,
2 .
.
,
( 1.000) ,
4,70% 86/366
1,104372%.
11,04.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN B,
,

.

1)
..,
, ,
,
,
.
( )

20 2007
22 2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN B
,

, .
6)
,
, ISIN

.

,
.

,
.
7) (Settlement)
24 2007,
8)

0,15%.
...
0,04%.

2007
,

.

.
, 21 2007

25633
A. 2/52278/0023/
(9)
15
24.8.2007 ,
20.3.2024.

:
1. 31 32 . 1914/1990

,
(... 178/17.12.1990).
2. 1 . 2187/1994
(... 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) (... 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... (... 247 /27.11.1995).
5. 11 . 2459/1997

(... 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (...
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
(... 207//27.9.2000).
8. 37 . 3130/28.3.2003
(... 76/)
....
9. . 2628/6.7.1998

(...)
(... 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
(... 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 22/32913/0023/24.05.2007

30.5.2007 ,
, , 15 ,
20.3.2024.
13. . 37930/ 1264/14.10.2005 (...
1432//14.10.2005)

.
14. . 2/75201/0023/28.12.2006

.
25634
( )
15. . 923/17.08.2007 ....,

:

24.08.2007 reopening
(30.5.2007)
, , ,
15 20.3.2024.

1) , 24.08.2007
,
, (15) ,
30.5.2007 20.3.2024.
2) 1.000
.
3)
4,70%
.
4)
(
1.200.000.000)
5) .

.
1.000,
365 366 {actual/
actual(ICMA)} .

20.3.2008
.
. 24.08.2007
(reopening)
,
30.5.2007 (
) 24.8.2007 (
) , 2
.
.
,
( 1.000) ,
4,70%
86/366 1,104372%.

11,04.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 21
2007,
(....).
2)
,
5
.
( 5.000.000)

.

(
1.000.000).
3)

.

(clean
price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
21 2007 12.00
.
6)

21 2007
12.45 ,
(....).
7)
,
( 12.00
23 2007)
,

20%
.

,

( )

.

.

12.45 23
2007, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(reopening)
(30.5.2007).
11)
(Stripping).
(SIN)
30.5.2007.
12)
.
13)
& ,

,
.
14)
,
(....)
(O.T.C.).
15) ,
. 2/1591/0023/
/12.01.2007
.
16)
.

24 2007 (),
(5) ,
31 2007, ,
, ,
,

(24.8.2007),
, ,
,
.

..,
(...)
...
(...).
25635

, , ISIN
, ,

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN B
,

, .

,
, ISIN

.
,
,
. ,

,
.

.

2007
,

.

.
, 21 2007

F
A. 75365/2
(10)

(...).

:
1. 16 . 3205/2003 (...
297/23.12.2003 .)
27257
. 1922
18 2007
5
,
2.3.2007 20.8.2012...................................................
1
5
(reopening)
21.9.2007, ,
2.3.2007 20.8.2012 ....................................... 2

,
(9)

(1) ...................................... 3
. 2/56999/0023/A
(1)
5
, (re
opening) 21.9.2007 2.3.2007
20.8.2012.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
...( 247 /27.11.1995).
5. 11 .2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999),
37 . 3130/2003 ( 76//2003).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. . 2628//6.7.1998

(....)
( 151 /6.7.1998).
9. 26 . 2515/1997
.. (
154 /1997), 31
. 2733/1999
.. ( 155//1999).
10. .2021180/2981/0023/31.3.1997

, ...
(286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/13482/0023/27.2.2007

5 2.3.2007
20.8.2012.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

,
. 5733/ 179/2006
( 204 ).
27258
( )
14. . 2/75201/0023/28.12.2006

.
15. . 1028/14.9.2007 ....,
:
21.9.2007
, , , 5
20.8.2012, (reopening)
(2.3.2007).
.
1) ,
, ,
, (5) ,
2.3.2007 20.8.2012.
2) ,
,
,
(...),
.
3) 1.000 ,
99,301%
,
18.9.2007
.
4)
.
5)
4,10%
.
6) .

.
1.000,
365
.

20.8.2008
.
. 21.9.2007
(reopening)
,
2.3.2007 (
) 21.9.2007 (
) , 2
.
.
,
( 1.000) ,
4,10%
91/365 ( 2.3.2007
20.8.2007) 32/366 4,10%
( 20.8.2007 21.9.2007)
2,279292%.
22,79.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN ,
,

.
.
1)
..,
, ,
,
,
.

17.9.2007
19.9.2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN
,

, .
6)
,
, ISIN

.

,
.

,
.
( )
7) (Settlement)
21.9.2007, (re
opening) 2.3.2007.
8)

0,15%.
...
0,04%.

2007
,

.

.
, 18 2007

F
. 2/57000/0023/
(2)
5
, 2.3.2007
20.8.2012.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247 /27.11.1995).
5. 11 .2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16 /1999),
37 . 3130/2003 ( 76//2003).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
(
207//27.9.2000).
8. . 2628//6.7.1998

(....)
( 151 /6.7.1998).
27259
9. 26 . 2515/1997
.. (
154 /1997), 31
. 2733/1999
.. ( 155//1999).
10. . 2021180/2981/0023/31.3.1997

, ...
(286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/13482/0023/27.2.2007

5 2.3.2007
20.8.2012.
13. . 37930/ 1264/14.10.2005 (
1432//14.10.2005)

,
. 5733/ 179/2006
( 204 ).
14. . 2/75201/0023/28.12.2006

.
15. . 1028/14.9.2007 ....,
:

21.9.2007 (reopening)
(2.3.2007)
, , , 5
20.8.2012.
.
1) , 21.9.2007
,
, (5) ,
2.3.2007 20.8.2012.
2) 1.000
.
3)
4,10% ,
.
4)
(
1.500.000.000)
5) .

.
1.000,
365
.

20.8.2008
.
. 21.9.2007
(reopening)
,
2.3.2007 (
) 21.9.2007 (
27260
( )
) , 2
.
.
,
( 1.000) ,
4,10%
91/365 ( 2.3.2007
20.8.2007) 32/366 4,10%
( 20.8.2007 21.9.2007)
2,279292%.
22,79.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.
.
1)

, 18
2007,
(....).
2)
,
5
.
( 5.000.000)

.

(1.000.000).
3)

.

(clean
price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
18.9.2007 12.00
.
6)

18.9.2007
12:45 ,
(....).
7)
,
( 12:00
20.9.2007),
,

20%
.

,

.

.

12:45 20.9.2007,
().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
(Settlement) 21.9.2007,
(reopening) (2.3.2007).
11)
(Stripping).
(ISIN)
2.3.2007.
12)
.
13)
,

( )
,
.
14)
,
(....)
(O.T.C.).
15) ,
. 2/13482/0023/
/27.2.2007
.
16)
.
.

21.9.2007 (),
(5) ,
28.9.2007, , ,
,
,

(21.9.2007), ,
,
,
.

..,
(...)
...
(...).

, , ISIN
, ,

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN
,
,
.

,
, ISIN

.
,
,
. ,

27261
,
.

.

2007
,

.

.
, 18 2007

F
. 31128/7375
(3)

, (9)

(1) .

:
1. . 2218/1994 2240/1994
.
2. . 2503/1997 ,
....
3. . 2527/1997
. 2190/1994, 6
, . 15
. 1 . 3260/2004 ( 151//6.8.2004).
4. . 7563/2522/26.3.2007
....
2007
.
5. . /.. 1/375/10979/24.7.2007
2 . 1
. 33/2006 .. ( 280//27.12.2006).
6. . . 47412/12.8.2007 /

(9)

(1) .
7. 27.2.2007
.. ,

.
8.
,

, :

, (9)
:
30031
. 2162
8 2007
10
19.10.2007 ,
17.1.2007
20.7.2017. .................................................................................................
10
19.10.2007,
17.1.2007
20.7.2017. .................................................................................................

............................................

, . ...................

, . ..........................
. /1164/5/4/00235//
29.12.2006/. 3299/2004

.32999/2004. ......................................................................................
. . /1272/05/4/00310//
29.12.2006/.3299/2004

. 3299/2004. ............................................................................

..............................................................................................

,
,
. .........................................................................................................

, ,
. .....

,
. ....

,
2
3
4
5
,
. .........................................................................................................

, . ..............

, . ..............

. .................

. ...................................

. ...

.

. ...............
(41)

..............................................................
12
13
14
15
16
17
18
19
20
. 2/62409/0023/
(1)
10
19.10.2007 ,
17.1.2007 20.7.2017.

10
11
:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
,

30032
( )

( )
( 43/22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997), 9
. 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
,

, .
12. . 2/1591/0023/12.1.2007

17.1.2007 ,
, , 10 ,
20.7.2017.
13. . 2/75201/0023/28.12.2006

.
14. . 1175/12.10.2007 ....,
:

19.10.2007 reopening
(17.1.2007)
, , , 10
20.7.2017.

1) , 19.10.2007
,
, (10) ,
17.1.2007 20.7.2017.
2) 1.000 .
3)
4,30%
.
4)

( 1.500.000.000)
5) .

.
1.000,
365 366 {actual/

actual(ICMA)} .
20.7.2008

.
. 19.10.2007
(reopening)
,
17.1.2007(
) 19.10.2007( ) ,
2 .
.
,
( 1.000) ,
4,30% 184/365 (
17.1.2007 20.7.2007)
91/366 4,30% (
20.7.2007 19.10.2007
3,236797 %.
32,37.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 16.10.2007,

(....).
2)
,
5
.

( 5.000.000)
.

( 1.000.000).
3)

.

(clean
price).
4)

( )

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
16.10.2007 12.00 .
6)

16.10.2007
12:45 ,
(....).
7)
,
( 12:00
18.10.2007),
,

20%
.
,

.

.

12:45 18.10.2007,
().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10) (Settlement)
19.10.2007, (re
opening) (17.1.2007).
11)
(Stripping).
(SIN)
17.1.2007.
30033
12)
.
13)
,

,
.
14)
,
(....) (O.T.C.).
15) ,
. 2/1591/0023//12.1.2007
.
16)
.

19.10.2007 (), (5)
, 26.10.2007,
, , ,

,

(19.10.2007),
, ,
,
.

..,
(...)
...
(...).

, , ISIN
, ,

.
,

.

...
.
,

ISIN () ISIN (
), ,
... ...
ISIN B
,
,
.

, ,
ISIN
.
,
,
. ,

,
.
30034
( )

.

2007
,

.

.
12. . 2/1591/0023/12.1.2007

17.1.2007 ,
, , 10 ,
20.7.2017.
13. . 2/75201/0023/28.12.2006

.
14. . 1175/12.10.2007 ....,
:
, 16 2007
19.10.2007, (re
opening) (17.1.2007)
, , ,
10 20.7.2017.

1) , ,
,
, (10) ,
17.1.2007 20.7.2017.
2) ,
,
,
(...), .
3) 1.000 ,
97,357%
,
16.10.2007,
.
4)
.
5)
4,30%
.
6) .

.
1.000,
365 366 {actual/
actual(ICMA)} .
20.7.2008

.
. 19.10.2007
(reopening)
,
17.1.2007 (
) 19.10.2007 ( ) ,
2 .
.
,
( 1.000) ,
4,30% 184/365
( 17.1.2007 20.7.2007)
91/366 4,30% (
20.7.2007 19.10.2007
3,236797 %.
32,37.
7)
.

,
,
F
. 2/62407/0023/
(2)
10
19.10.2007,
17.1.2007 20.7.2017.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997), 9
. 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
,

, .
( )
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN B,
,

.

1)
..,
, ,
,
,
.

15.10.2007
17.10.2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN B
,

, .
6)
,
, ISIN

.

,
.

,
.
30035
7) (Settlement)
19.10.2007, (re
opening) 17.1.2007.
8)

0,15%.
... 0,04%.

2007 ,

.

.
, 16 2007

F
(3)

.

. 26/2006 ,
137 . 2960/2001,
, ,
... 106109462, 2476,37
87,44 ,
#2563,81#
,
,
BMW WBABH31050EH14663
. 11707/22.10.2002
.

.
F
(4)

, .

. 58/2007
, 137 . 2960/2001,

, , ... 074607224,
24956,98 , 8000,00
,
160,00 , 32,00 ,
# 33148,98 #
,
, MERCEDES
WDB1240501862574
. 9586/20.5.2005
.

.
1181

. 84
24 2008
2790 10.9.2007

( 1848). ............................................................................

33 15.1.2008
, (reopening)
6.2.2007 20.9.2040. .........................1
,
.
2 33 . 2190/1994

. .................................................................................................

1.1.2008
31.12.2008. ..............................................................................................
,
,

,
1.1.2008 31.12.2008. ................................................

2007/37/
21 2007,
I III 70/156/

. .................................................................... 8

............................................................................................................. 9
. 4037
(1)
2790 10.9.2007

( 1848).

,
,

,

,
1.1.2008 31.12.2008. ...................... 6
,

, 1.1.2008
31.12.2008 ................................................................................ 7
:
1. 5 . 5 . 3585/2007
,
( 148).
2. 90
,
./ 63/2005 ( 98).
3. 1 ./ 205/2007
( 231).
4. 1 ./ 215/2007

,
( 241).
5.

, :
1
1. 3 1 2790
10.9.2007 ,
:
3.
.
1182
( )
, ,
, ,
.
2. 4 1
, :
) ,
, ,
.
3. 5 1
, :
) ,
, ,
.
2

.

.
28 2007

F
A. 2/339/0023
(2)

33 15.1.2008
, (reopening)
6.2.2007 20.9.2040.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998).
5. 15 . 2628/1998 (
151//1998), 31 . 2682 /1999
( 16/1999) ),
37 . 3130/2003 ( 76//2003).
6. 64, 90 91 . 2362/
1995
( 247 //
27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
.
9. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
10. . 2/6620/0023/31.1.2007

6.2.2007 33
, , ,
20.9.2040.
11. .. 206/2007 ( 232)
.
12. . 2/85247/0023/27.12.2007 2/85248/
0023/27.12.2007

2008, .
14/1/2008, . 38/8.1.2008
....,
:

20.9.2040, ,
4,60%, .

,

.
.
1. 15.1.2008
,
, ,
6 2007
20.09.2040.
2. ,
,
,
(...) .
3. 1.000.
4.
(15.1.2008), 93,522%.
5.
0,275% .
6. ( ),
( 4.000.000.000) .
7.
, 4,60% ,
.
8. .

.
(1.000),

365 366 (actual/actual ICMA)
.
20.09.2008
,
.
( )
. 15.1.2008
(reopening)

6.2.2007 15.01.2008
, 2 .
.

( 1.000),
4,60%
226/365 ( 6.2.2007 20.9.2007)
117/366 4,60% (
20.9.2007 15.1.2008)
4,318711%.

1.000 43,19.
9.
.

.
,

..R.G.E.T.
10.

(10%).
.

.
.
11.
.
12.
. , ,

(...) .
13.
,

,
.
14.
,
(....)
(..C.).
15.
(Stripping).

(ISINS).
16.
.
17. ,

,
,
,
.
18.
. 2/6620/0023/31.1.2007
.
1183
:

2008,

,
,

.

.
, 14 2008

F
. .80427/. 1007/272
(3)
,
.
2 33 . 2190/1994

.

:
1. 33 . 2 . 2190/1994
( 28 ).
2. 16 . 3205/2003 (
297 ) 18 . 3254/2004.
3. 4 .. 591/1937, ..
43/1967, 32 . 1579/1988
22 31 . 3232/2004 (....).
4. . . 2/4598/0022/22.1.2007 (
78/30.1.2007 .
)
, ,

.... , ....
......
5.

,
. 2 33 . 2190/1994.
6.

(45.000,00)
...., :

, (5)

,
. 2 33 . 2190/1994, :
(5)

(90) 2008,
:
,

1841
. 129
29 2008

25.7.2030
29.1.2008 , (re
opening) 16.4.2007 ...................

,
,
,
..

,
,
...
................
. . 1485/66/04

....................
. 20083/11.6.2007

/ ( ). ...................................
/.

/ ..................................................................................................
.
/ ....................................................................................
...
(6) ..............................................
5
6
7
8
9
. 2/4897/0023A
(1)

25.7.2030
29.1.2008 , (reopening)
16.4.2007.

:
1. 31 32 . 1914/1990

,
( 178/./17.12.1990)
24 . 2166/1993 (
137/.).
2. 1 . 2187/1994
( 16/./8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/./22.3.1994).
4. 11 . 2459/1997

( 17/./18.2.1997),
9 . 2579/1998.
5. T 15 . 2628/1998
( 151/./1998), 31
. 2682/1999 ( 16/./1999),
37 . 3130/28.3.2003 ( 76/.)

....
6. 64, 90 91 .
2362/1995 ,
... ( 247/./27.11.1995).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207/./27.9.2000).
8. . 2628/6.7.1998

(....)
( 151/./6.7.1998).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286/./10.4.1997).
10. . 2/22468/0023/12.4.2007

16.4.2007
, ,
, 25.7.2030.
11. .. 206/2007 ( 232/.)
.
1842
( )
12. . 2/85247/0023/27.12.2007
2/85248/0023/27.12.2007

2008, .
28/1/2008, . .
81/18.1.2008 ...
, :
29.1.2008
,
( 4.000.000.000,00).

,

.

,
, 25.7.2030,
2,30%,

( ), ISIN GR0338002547
:
: 96,102%.
Index ratio 29.1.2008: 1,03182.
1.000 : 12,19 .

4.015.160.000,00.
3.966.400.000,00

(25.7.2007) (29.1.2008)
48.760.000,00
.

,
0,275%
.

,
. 2/22468/0023/12.4.2007
.

2008
,

.

.
, 28 2008

. 9107
(2)

,
, ,

.
O
:
1. : ) 16 . 3205/2003
( 297/.)
, .... ...,

,
, )
48 49 . 2721/1999 ( 112/.)
. 1756/1988 (
35/.), . 1729/1987 ( 144/.) ,
,
,

1 . 3388/2005 ( 225/.)
) 90

,
./ 63/2005 ( 98/.).
2. 16 ./ 215/2006 ( 217/.)

.
3. . 56568/28.5.2004 ( 842/.)

, ,
..,
. 82834/25.8.2005
( 1304/.), 101266/24.10.2005 ( 1490/.),
9311/26.1.2006 ( 104/.), .
4. ,
,
,
24 ,

.
5.

.
6.
800.000,00
, ...
0511 17310 ... 0511
1.900.000,00
, :
) 1.1.2008
30.6.2008 146.780 ,

,
,
,
,
4.585 ,
16 . 3205/2003.
2197
. 169
5 2008

PRICITAL ................................................................................. 12
..

2007
2008. ........................................................................................................

14.12.2007 ,
, (reopening)
2.3.2007 20.8.2012.............

(...)_
........................................................................................

, 2008. ..................................................
,

()

() .....................

2008. .........................................................................................

AFISSOV LAZAR ( )
............................................................................................................

AFISSOV FEOKLIT ( )
............................................................................................................

AFISSOV ILIA ( ) . ........

......................................................................................

2008,
/ /

.....................................................................
. 191568/27.12.2007

..... 13
. 2/79167/0022
(1)
..

2007
2008.
5
6
8
9
10
11

:
1. . 1400/1983 ( 156 .) . 21.
2. . 1256/1982 ( 65 .) ,
.. . 6.
3. 28 29 . 1566/1985 ( 167 .)
12 . 1824/1988 ( 296 .).
4. 17 . 2009/1992 ( 18 .).
5. 22 . 3 . 2362/1995 ( 247
.) ,
.
6. . 2685/18.2.1999 ( 35/1999 .)

.
7. 23 . 8 . 2530/23.10.1997 ( 218
.)
....
8. 17 . 3205/2003 ( 297 .)

, .... .
9. 4 .. 250/1992 ( 138 .).
10. 40 . 849/22.12.1978 ( 232 .)

.
2198
( )
11. 8 . 2129/14.4.1993 ( 57 .)
.
12. 11 . 1305/9.12.1982 ( 146 .)

,
... .
13. 29 . 1588/1985
( 137 .) 27
. 2081/1992 ( 154 .)
1 . 2 . 2469/1997 ( 38 .).
14. . 42362/252/28.9.2007 ( 1948/
3.10.2007)

.
15. 20.12.2005

... 2007 MIS 118875

20072008
3.650.394,00 ... (
20002006)
80% (...)
20% , :

20072008,
,

, ,

..., :
1. . :
) ,
,
..., ,
(..),

40 .
) ,
.., ,

, ,
,

... 35 .
)
30 .
)
25 .
) :
40 .
30 .
25 .
. ,
,
( )
,
...
...

.
. ,

,
...
...

.
2. )
...
)
, ...
,
( , , CDs,
,
.., , ,
)
.
,

.
10.9.2007.

.
, 23 2008

.

F
. 2/80346/0023/
(2)

14.12.2007 ,
, (reopening)
2.3.2007 20.8.2012.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247 /27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
( )
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/13482/0023/27.2.2007

2.3.2007 , ,
, 5 , 20.8.2012.
13. . 2/75201/0023/28.12.2006

.
14. . 1381/7.12.2007 ...
.
15. .. 206/2007 ( 232)
, :

11.12.2007,
14.12.2007 (reopening)
(2.3.2007) ,
5 , , ,
20.8.2012.

1) , 14.12.2007
,
, (reopening)
2.3.2007 20.8.2012.
2) 1.000
.
3)
4,10%
.
4)

(1.500.000.000).
5) .

.
1.000,
365 366
{actual/actual (ISMA)}
.
20.8.2008
.
. 14.12.2007,
(reopening) ,
2199
,
2.3.2007 (
) 14.12.2007 (
) , 2
.
.
,
( 1.000) ,
4,10%
171/365 ( 2.3.2007
20.8.2007) 116/366
4,10% ( 20.8.2007
14.12.2007) 3,220276%.

32,20 .
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 11.12.2007,

(....).
2)
,
5
.
( 5.000.000)

.

( 1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
2200
( )
).

, 20%
.

.

.

.
6) ,
11.12.2007 12.00
.
7)

11.12.2007
12:45 ,
(....).
8)
,
( 12:00
13.12.2007),
,

20%
.

,

.

.

12:45 13.12.2007,
().
9) ,
,

,
.
.
10) ,
80%

20%,
80%
.
11) (Settlement)
14.12.2007, (re
opening) (2.3.2007).
12)
(Stripping).
(ISIN)
2.3.2007.
13)
.
14)
,

,
.
15)
,
(....)
(O.T.C.).
16) ,
. 2/13482/
0023/27.2.2007
.
17)
.

14.12.2007 (), (5)
,
21.12.2007, , ,
,
,

(14.12.2007),
, ,
,
.

..,
(...)
...
(...).

, , ISIN
(GR0A14020793) ,
,

.
,

.

...
.
,

ISIN () ISIN (
), ,
...
...
ISIN
,

, .

,
, ISIN
(GR0A14020793) ISIN (GR0114020457)

.
,
,
( )
. ,

,
.

.

2007
,

.

.
, 11 2007

F
. 2/3012/0022
(3)

(...)_
.

:
1. 16 . 3205/2003

, .... ...,

,
.
2. . 42362/252/28.9.2007 ( 1948//
3.10.2007)

.
3. .. 81/20.3.2002 (57//21.3.2002

.
4. 29 . 1558/1985
27 . 2081/1992
1 . 2469/1997 (
38/).
5. .
6. . 1441/258/11.1.2008 /
. .
7.
,
21.500 ,
2008

23/720 0511, :

(5) ,

(...)
(60)
1.1.2008
31.12.2008.
2201

(..).

16
. 3205/2003.
, (1)
.

.
, 1 2008

F
. 2/40/0022
(4)

, 2008.

:
1. 56 . 3086/2002

.
2. 16 . 3205/2003

, .... ,

,
( 297//23.12.2003).
3. 29 . 1558/1985

27 . 2081/1992
.2 .1 . 2469/1997.
4. . 42362/252/28.9.2007 ( 1948//
3.10.2007)
.
5. . 134672/27.12.2007
,

...
6.

192.000,00 ,
23/630, 0511
2008, :

(86)
... (45)
,
1.1.2008 31.8.2008.

,

, .

...
.
(1)
.
2725
. 209
11 2008
. 2/79969/0023/
(1)

, , 14.12.2007
, (re opening)
2.3.2007 20.8.2012.

, , 14.12.2007
, (re opening)
2.3.2007 20.8.2012. .....
1

. ....... 2

2 ,

............................................................................................... 3

. ....... 4

....................................................................... 5

.......................................................................................................... 6

. ......................................... 7
( 6 . 1 6
.2527/1997). ......................................................................................... 8
,
,

2008,

. .................................... 9
PROTON ..
PROTON
,
,
. ......... 10

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
.2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91
.2362/1995 ,
... ( 247 /27.11.1995)
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999)
, .
7. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
. (
207/27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
2726
( )
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. 26 . 2515/1997
.. (
154//97), 31
. 2733/1999
.. ( 155//99).
11. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
12. . 2/4627/0023/25.1.2001

,
, .
13. . 2/13482/0023/27.2.2007

2.3.2007 , ,
, 5 20.8.2012.
14. . 2/75201/0023/28.12.2006

.
15. . 1381/07.12.2007 ....
16. .. 206/2007 ( 232)
, :
14.12.2007,
(reopening)
2.3.2007 ,
, 20.8.2012.

1) ,
10.12.2007 12.12.2007,
,
, 2.3.2007
20.8.2012.
2) ,
,
,
(...),
.
3) 1.000 ,
99,253%
,
11.12.2007,
.
4)
.
5)
4,10%
.
6) .

.
1.000,
365
.

20.8.2008
.
. 14.12.2007,
(reopening) ,
,
2.3.2007 (
) 14.12.2007 (
) , 2
.
.
,
( 1.000) ,
4,10%
171/365 ( 2.3.2007
20.8.2007) 116/366
4,10% ( 20.8.2007
14.12.2007) 3,220276%.

32,20 .
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN B (GR014020793),
,

.

1)
..,
, ,
,
,
.

10.12.2007
12.12.2007.
2)
:
... ,
... ,
...,
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
( )
,
,

.
4)
, ,
.

... .
5) ISIN B
(GR014020793)
,
,
.
6)
,
, ISIN
(GR014020793) ISIN (GR0114020457)

.

,
.
,
.
7)
8)

0,15%.
...
0,04%.

2007
,

.

.
, 11 2007

F
A. 3973/87
(2)

.
O Y

:
1. .. 63/2005
.
2. .. 368/1989

.. 436/1991.
3. .. 95/1993
.
2727
4. .. 372/1995

.
5. ./ 515/1970

.. 264/1973.
6. 18 ./ 8.4.1932

..
16 .. 1037/1971

.
7. ./ 27.6.1932

.
8. ./ 14.8.1950
()
.
9. .. 410/1988
,
... .....
10. . 2/80345/0004/8.11.1999

7 . 1 . 1943/91.
11. 16 . 3205/2003.
12. . 2/7093/0022/5.2.04
.
13. . 4603/31.12.2007

,
,
2008.
14. . 33 30.5.1997
. 88/2.8.1995
. 2470/1997 (
109//30.5.1997).
15. . 505/15.1.2008
.
16. 24.01.2008
().
17.

2008, 0511
0512, 283.000,00 , :
:
)
(2)
31.1.2008 29.2.2008 , 50
) (2)
29.2.2008
7.3.2008 , 50
,
.

.

.
, 1 2008

3839
. 320
28 2008

15 19.2.2008
, (reopening)
30.5.2007 20.3.2024 .......................
3113.1.2944/2005/
13.1.2006

11427, /SZRT .............................................................................
3113.1.2543/2000/
5.2.2001
10820, /SVKD ........
(1)
.......

: 1)
, 2) .......
. 14/136/2007

... ..............................

.................................................................
3
4
6
7
. 2/12369/0023
(1)

15 19.2.2008
, (reopening)
30.5.2007 20.3.2024.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
.2198/1994
,

( ) ( 43/22.3.1994).
4. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998).
5. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16/1999) ),
37 . 3130/2003 ( 76//2003).
6. 64, 90 91 .
2362/ 1995
( 247/
/27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
.
9. . 2628/6.7.1998

(....)
( 151/6.7.1998).
10. . 2/32913/0023/24.5.2007

30/05/2007 15 ,
, , 20.3.2024.
11. .. 206/2007 ( 232)
.
12. . 2/85247/0023/27.12.2007 2/85248/
0023/27.12.2007

2008, .
13. (Offering
Circular) (Subscription
Agreement), . . 191/12022008
.... (
15 ), :
3840
( )

20.3.2024, ,
4,70%, .

,

.
.
1.
, ,
,
30 2007 20
2008 (short coupon),
20.3.2024.
2. ,
,
,
(...) .
3. 1.000.
4. (19.2.2008),
98,761 %.
5.
0,175% .
6. ( ),
(
3.500.000.000) .
7.
, 4,70% ,
.
8. .

.
( 1.000),

.
20/03/2008
,
.
. 19.2.2008
(reopening)

30.5.2007
19.2.2008 , 2
.
.

( 1.000),
4,70%
265/366 ( 30.5.2007
19.2.2008) 3,403005%.

1.000 34,03.
9.
.

.
,

..R.G.E.T.
10.

(10%).
.

.
.
11.
.
12.
. , ,

(...) .
13.
,

,
.
14.
,
(....) (..C.).
15.
(Stripping).
(ISIN).
16.
.
17. ,

,
,
,
.
18.
. 2/32913/0023/24.5.2007
.
:

2008,

,
,

.

.
, 15 2008

F
. .. 3113.1.2944/1/2007
(2)
3113.1.2944/2005/
13.1.2006
11427,
/SZRT.

,

:
. 13 .. 2687/1953
( 317//1953),
7571
. 602
8 2008
5
26.3.2008
20.8.2013. ................................

.

2008. ..........................................................................................................

2008. ..............................

2008 ...............................................................
1
2
3
4
. 2/20958/0023
(1)
5
26.3.2008
20.8.2013.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/1995
,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 2/85247/0023/27.12.2007
&

.
13. . 2/85248/0023/27.12.2007

2008.
14. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
15. .. 206/2007 ( 232)
.
16. . 290/14.3.2008 ....,
:
26.3.2008
7572
( )
, ,
, 5 , 20.8.2013.

1) ,
, ,
, (5) ,
26.3.2008 20.8.2013.
2) ,
,
26.3.2008
20.8.2009 ,
(...),
.
3) 1.000 ,
99,679%
,
18.3.2008,
.
4)
.
5) 4,00%
, .
6) .

.
1.000,
365
.
.
20.8.2009
, .

26.3.2008 ()
20.8.2009 ( ).

(
1.000),
4,00% 147/366
( 26.3.2008 20.8.2008)
365/365 4,00% (
20.8.2008 20.8.2009)
5,606557%.
26.3.2008 20.8.2009
1.000 56,07.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN B (GR0A14021809),
,

.

1)
..,
, ,
,
,
.

17.3.2008
19.3.2008.
2)
:
... ,
... ,

(...),
...,
,
.
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN B
(GR0A14021809)
,
,
.
6)
,
, ISIN
(GR0114021463)
.

,
.

,
.
7) (Settlement)
26.3.2008.
8)

, 0,15%
...
0,04%.

2008
( )
,

.

.
, 18 2008

F
. .80425/5400/1155
(2)

.

:
1. 16 . 3205/2003 (
297/23.12.2003)
, .... ...,

,
.
2. 90
,
./ 63/2005 (
98 ).
3. . . 2/7093/0022/5.2.2004
. 3205/2003

, .... ...
4. . 2/13071/0022/18.5.1999

. .
5.

.
6.

.
7.

(49.104)

2008 ( 0261),
:

,
, :
) (57)

(, ) 120
2008,
(6.840) .
7573
) (1)
(120)
2008.
) (6)

(
) (30)
2008,
(180)
.
) (1)
(60)
2008.
) (4) (
/ /,
) ,
(120) 2008,
(480) .
) (2) ,
, , (120)
2008,
(240) .
) (4)
( ),
2008,
(480) .
) (1)
( )
(30) 2008.
:
. (57) ,
(4)
(53) ,
120 2008 , 6.840
2008 :
1. (1) /
, /
: 120 .
2. (1) /
/ ,
/: 120 .
3. (2) /
,
/ ( . . )
120 , 240 .
4. (2) /
, / /
, 120 ,
240 .
5. (1) /
. ,
: 120 .
6. (1) /
,
: 120 .
7. (1) /
,
: 120 .
8. (1) /
,
: 120 .
9. (1) /
,
: 120 .
7757

. 620
9 2008
. 2/20947/0023
5
, 26.3.2008
20.8.2013........................................................................

25.7.2025 29.2.2008

25.7.2030 31.1.2008 .

25.7.2030 29.2.2008. .......

25.7.2057 31.1.2008..

,

24 ,
2008. ..........................................................................................................

2008..............................................................................................

2008 ...........................................................................................................
/
...................................................................................
........................................................................
1
2
3
4
5
8
9
10

. 2/73099/0022/
19.2.2008

......................................................................................... 11
(1)
5
, 26.3.2008
20.8.2013.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91 .2362/1995
,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. .2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
. (
207//27.9.2000).
7758
( )
8. 37 . 3130/28.3.2003
( 76/)
...
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997
&
, ...
(286//10.4.1997).
11. . 2/4627/0023/25.1.2001
& ,

, .
12. . 2/85247/0023/27.12.2007
&

.
13. . 2/85248/0023 /27.12.2007

2008.
14. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
15. .. 206/2007 ( 232)
.
16. . 290/14.3.2008 ....,
:

26.3.2008
, 5 , ,
20.8.2013
.

1) , 26.3.2008
,
, (5) ,
26.3.2008 20.8.2013,
26.3.2008 20.8.2009
(long coupon).
2) 1.000
.
3) 4,00%
.
4) ,

(1.500.000.000).
5) .

.
1.000,
365 366
{actual/actual (ICMA)}
.
.
20.8.2009
, .

26.3.2008 () 20.8.2009
( ).

(1.000),
4,00%
147/366 (
26.3.2008 20.8.2008) 365/365
4,00% (
20.8.2008 20.8.2009) 5,606557%.
26.3.2008
20.8.2009 1.000
56,07.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 18
2008,
(....).
2)
,
5
.
( 5.000.000)

.

( 1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
).

, 20%
.
( )

.

.

.
,
18 2008 12.00
.
6)

18 2008
12:45 ,
(....).
7)
,
( 12:00
20 2008),
,

20%
.

,

.

.

12:45 20
2008, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
.
11)
(Stripping).
12)
.
13)
& ,

,
.
14)
,
(....) (O.T.C.).
15)
.
7759

26
2008 (),
(5) ,
2 2008, , ,
,
,

, ,
,
, .

..,
(...)
...
(...).

, , ISIN
(GR0A14021809),
,

.
,

.

...
.
,

ISIN (, GR0114021463) ISIN
GR0A14021809 ( ,),
,
... ...
ISIN
,

, .

,
, ISIN

.

,
. ,

,
.

.

2008
,

.
7760
( )
, 18 2008

F
. 2/24232/0023
(2)

25.7.2025 29.2.2008.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997

( 17 A /18.2.1997),
9 . 2579/98).
5. 15 . 2628/1998 (
151//1998), 31 . 2682 /1999
( 16 /99)), 37
. 3130/2003 ( 76/ /2003).
6. 64, 90 91 .2362/1995

( 247//27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
9. .. 206/2007 ( 232)
.
10. . 2/16773/0023 /A /20.3.2003
27.3.2003

, , 25.7.2025,
. 2/5333/0023/30.1.2004, 2/17201/0023/2.4.2004,
2/32020/0023/16.6.2005 2/18746/0023/7.4.2006
, (re opening) 3.2.2004,
5.4.2004, 21.6.2005 12.4.2006, .
11. . 2/13615/0023//13.3.2006 ( 387/
/30.3.2006) &

,
25.7.2025, 2005=100, :
,
, ISIN GR 03 38001 531,
25.7.2025, 2,90%

,
2008 :
: 29.2.2008
: 7.200.000.000,00
: 106,10517
(INDEX RATIO): 1,11886
NO : 8.055.792.000,00

29.2.2008
25.7.2002.

2005=100
94,83337,
(unrevised) HICP
2005=100.

.

,
.

.
, 31 2008

F
. 2/24222/0023
(3)

25.7.2030 31.1.2008.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43 / 22.3.1994).
4. 11 . 2459/1997

( 17 A/18.2.1997),
9 . 2579/1998).
5. 15 . 2628/1998 (
151 // 1998), 31 . 2682/1999
( 16 /1999) ),
37 . 3130/2003 ( 761//2003).
6. 64, 90 91 .2362/1995

( 247//27.11.1995).
OFFERING CIRCULAR

600,000,000 2.085 per cent. Inflation Linked Notes due 25 July 2057
(to be consolidated and form a single issue with the 1,000,000,000 2.085 per cent.
Inflation Linked Notes due 25 July 2057 issued by the Hellenic Republic on 30 March
2007)
Issue Price: 94.60 per cent. of the principal amount of the Notes
(plus an amount equal to 115 days accrued interest from, and including
1 April 2008, to, but excluding 25 July 2008)
The 600,000,000 2.085 per cent. Inflation Linked Notes due 25 July 2057 (the Notes) (to
be
consolidated
and
from
a
single
issue
with
the
1,000,000,000
2.085 per cent. Inflation Linked Notes due 25 July 2057 issued by the Hellenic Republic (the
Republic) on 30 March 2007) will bear interest from, and including, 1 April 2008 and
Conditions of the Notes Interest). The first payment of interest will be paid on
25 July 2008 in respect of the period from, and including, 1 April 2008 to, but excluding,
25 July 2008. Payments of interest in respect of the Notes will be made without deduction for
or on account of Greek taxes, as described, and subject to the exceptions set out, under
Terms and Conditions of the Notes - Taxation.
Save in the certain limited circumstances described herein, Notes in definitive form will not
be issued in exchange for the Permanent Global Note.
The Notes will initially be represented by a temporary global note (the Temporary Global
Note), without interest coupons, which will be deposited on or about 1 April 2008 (the
Closing Date) with a common safekeeper for Euroclear Bank SA/NV (Euroclear) and
Clearstream Banking, socit anonyme (Clearstream, Luxembourg). Interests in the
Temporary Global Note will be exchangeable for interests in a permanent global note (the
Permanent Global Note and, together with the Temporary Global Note, the Global
Notes), without interests coupons, on or after 11 May 2008 (the Exchange Date), upon
certification as to non-U.S. beneficial ownership. Save in the certain limited circumstances
described herein, Notes in definitive form will not be issued in exchange for the Permanent
Global Note.
The Notes are intended to be held in a manner which will allow Eurosystem eligibility. This
simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as
common safekeeper and does not necessarily mean that the Notes will be recognized as
eligible collateral for Eurosystem monetary policy and intra-day credit operations by the
Eurosystem either upon issue or at any or all time during their life. Such recognition will
depend upon satisfaction of the Eurosystem eligibility criteria.
Managers
The date of this Offering Circular is 28 March 2008.
Page 2
The Managers (as defined under Subscription and Sale) have not separately verified the
express or implied, is made and no responsibility or liability is accepted by the Managers as
to the accuracy or completeness of the information contained in this Offering Circular or any
Prospective investors should be aware that the interest payable on the Notes is determined in
accordance with a formula linked to the HICP (as described below) and is therefore variable.
Neither the current nor the historical value of the HICP should be taken as an indication of
future performance of the HICP during the term of the Notes.
come must inform themselves about, and observe, any such restrictions.
The Notes have not been and will not be registered under the United States Securities Act of
1933, as amended, (the Securities Act) and may not be offered or sold in the United States
or to U.S. persons except in a transaction that is exempt from or not subject to any
registration requirements. As a result, the Notes are only being offered pursuant to offers and
Page 3
sales in compliance with Regulation S under the Securities Act (Regulation S). (See
Subscription and Sale).
In addition, there are restrictions on the distribution of this Offering Circular and the offer or
sale of Notes in the United States and the United Kingdom (see Subscription and Sale).
In connection with the issue of the Notes, Goldman Sachs International (or persons acting
on its behalf) (the Stabilising Manager), may over-allot (provided that the aggregate
principal amount of Notes allotted does not exceed 105 per cent. of the aggregate amount
of the Notes) Notes or effect transactions with a view to supporting the market price of
the Notes at a level higher than that which might otherwise prevail. However, there is no
assurance that the Stabilising Manager (or persons acting on its behalf) will undertake
stabilisation action. Any stabilisation action may begin on or after the date of adequate
public disclosure of the terms of the offer of the Notes and, if begun, may be ended at any
time, but it must end no later than 30 days after the Closing Date. Any stabilisation action
or over-allotment shall be conducted in accordance with all applicable laws and rules.
Page 4
TABLE OF CONTENTS
Page
Use of Proceeds ..................................................................................................................... 21
Greek Taxation ...................................................................................................................... 22
Page 5

The 600,000,000 2.085 per cent. Inflation Linked Notes due 25 July 2057 (the Notes) (to
be
consolidated
and
from
a
single
issue
with
the
1,000,000,000
2.085 per cent. Inflation Linked Notes due 25 July 2057 issued by the Hellenic Republic (the
Republic) on 30 March 2007) are issued pursuant to (a) article 1 of L. 2187/94, as in force,
article 31 of Law 1914/1990, Laws 2628/98 (for the establishment of the Public Debt
Management Agency (PDMA)), 2682/99 and 3091/2002 and (b) Ministerial Decisions
2/44514/004 dated 16 June 1999 and published on 7 July 1999 of the Minister of Finance and
Notes will be made pursuant to a supplemental agency agreement dated 28 March 2008 which
restates and amends an agency agreement originally entered into on 29 March 2007 (together,
with amendments of 18 December 2007, the Agency Agreement) and made between the
Republic, Citibank, N.A. as principal paying agent and agent bank (the Agent, which
expression shall include any successor agent) and Dexia Banque Internationale
Luxembourg, socit anonyme as Luxembourg paying agent (the Paying Agent, together
with the Agent, the Paying Agents, which expression shall include any successor paying
agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 28 March 2008 and made
by the Republic.
below).
1.
The Notes are in bearer form and in the denomination of 1,000,000 (the Specified
all purposes.
Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking, socit anonyme
Page 6
(Clearstream, Luxembourg), each person (other than Euroclear or Clearstream,

Luxembourg) that is for the time being shown in the records of Euroclear or Clearstream,
Luxembourg, as the holder of a particular nominal amount of such Notes (in which regard
any certificate or other document issued by Euroclear or Clearstream, Luxembourg as to
the nominal amount of such Notes standing to the account of any person shall be conclusive
and binding for all purposes save in the case of manifest error) shall be treated by the
Republic and any Paying Agent as the holder of such nominal amount of such Notes for all
purposes other than with respect to the payment of principal or interest on the Notes, for
which purpose the bearer of the relevant global Note shall be treated by the Republic and
any Paying Agent as the holder of such Notes in accordance with and subject to the terms
of the relevant global Note (and the expressions Noteholder and holder of Notes and
related expressions shall be construed accordingly). Notes which are represented by a
global Note will be transferable only in accordance with the rules and procedures for the
time being of Euroclear or Clearstream, Luxembourg, as the case may be.
2.
28 March 2008 or issued thereafter without any preference granted by the Republic to one
3.
INTEREST
(1)
The Notes bear interest from, and including, 1 April 2008 (the Commencement
Interest Payment Date). The first Interest Payment Date, with regard to the Notes offered
herein, will be 25 July 2008 in respect of the period from, and including, 1 April 2008 to, but
excluding, 25 July 2008. Interest will be payable in respect of each Interest Period
(which expression shall mean the period from, and including, the Commencement Date
to, but excluding, the first Interest Payment Date and each successive period from, and
Page 7
including, an Interest Payment Date to, but excluding, the next succeeding Interest
Payment Date).
(2)
Interest Accrual
(3)
Interest Rate
The Notes will bear interest calculated by the Agent Bank in accordance with the following
provisions:
Interest payable in respect of each Note on each Interest Payment Date = 2.085 per cent.
per annum x Index Ratio on the relevant Interest Payment Date x Principal Amount of that
Note (1,000,000), provided that such amount of interest shall not be less than zero. The
interest payable on the first Interest Payment Date shall be equal to an amount calculated in
respect of the period from, and including, the Commencement Date to, but excluding, the first
Commencement Date means 1 April 2008.
Daily Inflation Reference Index means in relation to a day (D) in any given month (M),
the linear interpolation of the HICP for the third month preceding such month (M-3) and the
second month preceding such month (M-2) expressed relative to the same base of 100 and
Daily Inflation Reference Index as of
D = HICP m 3 +
NBD 1
x (HICP m 2 HICPm 3)
NDM
where:
NBD = Number of days since the start of month M
NDM = Number of days in month M
The Daily Inflation Reference Index will be rounded to five decimal places.
HICP means the Harmonised Index of Consumer Prices, excluding tobacco, for the euro
zone produced by Eurostat under Article 121 of the Treaty of Amsterdam (109j of the Treaty
of
European
Union)
and
published
on
Eurostats
web
site
(http://www.europa.eu.int/comm/eurostat/)
at:
http://epp.eurostat.ec.europa.eu/portal/page?_pageid=1996,39140985&_dad=portal&_schema
Page 8
=PORTAL&screen=detailref&language=en&product=EUROIND&root=EUROIND/shorties/
euro_cp/cp240
The HICP for any month is determined as at the date of its first publication, notwithstanding
any subsequent changes to it. Any revised level of HICP for any month will be taken into
account when calculating the level of HICP for the month following the official
announcement of the change.
Index Ratio means, in respect of any date, the ratio between the Daily Inflation Reference
Index determined on that date and 102.41742 (the Base Inflation Reference Index). The
Index Ratio will be rounded to five decimal places.
(The Base Inflation Reference Index was calculated as the Daily Inflation Reference Index
determined as of 30 March 2007 with reference to the original, unrevised HICP available on
the same date.)
The Agent Bank will determine the amount of interest payable on each Interest Payment Date
in respect of each Note (in the denomination of 1,000,000) four Business Days (as defined
below) before the relevant Interest Payment Date and shall notify any stock exchange on
which the Notes are at the relevant time listed and promptly publish the relevant Index Ratio
and the amount of interest payable in respect of each Note in accordance with Condition 11 as
soon as possible after their determination. Business Day means a day on which commercial
banks and foreign exchange markets settle payments in Athens and a day on which the TransEuropean Automated Real-Time Gross Settlement Express Transfer System (TARGET) is
operating.
Rebasing
If the HICP is rebased to a different year, the Agent Bank will adjust the calculations of the
Daily Inflation Reference Index so that both are expressed in the new base year, even though
a base change may have occurred between the two dates they refer to. The HICP of the old
base year used in calculating the Base Inflation Reference Index will be adjusted to the new
base year by multiplying the Base Inflation Reference Index by the new base for the month on
which the revised HICP is based and dividing the product by the old base HICP figure for the
same month. For every base year change, the two series will be chained on the basis of the
HICP of the last year of joint publication. This procedure will be used for each occasion on
which a revision is made during the term of the Notes.
Substitution
If the HICP for any relevant month is not published by the end of the next month, then a
substitute HICP value (the Substitute HICP) will be used for that month and shall be
calculated by the Agent Bank in accordance with the following provisions:
(a)
if a provisional or preliminary HICP has been published by Eurostat in respect of the

relevant month, such value of HICP will automatically be used as the Substitute HICP
and such term shall be construed accordingly; and
(b)
if a provisional or preliminary HICP is not available, the Substitute HICP shall be

Substitute HICP = HCIP
p 1
HICP p 1
x
to the power of 1/12
HICP
p
13
Page 9
where P represents that month for which the HICP is not published and it is therefore
necessary to determine a Substitute HICP by extrapolation. For the avoidance of doubt, if the
HICP is not published and it is therefore necessary to determine a Substitute HICP by
extrapolation in accordance with (b) above for two or more consecutive months, the HICP P-1
for any such second or subsequent month shall be the Substitute HICP for the preceding
month.
Agent Bank: Citibank, N.A.
Interest accrual basis: Actual/Actual (ISMA). For the purposes of calculating accrued
interest, the product of (a) 2.085 per cent. and (b) the fraction determined in accordance with
the interest accrual basis shall be rounded to three decimal places.
(4)

of this Condition, whether by the Agent Bank or otherwise, will (in the absence of wilful
default, bad faith or manifest error) be binding on the Republic, the Paying Agent and all
Noteholders and Couponholders and (in the absence as referred to above) no liability to the
Republic or the Noteholders or the Couponholders shall attach to the Agent in connection
with the exercise or non-exercise by it of its powers, duties and discretions under this
Condition.
(5)
Agent
being unable or unwilling to continue to act as the Agent, the Republic shall appoint the
Euro-zone office of another major bank engaged in the Euro-zone interbank market to
act in its place. Euro-zone means the countries of the European Union which from
time to time have adopted the Euro currency.
4.
(1)
Final Redemption
be redeemed on 25 July 2057 (the Maturity Date) in an amount calculated by the
Agent Bank in accordance with the following formula:
Redemption Amount = Index Ratio X Principal Amount
where the Index Ratio is the ratio between the Daily Inflation Reference Index on the
Maturity Date and the Base Inflation Reference Index. If the Redemption Amount so
calculated is less than the principal amount of the Notes, the Notes will be redeemed at
their principal amount.
The Agent Bank will determine the Redemption Amount in respect of each Note (in the
denomination of 1,000,000) four Business Days before the Maturity Date and shall
notify any stock exchange on which the Notes are at the relevant time listed and promptly
publish the relevant Index Ratio and the Redemption Amount in respect of each Note in
accordance with Condition 11 as soon as possible after their determination.
Page 10
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Condition 8) a day on which TARGET is operating.
Date (or from the Commencement Date, as the case may be) will be paid only against
surrender of such Note.
Page 11
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
Page 12
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
Page 13
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
Page 14
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)

or not they are present at such meeting and whether or not they sign the Written
outstanding.
(i)
(ii)
Page 15
(iii)
securing the Notes;
(iv)

provision in the Notes or the Agency Agreement;
(v)
any holder of the Notes;
(vi)

(vii)

entity.
Page 16
11.
NOTICES
(A)
11.
(B)
Tel. 00 30 210 3338 360
Fax. 00 30 210 3234 967
12.
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
Page 17
permitted by law.
15.
Page 18

FORM
1.
(i)
(ii)
is continuing.
2.
PAYMENTS
Page 19
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 20
USE OF PROCEEDS
The gross proceeds from the issue of Notes, which are 594,479,478, will, after payment
of the combined management and underwriting commission and selling concession
referred to under Subscription and Sale below, be used by the Republic for its general
funding purposes.
Page 21
GREEK TAXATION
she has received or secured such interest payment for his or her own benefit (in the sense
of article 4, paras 1(a) to 1(c) (inclusive) of Law 3312/2005, which implements the
European Union Directive on the Taxation of Savings Income into Greek law.
Page 22

Goldman Sachs International, EFG Eurobank Ergasions S.A. and National Bank of Greece
S.A. (the Managers) have, pursuant to a Subscription Agreement dated 28 March 2008
(the Subscription Agreement), agreed with the Republic to subscribe and pay for the
Notes at the issue price of 94.60 per cent. of the principal amount of the Notes plus an
amount equal to 115 days accrued interest from, and including, 1 April 2008, to, but
excluding, 25 July 2008, less a combined management and underwriting commission and
selling concession of 0.275 per cent. of the principal amount of the Notes.
Agreement.
Kingdom.
Securities Act.
Each Manager:
(a)
accordingly, that:
and
Page 23
(b)

(a)

1.163-5(c)(2)(i)(D) (the D Rules):
(b)
(c)
Regulation 1.163-5(c)(2)(i)(D)(6),
above.
Page 24
GENERAL INFORMATION
1.
The issue of the Notes has been duly authorised pursuant to (a) article 1 of
L. 2187/94, as in force, article 31 of Law 1914/1990, Laws 2628/98 (for the
the Minister of Economy and Finance.
2.
3.
Luxembourg with a Common Code of 029246777. The ISIN code for the Temporary
Global Note is XS0347909490. The ISIN code for the Permanent Global Note is
XS0292467775.
4.
Paying Agent.
5.
Page 25
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Peterborough Court
133 Fleet Street
London EC4A 2BB
8 Othoros Street
10557 Athens

86 Eolou Street
10232 Athens
AGENT,
AND AGENT BANK
Citibank, N.A.
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
AND LISTING AGENT
Dexia Banque Internationale Luxembourg , socit anonyme
69, route dEsch
L-2953 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

Law Office T.J. Koutalidis
4, Valaoritou Str.,
Athens, 106 71
Page 26
OFFERING CIRCULAR

3,550,000,000
The 3,550,000,000 Floating Rate Notes due 2016 (the Notes) of The Hellenic Republic
(the Republic) will bear interest from, and including, 11 April 2008 and interest will be
payable semi-annually in arrear on each Interest Payment Date (see Terms and Conditions of
the Notes Interest). Payments of interest in respect of the Notes will be made without
deduction for or on account of Greek taxes, as described, and subject to the exceptions set
out, under Terms and Conditions of the Notes - Taxation.
The Notes will initially be represented by a temporary global note (the Temporary Global
Note), without interest coupons, which will be deposited on or about 11 April 2008 (the
Closing Date) with a common safekeeper (the Common Safekeeper) for Euroclear
Bank S.A./N.V. (Euroclear) and Clearstream Banking, socit anonyme (Clearstream,
Luxembourg and, together with Euroclear, the ICSDs). Interests in the Temporary
Global Note will be exchangeable for interests in a permanent global Note (the Permanent
Global Note), without interest coupons, on or after 21 May 2008, upon certification as to
non-U.S. beneficial ownership. Save in the certain limited circumstances described herein,
Notes in definitive form will not be issued in exchange for the Permanent Global Note.
The Notes are intended to be held in a manner which will allow Eurosystem eligibility. This
simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as
common safekeeper and does not necessarily mean that the Notes will be recognised as
eligible collateral for Eurosystem monetary policy and intra-day credit operations by the
Eurosystem either upon issue or at any or all times during their life. Such recognition will
depend upon satisfaction of the Eurosystem eligibility criteria.
Managers
Alpha Bank
Eurobank EFG
Banca IMI
HSBC
Piraeus Bank S.A.
Page 2
Alpha Bank A.E., Banca IMI S.p.A., EFG Eurobank Ergasias S.A., HSBC France, National
Bank of Greece S.A. and Piraeus Bank S.A. (the Managers) have not separately verified
the information contained herein. Accordingly, no representation, warranty or undertaking,
express or implied, is made and no responsibility or liability is accepted by the Managers as
to the accuracy or completeness of the information contained in this Offering Circular or any
come must inform themselves about, and observe, any such restrictions. In particular, there
Page 3
TABLE OF CONTENTS
Page
Use of Proceeds ................................................................................................................ 19
Greek Taxation ................................................................................................................. 20
In connection with the issue of the Notes, Piraeus Bank S.A. (the "Stabilising Manager") (or
persons acting on its behalf) may over-allot Notes (provided that the aggregate principal
amount of Notes allotted does not exceed 105 per cent. of the aggregate principal amount of
the Notes) or effect transactions with a view to supporting the market price of the Notes at a
level higher than that which might otherwise prevail. However, there is no assurance that the
Stabilising Manager (or persons acting on its behalf) will undertake stabilisation action. Any
stabilisation action may begin on or after the date on which adequate public disclosure of the
terms of the offer of the Notes is made and, if begun, may be ended at any time, but it must
end no later than 30 days after the Closing Date. Any stabilisation action or over-allotment
shall be conducted in accordance with all applicable laws and rules (including Greek law).
Page 4

The 3,550,000,000 Floating Rate Notes due 2016 (the Notes) are issued by The Hellenic
Republic (the Republic) pursuant to (a) article 1 of L. 2187/94, as in force, Laws 2628/98
(for the establishment of the Public Debt Management Agency (PDMA)), 2682/99 and
3091/2002 and (b) Ministerial Decisions 2/44514/004 dated 16 June 1999 and published on
7 July 1999 of the Minister of Finance and 238/0094/3 January 2005 of the Minister of
Economy and Finance. Payments in respect of the Notes will be made pursuant to an Agency
Agreement (the Agency Agreement) dated 9 April 2008 and made between the Republic,
Deutsche Bank AG, London Branch as principal paying agent and agent bank (the Agent,
which expression shall include any successor agent) and Deutsche Bank Luxembourg S.A. as
Luxembourg paying agent (the Paying Agent, together with the Agent, the Paying
Agents, which expression shall include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 9 April 2008 and made by
the Republic.
below).
1.
The Notes are in bearer form and in the denomination of 1,000 (the Specified
all purposes.
Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking, socit anonyme
(Clearstream, Luxembourg), each person (other than Euroclear or Clearstream,
Luxembourg) that is for the time being shown in the records of Euroclear or Clearstream,
Luxembourg, as the holder of a particular nominal amount of such Notes (in which regard
any certificate or other document issued by Euroclear or Clearstream, Luxembourg as to
the nominal amount of such Notes standing to the account of any person shall be conclusive
Page 5
and binding for all purposes save in the case of manifest error) shall be treated by the
Republic and any Paying Agent as the holder of such nominal amount of such Notes for all
purposes other than with respect to the payment of principal or interest on the Notes, for
which purpose the bearer of the relevant global Note shall be treated by the Republic and
any Paying Agent as the holder of such Notes in accordance with and subject to the terms
of the relevant global Note (and the expressions Noteholder and holder of Notes and
related expressions shall be construed accordingly). Notes which are represented by a
global Note will be transferable only in accordance with the rules and procedures for the
time being of Euroclear or Clearstream, Luxembourg, as the case may be.
2.
11 April 2008 or issued thereafter without any preference granted by the Republic to one
3.
INTEREST
(1)
Commencement Date) and interest will be payable semi-annually in arrear on
11 October and 11 April in each year (each an Interest Payment Date). The first Interest
Payment Date will be 11 October 2008. Interest will be payable in respect of each Interest
Period (which expression shall mean the period from and including the Interest
Commencement Date to but excluding the first Interest Payment Date and each
successive period from and including an Interest Payment Date to but excluding the
next succeeding Interest Payment Date).
(2)
Interest Accrual
Page 6
(3)
Rate of Interest
will be determined by the Agent on the basis of the following provisions:
(a)
(b)

(i)
0.075 per cent.;
(c)
Agent or its duly appointed successor on each Interest Determination Date (as defined
below) by referencing the Screen Rate (as defined below) at approximately
11.00 a.m. (Frankfurt time) on the Interest Determination Date in question. If the
Screen Rate is unavailable, the Agent will request the principal Euro-Zone office of
each of the Euribor Reference Banks (as defined below) to provide the Agent with the
rate at which deposits in euros are offered by it to prime banks in the Euro-Zone
interbank markets for six months at approximately 11.00 a.m. (Frankfurt time) on the
Interest Determination Date in question.
(e)
(i) Business Day means any day which is a day on which the Trans-European
System is open;
(ii) Euro-zone means the countries of the European Union which from time to
(iii) Interest Determination Date means the date which is two Business Days
Euro-Zone interbank market selected by the Agent provided that once a
Euribor Reference Bank has first been selected by the Agent, that Euribor
Reference Bank shall not be changed unless and until it ceases to be capable
of acting as such; and
Page 7
appears on the Reuters page EURIBOR01 (or such replacement page on that
service which displays the information).
(4)
Denomination (the Interest Amount) for the relevant Interest Period. Each Interest
concerned (such number of days being calculated on an Actual/360 basis and rounding
the resultant figure to the nearest cent (half a cent being rounded upwards)).
(5)
Period.
(6)

Agent and all Noteholders and Couponholders and (in the absence as referred to above) no
liability to the Republic or the Noteholders or the Couponholders shall attach to the Agent in
this Condition.
(7)
Agent
4.
(1)
Final Redemption
be redeemed at their principal amount on the Interest Payment Date falling on
11 April 2016 (the Maturity Date).
Page 8
(2)
Purchases
(3)
Cancellation
5.
PAYMENTS
Page 9
6.
TAXATION
(a)

(b)
(c)
(d)

of Savings Income.

(i)
(ii)
principal.
Page 10
interest.
7.
EVENTS OF DEFAULT

(a)
(b)

(c)

or
(d)

(e)
Notes,
Page 11
8.
PRESCRIPTION
9.
10.

(i)
(ii)
Notes;
(iii)
(iv)
Notes;
(v)
(vi)
permitted to do so;
(vii)
(viii)
Page 12
(ix)
Notes;
(x)

(xi)
(xii)
(xiii)

or not they are present at such meeting and whether or not they may sign the Written
outstanding.
(i)
adding to Republics covenants for the benefit of the holders of the Notes; or
(ii)
surrendering any right or power conferred upon the Republic; or
Page 13
(iii)
securing the Notes; or
(iv)

(v)
any holder of the Notes; or
(vi)

(vii)

entity.
Resolution becoming effective in accordance with these Terms and Conditions, and will only
Page 14
11.
NOTICES
(A)
11.
(B)
Tel. +30 210 3338 360
Fax. +30 210 3234 967
12.
profit.
13.
FURTHER ISSUES
14.
(A)
(B)
Page 15
(C)
The Republic hereby irrevocably waives any objection which it may have now or
hereafter to the laying of the venue of any such Proceedings in any such court and any claim
that any such Proceedings have been brought in an inconvenient forum and hereby further
irrevocably agrees that a judgment in any such Proceedings brought in the English courts
shall be conclusive and binding upon it and may be enforced in the courts of any other
jurisdiction.
(D)
Nothing contained in this Condition shall limit any right to take Proceedings against
the Republic in any other court of competent jurisdiction, and the taking of Proceedings in
one or more jurisdictions shall not preclude the taking of Proceedings in any other
jurisdiction, whether concurrently or not. The Republic appoints the Economic and
Commercial Counsellor for the time being of the Greek Embassy, 1a Holland Park, London
W11 3TP, Fax +44 20 7727 9934 as its agent for service of process in England, and
undertakes that, in the event of such agent ceasing so to act or no longer having an address in
England, it will appoint another person as its agent for service of process in England in
respect of any Proceedings. Nothing herein shall affect the right to serve Proceedings in any
other manner permitted by law.
(E)
The Republic hereby irrevocably and unconditionally waives with respect to the
Agency Agreement, the Notes and/or the Coupons any right to claim immunity from
jurisdiction or execution and any similar defence and irrevocably and unconditionally
consents to the giving of any relief or the issue of any process, including, without limitation,
the making, enforcement or execution against any property whatsoever (irrespective of its use
or intended use) of any order or judgment validly made or given in connection with any
Proceedings. Notwithstanding the foregoing, the property of the Republic is subject to
execution and attachment to the extent permitted by the international conventions and Greek
law.
15.
Page 16

FORM
1.
(i)
(ii)
is continuing.
legal and stock exchange requirements and in or substantially in the form set out in Parts III
and IV of Schedule 2 to the Agency Agreement. On exchange in full of the Permanent Global
Note, the Republic will, if the holder so requests, procure that it is cancelled and returned to
the holder together with any relevant definitive Notes.
2.
PAYMENTS
Page 17
3.
NOTICES
4.
5.
DEFAULT
payable.
Page 18
USE OF PROCEEDS
The gross proceeds from the issue of Notes, which will be 3,550,000,000, will, after
payment of the combined management and underwriting commission and selling
concession referred to under Subscription and Sale, be used by the Republic for its
general funding purposes.
Page 19
GREEK TAXATION
she has received or secured such interest for his or her own benefit (in the sense of article
4, paras 1(a) to 1(c) (inclusive) of Law 3312/2005, which implements the European
Union Directive on the Taxation of Savings Income into Greek law.
Page 20

Alpha Bank A.E., Banca IMI S.p.A., EFG Eurobank Ergasias S.A., HSBC France, National
Bank of Greece S.A. and Piraeus Bank S.A. (the Managers) have, pursuant to a
Subscription Agreement dated 9 April 2008 (the Subscription Agreement), agreed
with the Republic to subscribe and pay for the Notes at the issue price of 100 per cent. of
the principal amount of the Notes. Pursuant to the Subscription Agreement, a combined
management and underwriting commission and selling concession of 0.12 per cent. of the
principal amount of the Notes is payable by the Republic to the Managers.
exceptions, Notes may not be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act. The Managers have agreed that it will not offer, sell or deliver any Notes
Agreement.
Kingdom.
Each Manager:
(a)
accordingly, that:
and
(b)
Page 21
The Securities covered hereby have not been registered under the United States
meanings given to them by Regulation S.
(a)

1.163-5(c)(2)(i)(D) (the D Rules):
(b)
(c)
Regulation 1.163-5(c)(2)(i)(D)(6),
above.
Page 22
GENERAL INFORMATION
1.
Minister of Finance and 238/0094/3 January 2005 of the Minister of Economy and
Finance.
2.
3.
XS0357333029.
4.
Paying Agent.
5.
Page 23
THE ISSUER
8 Omirou Street
10564 Athens
MANAGERS
Alpha Bank A.E.
40, Stadiou Street
10252 Athens
Banca IMI S.p.A.

Piazzetta Giordano
DellAmore 3
20121 Milan
EFG Eurobank
Ergasias S.A.
8 Othoros Street
10557 Athens
HSBC France
103 Avenue des Champs
Elysees
75008 Paris

86 Eolou Street
10232 Athens
Piraeus Bank S.A.

4 Amerikis Street
10564 Athens
AGENT,
AND AGENT BANK
Winchester House
London EC2 2DB
AND LISTING AGENT
L-1115 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
Page 24
OFFERING CIRCULAR

550,000,000 Floating Rate Notes due 11 April 2016 (to be consolidated and form
a single issue with the 3,550,000,000 Floating Rate Notes due 11 April 2016
issued by the Hellenic Republic on 11 April 2008)
The 550,000,000 Floating Rate Notes due 11 April 2016 (to be consolidated and
form a single issue with the 3,550,000,000 Floating Rate Notes due 11 April 2016
issued by the Hellenic Republic (the Republic) on 11 April 2008) (the Notes)
will bear interest from, and including, 11 April 2008 and interest will be payable
semi-annually in arrear on each Interest Payment Date (see Terms and Conditions of
the Notes Interest). The first payment of interest will be paid on 11 October 2008
in respect of the period from, and including 11 April 2008 to, but excluding, 11
October 2008. Payments of interest in respect of the Notes will be made without
deduction for or on account of Greek taxes, as described, and subject to the exceptions
set out, under Terms and Conditions of the Notes - Taxation.
This Offering Circular neither constitutes a prospectus pursuant to Part II of the
Luxembourg law on prospectuses for securities (loi relative aux prospectus pour
valeurs mobilires) dated 10 July 2005 (the Luxembourg Prospectus Law) (which
implements the Directive 2003/71/EC of the European Parliament and of the Council
of 4 November 2003 (the Prospectus Directive)) nor a simplified prospectus
pursuant to Chapter 2 of Part III of the Luxembourg Prospectus Law. Accordingly,
this Offering Circular does not purport to meet the format and the disclosure
requirements of the Prospectus Directive and Commission Regulation (EC) No
submitted for approval to any competent authority within the meaning of the
Prospectus Directive and in particular the Supervisory Commission of the Financial
Sector (Commission de Surveillance du Secteur Financier), in its capacity as
competent authority under the Luxembourg Prospectus Law. The Notes, issued
pursuant to this Offering Circular, will therefore not qualify for the benefit of the
single European passport pursuant to the Prospectus Directive.
Save in the certain limited circumstances described herein, Notes in definitive form
will not be issued in exchange for the Permanent Global Note.
The Notes will initially be represented by a temporary global note (the Temporary
Global Note), without interest coupons, which will be deposited on or about 11
July 2008 (the Closing Date) with a common safekeeper (the Common
Safekeeper) for Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking,
socit anonyme (Clearstream, Luxembourg and, together with Euroclear, the
LON3919315/14 137705-0005
ICSDs). Interests in the Temporary Global Note will be exchangeable for interests
in a permanent global note (the Permanent Global Note), without interest coupons,
on or after 20 August 2008, upon certification as to non-U.S. beneficial ownership.
The Notes are intended to be held in a manner which will allow Eurosystem
eligibility. This simply means that the Notes are intended upon issue to be deposited
with one of the ICSDs as common safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for Eurosystem monetary policy and
intra-day credit operations by the Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon satisfaction of the Eurosystem
eligibility criteria.
Manager
Piraeus Bank S.A.

LON3919315/14 137705-0005
Page 2
The Republic confirms that it has taken all reasonable care to ensure that all
information contained in this Offering Circular with regard to the Republic and the
Notes is in every material respect true and accurate and not misleading and to the
best of its knowledge and belief there are no other facts the omission of which would
make any statement in the Offering Circular misleading in any material respect in the
context of the issue and sale of the Notes. The Republic accepts responsibility
accordingly.
Piraeus Bank S.A. (the Manager) has not separately verified the information
contained herein. Accordingly, no representation, warranty or undertaking, express
or implied, is made and no responsibility or liability is accepted by the Manager as to
the accuracy or completeness of the information contained in this Offering Circular
or any other information provided by the Republic in connection with the Notes or
their distribution.
No person is or has been authorised to give any information or to make any
representation which is not contained in, or which is not consistent with, this Offering
Circular or any other information supplied by or on behalf of the Republic in
connection with the Notes and, if given or made, such information or representation
must not be relied upon as having been authorised by the Republic or the Manager.
Neither this Offering Circular nor any other information supplied in connection with
the Notes (i) is intended to provide the basis of any credit or other evaluation or (ii)
should be considered as a recommendation or constituting an invitation or offer by
the Republic that any recipient of this Offering Circular should purchase any Notes.
Each investor contemplating purchasing any Notes should make its own independent
investigation of the financial condition and affairs, and its own appraisal of the
contained herein concerning the Republic is correct at any time subsequent to the
date hereof or that any other information supplied in connection with the issue of the
Notes is correct as of any time subsequent to the date indicated in the document
containing the same.
The distribution of this Offering Circular and the offer or sale of Notes may be
restricted by law in certain jurisdictions. The Republic and the Manager do not
represent that this document may be lawfully distributed or that the Notes may be
lawfully offered, in compliance with any applicable registration or other requirements
in any such jurisdiction, or pursuant to an exemption available thereunder, or assume
any responsibility for facilitating any such distribution or offering. In particular, no
action has been taken by the Republic or the Manager which would permit a public
offering of the Notes or distribution of this document in any jurisdiction where action
for that purpose is required. Accordingly, the Notes may not be offered or sold,
directly or indirectly, and neither this Offering Circular nor any advertisement or
other offering material may be distributed or published, in any jurisdiction except
under circumstances that will result in compliance with any applicable laws and
regulations. Persons into whose possession this Offering Circular or any Notes come
must inform themselves about, and observe, any such restrictions. In particular, there
LON3919315/14 137705-0005
Page 3
are restrictions on the distribution of this Offering Circular and the offer or sale of
Notes in the United States and the United Kingdom (see Subscription and Sale).
references to or euro are to the currency introduced at the start of the third
stage of European Economic and Monetary Union pursuant to the Treaty establishing
the European Community (as amended from time to time).
LON3919315/14 137705-0005
Page 4
TABLE OF CONTENTS
Page
Terms and Conditions of the Notes ............................................................................. 6
Summary of provisions relating to the Notes while in global form .......................... 20
Use of Proceeds.......................................................................................................... 22
Greek Taxation........................................................................................................... 23
Subscription and Sale................................................................................................. 24
General Information................................................................................................... 27
LON3919315/14 137705-0005
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There follows the text of the Terms and Conditions to which (subject to completion
and amendment) the Notes will be subject:
are issued by The Hellenic Republic (the Republic) on 11 April 2008) (the
Notes) pursuant to (a) article 1 of L. 2187/94, as in force, Laws 2628/98 (for the
the Minister of Economy and Finance. Payments in respect of the Notes will be made
pursuant to an Agency Agreement (the Agency Agreement) dated 9 July 2008 and
made between the Republic, [Deutsche Bank AG, London Branch] as principal paying
agent and agent bank (the Agent, which expression shall include any successor
agent) and Deutsche Bank Luxembourg S.A. as Luxembourg paying agent (the
Paying Agent, together with the Agent, the Paying Agents, which expression
shall include any successor paying agents).
benefit of a Deed of Covenant (the Deed of Covenant) dated 9 July 2008 and
made by the Republic.
Copies of the Agency Agreement and the Deed of Covenant are available for
inspection, during normal business hours at the specified offices of each of the
Paying Agents. The Noteholders and the Couponholders are deemed to have notice
of, and are entitled to the benefit of, all the provisions of the Deed of Covenant
and the Agency Agreement which are binding on them.
Words and expressions defined in the Agency Agreement shall have the same
meanings where used in these Terms and Conditions unless the context otherwise
requires or unless otherwise stated and provided that, in the event of inconsistency
between the Agency Agreement and these Terms and Conditions, these Terms and
Conditions will prevail. Any reference herein to Noteholders shall mean the
holders of the Notes and any reference herein to Couponholders shall mean the
holders of the Coupons (as defined below).
1.
Denomination). Any definitive Notes are issued with interest coupons for the
Subject as provided below, title to the Notes and Coupons will pass by delivery.
The Republic and each of the Paying Agents may deem and treat the bearer of any
Note or Coupon as the absolute owner thereof (whether or not overdue and
notwithstanding any notice of ownership or writing thereon or notice of any
previous loss or theft thereof) for all purposes.
LON3919315/14 137705-0005
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Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking, socit
anonyme (Clearstream, Luxembourg), each person (other than Euroclear or
Clearstream, Luxembourg) that is for the time being shown in the records of
Euroclear or Clearstream, Luxembourg, as the holder of a particular nominal
Euroclear or Clearstream, Luxembourg as to the nominal amount of such Notes
standing to the account of any person shall be conclusive and binding for all purposes
save in the case of manifest error) shall be treated by the Republic and any Paying
Agent as the holder of such nominal amount of such Notes for all purposes other than
with respect to the payment of principal or interest on the Notes, for which purpose
the bearer of the relevant global Note shall be treated by the Republic and any
Paying Agent as the holder of such Notes in accordance with and subject to the
terms of the relevant global Note (and the expressions Noteholder and holder
of Notes and related expressions shall be construed accordingly). Notes which are
represented by a global Note will be transferable only in accordance with the rules
and procedures for the time being of Euroclear or Clearstream, Luxembourg, as the
case may be.
2.
The Notes constitute direct, general, unconditional, unsubordinated and, subject to

this Condition, unsecured obligations of the Republic. The Notes rank pari passu
with all other unsecured and unsubordinated obligations of the Republic
outstanding on 11 July 2008 or issued thereafter without any preference granted by
the Republic to one above the other by reason of priority of date of issue, currency
of payment, or otherwise. The due and punctual payment of the Notes and the
performance of the obligations of the Republic with respect thereto is backed by
the full faith and credit of the Republic. So long as any Note remains outstanding,
the Republic shall not create or permit to subsist any mortgage, pledge, lien or charge
upon any of its present or future revenues, properties or assets to secure any External
Indebtedness, unless the Notes shall also be secured by such mortgage, pledge, lien or
charge equally and rateably with such External Indebtedness or by such other security
as may be approved by an Extraordinary Resolution of the Noteholders (as described
in Condition 10).
External Indebtedness means existing or future indebtedness for borrowed
money of the Republic (i) expressed or payable or optionally payable in a currency
other than the lawful currency of the Republic (including any guarantees given by
the Republic for any existing or future indebtedness for borrowed money of any
other person which indebtedness is expressed or payable or optionally payable in a
currency other than the lawful currency of the Republic) or (ii) borrowed from or
initially placed with a foreign institution or person under a contract governed by
the laws of a jurisdiction other than the Republic (including any guarantees given
by the Republic for any existing or future indebtedness for borrowed money of any
other person which is borrowed from or initially placed with a foreign institution
or person under a contract governed by the laws of a jurisdiction other than the
Republic).
LON3919315/14 137705-0005
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3.
INTEREST
(1)
11 October and 11 April in each year (each an Interest Payment Date). The first
Interest Payment Date will be 11 October 2008 in respect of the period from, and
including 11 April 2008 to, but excluding 11 October 2008. Interest will be
payable in respect of each Interest Period (which expression shall mean the
period from and including the Interest Commencement Date to but excluding the
first Interest Payment Date and each successive period from and including an
Interest Payment Date to but excluding the next succeeding Interest Payment
Date).
(2)
Interest Accrual
improperly withheld or refused or unless default is otherwise made in respect of
payment. In such event, interest will continue to accrue until whichever is the earlier
of: the date on which all amounts due in respect of such Note have been paid; and five
days after the date on which the full amount of the moneys payable in respect of such
Notes has been received by the Agent and notice to that effect has been given to the
Noteholders in accordance with Condition 11.
(3)
Rate of Interest
Interest) will be determined by the Agent on the basis of the following provisions:
(a)
(b)

(i)
Interest Rate means 6 month Euribor (determined as set out

below) plus 0.075 per cent.;
(c)
For the purposes of these Terms and Conditions, 6 month Euribor will be set
by the Agent or its duly appointed successor on each Interest Determination
approximately 11.00 a.m. (Frankfurt time) on the Interest Determination Date
in question. If the Screen Rate is unavailable, the Agent will request the
below) to provide the Agent with the rate at which deposits in euros are
offered by it to prime banks in the Euro-Zone interbank markets for six
months at approximately 11.00 a.m. (Frankfurt time) on the Interest
LON3919315/14 137705-0005
Page 8
(e)
In these Terms and Conditions (except where otherwise defined), the

expression:
(i) Business Day means any day which is a day on which the TransEuropean Automated Real-Time Gross Settlement Express Transfer
(TARGET) System is open;
(ii) Euro-zone means the countries of the European Union which from
time to time have adopted the Euro currency;
(iii) Interest Determination Date means the date which is two Business
Days prior to the first day of the Interest Period for which the rate will
apply;
(iv) Euribor Reference Banks means each of the banks whose offered
rates would have been used for the purposes of the Screen Rate, failing
which, the principal Euro-Zone office of each of four major banks
engaged in the Euro-Zone interbank market selected by the Agent
provided that once a Euribor Reference Bank has first been selected by
the Agent, that Euribor Reference Bank shall not be changed unless
and until it ceases to be capable of acting as such; and
(v) Screen Rate means the rate for deposits in euros for six months
which appears on the Reuters page EURIBOR01 (or such replacement
page on that service which displays the information).
(4)
thereafter, determine the euro amount payable in respect of interest on the
Specified Denomination (the Interest Amount) for the relevant Interest
Period. Each Interest Amount shall be determined by applying the Rate of
Interest to the Specified Denomination, multiplying the sum by the actual
number of days in the Interest Period concerned (such number of days being
calculated on an Actual/360 basis and rounding the resultant figure to the nearest
cent (half a cent being rounded upwards)).
(5)
Interest Amount for each Interest Period and the relative Interest Payment Date
to be notified to the Republic and to any stock exchange on which the Notes are
at the relevant time listed and to be published in accordance with Condition 11 as
soon as possible after their determination. The Interest Amount and Interest
Payment Date may subsequently be amended (or appropriate alternative
arrangements made by way of adjustment) without notice in the event of an
(6)
LON3919315/14 137705-0005
Page 9

decisions given, expressed, made or obtained for the purposes of and in accordance
with the provisions of this Condition, whether by the Reference Banks (or any of
them) or the Agent, will (in the absence of wilful default, bad faith or manifest error)
be binding on the Republic, the Paying Agent and all Noteholders and Couponholders
and (in the absence as referred to above) no liability to the Republic or the
Noteholders or the Couponholders shall attach to the Agent in connection with the
exercise or non-exercise by it of its powers, duties and discretions under this
Condition.
(7)
Agent
The Republic will procure that so long as any of the Notes remains outstanding
there shall at all times be an Agent for the purposes of the Notes and the
Republic may terminate the appointment of the Agent. In the event of the
appointed office of any bank being unable or unwilling to continue to act as the
Agent or failing duly to determine the Rate of Interest and the Interest Amount
for any Interest Period, the Republic shall appoint the Euro-zone office of
4.
(1)
Final Redemption
Unless previously redeemed or purchased and cancelled as provided below, the

Notes will be redeemed at their principal amount on the Interest Payment Date
falling on 11 April 2016 (the Maturity Date).
(2)
Purchases
The Republic may at any time purchase or otherwise acquire Notes in the open
market or otherwise. Notes purchased or otherwise acquired by the Republic may
be held or resold or, at the discretion of the Republic, surrendered to the Agent for
cancellation (together with (in the case of definitive Notes) any unmatured
Coupons attached thereto or purchased therewith). If purchases are made by
tender, tenders must be made available to all holders of Notes alike.
(3)
Cancellation
All Notes redeemed, and all Notes purchased or otherwise acquired as aforesaid
and surrendered to the Agent for cancellation, shall be cancelled (together, in the
case of definitive Notes, with all unmatured Coupons presented therewith), and
thereafter may not be re-issued or re-sold.
5.
PAYMENTS
Subject as provided below payments will be made in euro cheque drawn on, or by
transfer to, a euro account maintained by the payee. Payments of principal and
interest in respect of the Notes will (subject as provided below) be made against
presentation or surrender of such Notes or Coupons, as the case may be, at any
LON3919315/14 137705-0005
Page 10
specified office of the Paying Agent outside the United States. If any Notes are
redeemed or become repayable in accordance with these Conditions prior to the
Maturity Date, principal will be payable on surrender of each Note. All payments
of interest and principal with respect to Notes will be made outside the United
States. Upon the due date for redemption of any Note all unmatured Coupons
relating to such Note (whether or not attached) shall become void and no payment
shall be made in respect of them.
If any date for payment of any amount in respect of any Note or Coupon is not a
Payment Day, then the holder thereof shall not be entitled to payment until the
next following Payment Day in the relevant place and shall not be entitled to any
further interest or other sum in respect of any such delay. For these purposes,
Payment Day means (subject to Condition 8) a day on which the TARGET
accrued in respect of such Note from (and including) the last preceding Interest
Payment Date (or from the Interest Commencement Date, as the case may be) will
be paid only against surrender of such Note.
The name of the initial Agent and the initial Paying Agent and each of their initial
specified offices are set out below. The Republic reserves the right at any time to
vary or terminate the appointment of the Paying Agent and to appoint additional or
other Paying Agents and/or to approve any change in the specified office of any
Paying Agent, provided that it will, so long as any of the Notes is outstanding,
maintain (i) an agent bank (which may be the Agent) and (ii) a Paying Agent
(which may be the Agent) having a specified office in a leading financial centre in
continental Europe which, so long as the Notes are listed on the Luxembourg
Stock Exchange and the rules of such exchange so require, shall be Luxembourg,
termination or change shall only take effect (other than in the case of insolvency,
when it shall be of immediate effect) after not less than 30 days prior notice
thereof shall have been given to the Noteholders in accordance with Condition 11
and provided further that neither the resignation nor removal of the Agent shall
take effect, except in the case of insolvency as aforesaid, until a new Agent has
been appointed.
Furthermore, the Republic undertakes that any Paying Agent maintained shall have
a specified office in a Member State of the European Union that is not obliged to
withhold or deduct tax pursuant to European Directive on the Taxation of Savings
Income unless such obligation is imposed by the same European Directive.
Payments in respect of the Notes will be subject in all cases to any fiscal or other
laws and regulations applicable thereto in the place of payment or to any European
Community legal provision but without prejudice to the provisions of Condition 6.
6.
TAXATION
All payments of principal and/or interest in respect of the Notes and Coupons will
be made without deduction or withholding for or on account of any present or
future taxes, duties, assessments or governmental charges of whatever nature
LON3919315/14 137705-0005
Page 11
imposed or levied by or on behalf of the Republic or by or on behalf of any

political subdivision thereof or any authority therein having power to tax (a
Tax), unless deduction or withholding of such Tax is compelled by law. In that
event the Republic will pay such additional amounts as will result (after such
deduction or withholding) in the receipt by the holders of the Notes or Coupons of
the amounts which would otherwise have been receivable (in the absence of such
deduction or withholding), except that no such additional amount shall be payable
(a)
by or on behalf of a holder who is subject to such Tax in respect of such Note

or Coupon by reason of his being connected with the Republic (or any political
(b)

withholding or deduction by making a declaration of non-residence or other
similar claim for exemption to the relevant tax authority if, after having been
requested to make such a declaration or claim, such holder fails to do so; or
(c)
more than 30 days after the Relevant Date except to the extent that the holder
thereof would have been entitled to such additional payment on presenting the
same for payment on the last day of such 30 day period; or
(d)
where such withholding or deduction is imposed on a payment to or for an

individual and is required to be made pursuant to the European Union
Directive on the Taxation of Savings Income.

(i)
(ii)
(if the full amount of the monies payable on such date has not been received
by the Agent on or prior to such due date) the date on which, the full amount
of such monies having been so received, notice to that effect is duly given to
the Noteholders in accordance with Condition 11 or individually.
Any reference in these Terms and Conditions to principal in respect of the Notes
shall be deemed to include, as applicable, any additional amounts which may be
payable under this Condition by reason of a deduction or withholding of any
amount from payments of principal.
Any reference in these Terms and Conditions to interest in respect of the Notes
amount from payments of interest.
7.
EVENTS OF DEFAULT
LON3919315/14 137705-0005
Page 12
(a)
the Republic defaults in any payment of interest in respect of any of the Notes
or Coupons and such default is not cured by payment thereof within 30 days
from the due date for such payment; or
(b)
the Republic is in default in the performance of any other covenant, condition

or provision set out in the Notes and continues to be in default for 30 days
after written notice thereof shall have been given to the Republic by the holder
of any Note; or
(c)
in respect of any other External Indebtedness in an amount equal to or

exceeding U.S.$25,000,000 (or its equivalent), (i) such indebtedness is
accelerated so that it becomes due and payable prior to the stated maturity
thereof as a result of a default thereunder and such acceleration has not been
rescinded or annulled or (ii) any payment obligation under such indebtedness
is not paid as and when due and the applicable grace period, if any, has lapsed
and such non-payment has not been cured; or
(d)
a general moratorium is declared by the Republic or the Bank of Greece in

respect of its External Indebtedness or the Republic or the Bank of Greece
announces its inability to pay its External Indebtedness as it matures; or
(e)
any government order, decree or enactment shall be made whereby the

Republic is prevented from observing and performing in full its obligations
contained in the Notes,
then the holders for the time being of at least 25 per cent. of the aggregate
principal amount of the outstanding Notes may (i) give notice in writing to the
Republic and to the Agent in accordance with Condition 11 that such Notes are
immediately due and payable at their principal amount together with accrued
interest (if any) or (ii) decide at a meeting that such Notes are immediately due
and payable, whereupon such Notes shall become immediately due and payable at
their principal amount together with accrued interest (if any) and/or (iii) decide at
a meeting that, if the case may be, litigation be instituted.
The holders of at least 66 2/3 per cent. of the aggregate principal amount of the
Notes (at the time being outstanding) may rescind (i) such notice of acceleration
(ii) such decision to accelerate or (iii) such decision to institute litigation if the
event or events of default giving rise to the declaration or to the decisions have
been cured or waived. Such rescission shall be made by giving notice in writing to
the Republic and to the Agent whereupon such declaration or decision shall be
rescinded and have no further effect. No such rescission shall affect any other or
any subsequent Event of Default or any right of any Noteholder in relation thereto.
Such rescission will be conclusive and binding on all holders of the Notes
8.
PRESCRIPTION
Claims for payment of principal in respect of the Notes shall be prescribed upon
the expiry of ten years, and claims for payment of interest in respect of the Notes
shall be prescribed upon the expiry of five years, in each case from the Relevant
Date (as defined in Condition 6) thereof, subject to the provisions of Condition 5.
LON3919315/14 137705-0005
Page 13
9.
If any Note or Coupon is lost, stolen, mutilated, defaced or destroyed, it may be

replaced at the specified office of the Agent upon payment by the claimant of the
expenses incurred in connection therewith and on such terms as to evidence and
indemnity as the Republic may reasonably require. Mutilated or defaced Notes or
Coupons must be surrendered before replacements will be issued.
10.
The Agency Agreement contains provisions for convening meetings of

Noteholders to consider matters affecting their interests, including modification by
Extraordinary Resolution of these Terms and Conditions or the provisions of the
Agency Agreement. Such a meeting may be convened by the Republic and shall be
convened by the Republic at any time upon the request in writing of the holder or
holders of ten per cent. or more in principal amount of the Notes for the time being
outstanding. The quorum for any meeting convened to consider an Extraordinary
Resolution shall be one or more persons holding or representing not less than 66
2/3 per cent. of the aggregate principal amount of the Notes for the time being
outstanding, or 25 per cent. of the aggregate principal amount of the Notes for the
time being outstanding at any adjourned meeting. However, at any meeting, the
business of which is to:
(i)
(ii)
reduce or cancel the principal amount or redemption price or premium (if any)
of the Notes;
(iii)
reduce the portion of the principal amount which is payable upon acceleration
of the maturity of the Notes;
(iv)
reduce the interest rate on the Notes or any premium payable upon redemption
of the Notes;
(v)
change the currency in which interest, premium (if any) or principal will be
paid or the places at which interest, premium (if any) or principal of Notes is
payable;
(vi)
shorten the period during which the Republic is not permitted to redeem
Notes, or permit the Republic to redeem Notes if, prior to such action, the
Republic is not permitted to do so;
(vii)
reduce the proportion of the principal amount of the Notes whose vote or
consent is necessary to modify, amend or supplement the Agency Agreement
or the Terms and Conditions of the Notes;
(viii)
consent is necessary to make, take or give any request, demand, authorisation,
LON3919315/14 137705-0005
Page 14
direction, notice, consent, waiver or other action provided to be made in the

Agency Agreement or the Terms and Conditions of the Notes;
(ix)
change the obligation of the Republic to pay additional amounts with respect
to the Notes;
(x)

(xi)
(xii)
obligation under the Agency Agreement or the Terms and Conditions of the
Notes to appoint and maintain an agent for service of process or the waiver of
immunity in respect of actions or proceedings brought by any holder based
upon a Note; or
(xiii)

the necessary quorum will be one or more persons holding or representing not less
than 75 per cent. of the aggregate principal amount of the Notes for the time being
outstanding or not less than 50 per cent. of the aggregate principal amount of the
Notes for the time being outstanding at any adjourned meeting.
Resolutions may be duly passed as an Extraordinary Resolution at any meeting of
the Noteholders or by Written Resolution and will be binding on all the
Noteholders (whether or not they are present at such meeting and whether or not
they may sign the Written Resolution) and on all Couponholders.
An Extraordinary Resolution means a resolution passed at a meeting of the
Noteholders duly convened and held in accordance with the provisions above by or on
behalf of the holders of: (i) in the case of a Reserved Matter, at least 75 per cent. of
the aggregate principal amount of the Notes for the time being outstanding or at least
50 per cent. at any adjourned meeting of aggregate principal amount of the Notes for
the time being outstanding, or (ii) in the case of a matter other than a Reserved Matter,
at least 66 2/3 per cent. of the aggregate principal amount of the Notes for the time
being outstanding or at least 25 per cent. at any adjourned meeting of the aggregate
principal amount of the Notes for the time being outstanding.
A Written Resolution means a resolution in writing signed by or on behalf of the
holders of: (i) in the case of a Reserved Matter, at least 75 per cent. of the aggregate
principal amount of the Notes for the time being outstanding, or (ii) in the case of a
matter other than a Reserved Matter, at least 66 2/3 per cent. of the aggregate
principal amount of the Notes for the time being outstanding. Any Written Resolution
may be contained in one document or several documents in the same form, each
signed by or on behalf of one or more Noteholders.
LON3919315/14 137705-0005
Page 15
The Republic and the Agent may, without the vote or consent of any holder of the
Notes, amend the Agency Agreement or the Notes for the purpose of:
(i)
or
(ii)
(iii)
(iv)

(v)
amending the Agency Agreement or any of the Notes in any manner which
the Republic and the Agent may determine and which is not inconsistent
with the Notes and does not in the opinion of the Republic adversely affect
the interest of any holder of the Notes; or
(vi)
correcting in the opinion of the Republic a manifest error of a formal,

minor or technical nature; or
(vii)
complying with mandatory provisions of law or any other modification

provided that such modification is not in the opinion of the Republic
materially prejudicial to the interests of the Holders.
Any such modification, waiver or authorisation shall be binding on the

Noteholders and any such modification unless the Agent otherwise requires, shall
be notified by the Agent to the Noteholders as soon as practicable thereafter.
Noteholders, (ii) Condition 10 (Meetings of Noteholders and Modification) of the
Offering Circular and Schedule 3 of the Agency Agreement (Provisions for Meetings
of Noteholders) and (iii) Condition 7 (Events of Default) and for purposes of
determining whether the required percentage of holders of the Notes are present at a
meeting for quorum purposes, or has consented to or voted in favour of any request,
demand, authorisation, direction, notice, consent, waiver, amendment, modification or
supplement to the Notes or the Agency Agreement, or whether the required
percentage of holders has delivered a notice of acceleration of the Notes, any Notes
that the Republic owns or controls directly or indirectly will be disregarded and
deemed not to be outstanding. For this purpose, Notes owned, directly or indirectly,
by the Bank of Greece or any of the Republics local authorities and other local
authorities entities will not be regarded as, or deemed to be, owned or controlled,
Control means the power, directly or indirectly, through the ownership of voting
securities or other ownership interests or otherwise, to direct the management of or
elect or appoint a majority of the board of directors or other persons performing
similar functions in lieu of, or in addition to, the board of directors of a corporation,
trust, financial institution or other entity.
LON3919315/14 137705-0005
Page 16
Before any request is made or notice is delivered or Written Resolution is signed by

any Noteholder in accordance with the provisions of this Condition 10 or Condition 7,
the relevant Noteholder must deposit its Notes with the Paying Agent and obtain two
copies of an acknowledgment of receipt (an Acknowledgment) signed and dated by
the Paying Agent and certifying the nominal amount of Notes so deposited. Any
request so made, notice so given or Written Resolution so signed by any Noteholder
must be accompanied by an Acknowledgment issued to the Noteholder. Notes so
deposited will not be released until the earlier of (i) the thirtieth day after the date of
deposit and (ii) the request, notice or Written Resolution becoming effective in
accordance with these Terms and Conditions, and will only be released against
surrender of a relevant Acknowledgment.
11.
NOTICES
(A)
All notices to the Noteholders will be valid if published, so long as the Notes
are listed on the regulated market (as contemplated by the Prospectus Directive) of the
Luxembourg Stock Exchange and the rules of that exchange so require, in the dWort
or any other daily newspaper of general circulation in Luxembourg or published on
the website of the Luxembourg Stock Exchange (www.bourse.lu). Such notice shall
be deemed to have been given on the date of such publication or, if published more
than once, on the date of the first such publication. If publication is not practicable as
is mentioned above, notices will be valid if given in such other manner, and shall be
deemed to have been given on such dates, as the Agent shall determine.
Couponholders shall be deemed for all purposes to have notice of the contents of
any notice given to the Noteholders in accordance with this Condition 11.
(B)
Notices to the Republic to be given by any holder of the Notes shall be in
writing and given by lodging the same, together with the relative Note or Notes, with
the Agent. A copy of any notice under Condition 7 must, to be valid, also be delivered
to Ministry of Economy and Finance, General Accounting Office, Public Debt
Directorate at the following address:
Tel. +30 210 3338 360
Fax. +30 210 3234 967
12.
In acting under the Agency Agreement, the Agent and the Paying Agent will act
solely as agents of the Republic and do not assume any obligations or relationships of
contains provisions for the indemnification of the Paying Agents and for relief from
responsibility in certain circumstances, and entitles any of them to enter into business
transactions with the Republic without being liable to account to the Noteholders or
the Couponholders for any resulting profit.
LON3919315/14 137705-0005
Page 17
13.
FURTHER ISSUES
The Republic shall be at liberty from time to time without the consent of the
Noteholders or Couponholders to create and issue further Notes having terms and
conditions the same as the Notes or the same in all respects save for the amount
and date of the first payment of interest thereon and so that the same shall be
consolidated and form a single series with and increase the aggregate principal
amount of the outstanding Notes.
14.
(A)
The Agency Agreement, the Notes and the Coupons are governed by, and
shall be construed in accordance with, English law.
(B)
The Republic irrevocably agrees, for the exclusive benefit of the Paying
Notes and the Coupons (together referred to as Proceedings) may be brought in
such courts.
(C)
The Republic hereby irrevocably waives any objection which it may have now
courts of any other jurisdiction.
(D)
Nothing contained in this Condition shall limit any right to take Proceedings
against the Republic in any other court of competent jurisdiction, and the taking of
Proceedings in one or more jurisdictions shall not preclude the taking of Proceedings
in any other jurisdiction, whether concurrently or not. The Republic appoints the
Economic and Commercial Counsellor for the time being of the Greek Embassy, 1a
Holland Park, London W11 3TP, Fax +44 20 7727 9934 as its agent for service of
process in England, and undertakes that, in the event of such agent ceasing so to act or
no longer having an address in England, it will appoint another person as its agent for
service of process in England in respect of any Proceedings. Nothing herein shall
affect the right to serve Proceedings in any other manner permitted by law.
(E)
The Republic hereby irrevocably and unconditionally waives with respect to
the Agency Agreement, the Notes and/or the Coupons any right to claim immunity
from jurisdiction or execution and any similar defence and irrevocably and
unconditionally consents to the giving of any relief or the issue of any process,
including, without limitation, the making, enforcement or execution against any
property whatsoever (irrespective of its use or intended use) of any order or judgment
validly made or given in connection with any Proceedings. Notwithstanding the
foregoing, the property of the Republic is subject to execution and attachment to the
extent permitted by the international conventions and Greek law.
LON3919315/14 137705-0005
Page 18
15.
No rights are conferred on any person under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of this Note, but this does not affect any
right or remedy of any person which exists or is available apart from that Act.
A judicial fee (being at the date hereof at the rate of approximately one per cent. of
the amount claimed) will be payable to the Republic upon the commencement of
Proceedings in the courts of the Republic to obtain a judgment, or to enforce a
judgment obtained in any jurisdiction outside the Republic, for the payment of any
sum due from the Republic. This judicial fee may be recoverable from the defeated
party by the person commencing such Proceedings if such person is successful in such
Proceedings.
LON3919315/14 137705-0005
Page 19
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN

GLOBAL FORM
The Temporary Global Note and Permanent Global Note contain provisions which
apply to the Notes while they are in global form, some of which modify the effect
of the terms and conditions of the Notes set out in this document. The following is
a summary of certain of those provisions:
1.
(i)
(ii)
The Permanent Global Note is exchangeable in whole, but not in part, for
definitive bearer Notes only if (a) Euroclear and Clearstream, Luxembourg are
closed for business for a continuous period of 14 days (other than by reason of
legal holidays) or have announced an intention permanently to cease business
and no alternative clearance system satisfactory to the Agent is available; or
(b) the Republic or any person acting on its behalf is obliged to pay additional
amounts as provided for or referred to in Condition 6 which would not be
required were the Notes in definitive bearer form; or (c) an Event of Default
(as defined in Condition 7) has occurred and is continuing.
If principal in respect of any Notes is not paid when due and payable the holder of
the Permanent Global Note may by notice to the Agent (which may but need not
be the default notice referred to in Default below) require the exchange of a
specified principal amount of the Permanent Global Note (which may be equal to
or (provided that, if the Permanent Global Note is held by or on behalf of a
clearing system, that clearing system agrees) less than the outstanding principal
amount of Notes represented thereby) for definitive Notes on or after the exchange
date specified in such notice.
On or after any exchange into definitive Notes the holder of the Permanent Global
Note may surrender the Permanent Global Note or, in the case of a partial
exchange, present it for endorsement to or to the order of the Agent. In exchange for
the Permanent Global Note, or the part thereof to be exchanged, the Republic will
deliver, or procure the delivery of, an equal aggregate principal amount of duly
executed and authenticated definitive Notes in bearer form (having attached to them
all Coupons in respect of interest which has not already been paid on the Permanent
Global Note), security printed in accordance with any applicable legal and stock
exchange requirements and in or substantially in the form set out in Parts III and IV of
Schedule 2 to the Agency Agreement. On exchange in full of the Permanent Global
Note, the Republic will, if the holder so requests, procure that it is cancelled and
2.
PAYMENTS
No payment will be made on the Temporary Global Note unless exchange for an
interest in the Permanent Global Note is improperly withheld or refused provided
LON3919315/14 137705-0005
Page 20
that, in the case of an improper withholding of, or refusal to exchange, an interest

in the Permanent Global Note, a certificate of non-U.S. beneficial ownership has
been properly provided.
Payments of principal and interest in respect of Notes represented by the
Permanent Global Note will be made against presentation for endorsement and, if
no further payment falls to be made in respect of the Notes, surrender of the
Permanent Global Note to or to the order of the Agent or Paying Agent as shall
have been notified to the Noteholders for such purpose. A record of each payment
so made will be endorsed on the appropriate schedule to the Permanent Global
Note, which endorsement will be prima facie evidence that such payment has been
made in respect of the Notes.
3.
NOTICES
Notices shall be given as provided in Condition 11, save that so long as the Notes
are represented by the Temporary Global Note or Permanent Global Note and the
Temporary Global Note or Permanent Global Note is held on behalf of a clearing
system, in addition to publication as required by Condition 11, notice may be
given by delivery of the relevant notice to that clearing system for communication
by it to entitled accountholders.
4.
Cancellation of any Note to be cancelled following its purchase by the Republic

will be effected by reduction in the principal amount of the Permanent Global
Note.
5.
DEFAULT
The global Notes provide that the holder may cause the global Note or a portion of
it to become due and payable in the circumstances described in Condition 7 by
stating in the notice to the Republic the principal amount of Notes which is being
declared due and payable.
LON3919315/14 137705-0005
Page 21
USE OF PROCEEDS
The gross proceeds from the issue of Notes, which will be 550,000,000, will be
LON3919315/14 137705-0005
Page 22
GREEK TAXATION
The comments below are of a general nature and are based on the provisions
of tax laws currently in force in Greece. Noteholders who are in doubt as to
their personal tax position should consult their professional advisers.
All payments due from the Republic in respect of principal or interest in respect of
the Notes may be made free and clear of, and without deduction or withholding for
or on account of any Greek taxes provided that the holder of the relevant Note or,
as the case may be, Coupon is not subject to such tax by reason of his being
connected with the Republic or otherwise than merely by holding such Note or
Coupon.
No additional amount shall be payable on account of Greek taxes by any
individual holder of Notes who is a foreign tax resident and who has provided
evidence that he or she has received or secured such interest for his or her own
benefit (in the sense of article 4, paras 1(a) to 1(c) (inclusive) of Law 3312/2005,
which implements the European Union Directive on the Taxation of Savings
Income into Greek law.
Holders of the Notes, regardless of whether they are residents or not for tax
purposes in the Republic, will not be subject to Greek taxes or duties on capital
gains realised from the sale or redemption of their Notes or Coupons.
No stamp, registration or similar taxes are currently payable in the Republic in
respect of execution or delivery of any of the documents in connection with the
execution, issue or transfer of any of the Notes or Coupons.
LON3919315/14 137705-0005
Page 23

Piraeus Bank S.A. (the Manager) has, pursuant to a Subscription Agreement
dated 9 July 2008 (the Subscription Agreement), agreed with the Republic to
subscribe and pay for the Notes at the issue price of 100 per cent. of the principal
amount of the Notes plus an amount equal to 91 days interest from, and including,
11 April 2008 to, but excluding 11 July 2008. The Manager is entitled to
terminate the Subscription Agreement in certain circumstances prior to payment to
the Republic.
The Notes have not been and will not be registered under the U.S. Securities Act
of 1933 (the Securities Act) and are subject to U.S. tax law requirements.
Subject to certain exceptions, Notes may not be offered or sold within the United
States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. The Manager has agreed that it will
not offer, sell or deliver any Notes within the United States or to U.S. persons,
except as permitted by the Subscription Agreement.
In addition, until 40 days after the commencement of the offering, an offer or sale
of Notes within the United States by any dealer (whether or not participating in the
The Manager has represented and agreed it has complied and will comply with all
applicable provisions of the Financial Services and Markets Act 2000 with respect
to anything done by it in relation to the Notes in, from or otherwise involving the
United Kingdom.
The Manager:
(a)
has represented, warranted and undertaken to the Republic that it has offered
and sold the Notes, and will offer and sell the Notes:
only in accordance with Rule 903 of Regulation S under the Securities Act
and, accordingly, that:
(A) neither it nor any of its affiliates (including any person acting on behalf
of such Manager or any of its affiliates) have engaged or will engage in
any directed selling efforts with respect to the Notes; and
(B) the Manager and its respective affiliates have complied and will
comply with the offering restrictions requirement of Regulation S
under the Securities Act; and
(b)
undertaken to the Republic that, at or prior to confirmation of sale, they will

have sent to each distributor, dealer or person receiving a selling concession,
LON3919315/14 137705-0005
Page 24
fee or other remuneration which purchases Notes from it during the restricted
period a confirmation or notice in substantially the following form:
The Securities covered hereby have not been registered under the United
States Securities Act of 1933 (the Securities Act) and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons, (i) as part of their distribution at any time or (ii) otherwise until 40
days after the later of the commencement of the offering and the closing date,
except in either case in accordance with Regulation S under the Securities Act.
Terms used above have the meanings given to them by Regulation S.
The Manager has represented and undertaken to the Republic that:
(a)

1.163-5(c)(2)(i)(D) (the D Rules):
(i) they have not offered or sold, and during the restricted period will not
offer or sell, any Notes to a person who is within the United States or
its possessions or to a United States person; and
(ii) they have not delivered and will not deliver in definitive form within
the United States or its possessions any Notes sold during the restricted
period;
(b)
reasonably designed to ensure that its employees or agents who are directly
engaged in selling Notes are aware that the Notes may not be offered or sold
during the restricted period to a person who is within the United States or its
possessions or to a United States person, except as permitted by the D Rules;
and
(c)
if it is a United States person, it is acquiring the Notes for the purposes of

resale in connection with their original issuance and, if it retains Notes for its
own account, it will only do so in accordance with the requirements of United
States Treasury Regulation 1.163-5(c)(2)(i)(D)(6),
and, with respect to each affiliate of any Manager that acquires Notes from such
Manager for the purpose of offering or selling such Notes during the restricted period,
such Manager undertakes to the Republic that it will obtain from such affiliate for the
benefit of the Republic the representations and undertakings contained in
sub-paragraphs (a), (b) and (c) above.
No action has been taken in any jurisdiction that would permit a public offering of any
of the Notes or, or possession or distribution of the Offering Circular, or any other
offering material relating to the Notes or any supplement, in any country or
jurisdiction where action for that purpose is required. Further neither the Republic
nor the Manager represent that Notes may at any time lawfully be sold in compliance
with any applicable registration or other requirements in any jurisdiction or pursuant
to any exemption available thereunder or assumes any responsibility for facilitating
the same.
LON3919315/14 137705-0005
Page 25
The Manager agrees that it will comply with all relevant laws, regulations and
directives in each jurisdiction in which it purchases, offers, sells or delivers Notes or
have in their possession or distributes any other offering material relating to the Notes
or any supplement.
LON3919315/14 137705-0005
Page 26
GENERAL INFORMATION
1.
Decisions 2/44514/004 dated 16 June 1999 and published on 7 July 1999 of
the Minister of Finance and 238/0094/3 January 2005 of the Minister of
Economy and Finance.
2.
Application has been made to list the Notes on the regulated market (as
contemplated by the Prospectus Directive) of the Luxembourg Stock
Exchange. As long as the Notes are listed on the Luxembourg Stock
Exchange, the Republic will maintain a Paying Agent having a specified office
in Luxembourg.
3.
The Notes have been accepted for clearance through Euroclear and
Clearstream, Luxembourg with a Common Code of 035733302. The ISIN
code for the Notes is XS0357333029.
4.
Copies of the Agency Agreement, incorporating the respective forms of the

global Notes and the definitive Notes, and the Deed of Covenant, may be
inspected on any Business Day (Saturdays and public holidays excepted) at the
specified offices of the Paying Agent.
5.
The Notes and Coupons will contain the following legend Any United States
person who holds this obligation will be subject to limitations under the
United States income tax laws, including the limitations provided in Sections
165(j) and 1287(a) of the Internal Revenue Code.
LON3919315/14 137705-0005
Page 27
THE ISSUER
8 Omirou Street
10564 Athens
MANAGER
Piraeus Bank S.A.
4 Amerikis Street
10564 Athens
AGENT,
AND AGENT BANK
Winchester House
London EC2 2DB
AND LISTING AGENT
L-1115 Luxembourg
LEGAL ADVISERS
8 Omirou Street
10564 Athens

Freshfields Bruckhaus Deringer LLP
65 Fleet Street
London EC4Y 1HS

4 Flessa Street
105 56 Athens
LON3919315/14 137705-0005
Page 28
OFFERING CIRCULAR

500,000,000 Floating Rate Notes due 11 April 2016 (to be consolidated and form
a single issue with the 4,100,000,000 Floating Rate Notes due 11 April 2016
issued by the Hellenic Republic in two tranches on 11 April 2008 and
11 July 2008)
issued by the Hellenic Republic (the Republic) in two tranches on 11 April 2008
and 11 July 2008) (the Notes) will bear interest from, and including, 11 April 2008
and interest will be payable semi-annually in arrear on each Interest Payment Date
(see Terms and Conditions of the Notes Interest). The first payment of interest
will be paid on 11 October 2008 in respect of the period from, and including 11 April
2008 to, but excluding, 11 October 2008. Payments of interest in respect of the Notes
will be made without deduction for or on account of Greek taxes, as described, and
subject to the exceptions set out, under Terms and Conditions of the Notes Taxation.
This Offering Circular neither constitutes a prospectus pursuant to Part II of the
Luxembourg law on prospectuses for securities (loi relative aux prospectus pour
valeurs mobilires) dated 10 July 2005 (the Luxembourg Prospectus Law) (which
implements the Directive 2003/71/EC of the European Parliament and of the Council
of 4 November 2003 (the Prospectus Directive)) nor a simplified prospectus
pursuant to Chapter 2 of Part III of the Luxembourg Prospectus Law. Accordingly,
this Offering Circular does not purport to meet the format and the disclosure
requirements of the Prospectus Directive and Commission Regulation (EC) No
submitted for approval to any competent authority within the meaning of the
Prospectus Directive and in particular the Supervisory Commission of the Financial
Sector (Commission de Surveillance du Secteur Financier), in its capacity as
competent authority under the Luxembourg Prospectus Law. The Notes, issued
pursuant to this Offering Circular, will therefore not qualify for the benefit of the
single European passport pursuant to the Prospectus Directive.
The Notes will initially be represented by a temporary global note (the Temporary
Global Note), without interest coupons, which will be deposited on or about
18 July 2008 (the Closing Date) with a common safekeeper (the Common
Safekeeper) for Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking,

socit anonyme (Clearstream, Luxembourg and, together with Euroclear, the
ICSDs). Interests in the Temporary Global Note will be exchangeable for interests
in a permanent global note (the Permanent Global Note), without interest coupons,
on or after 27 August 2008, upon certification as to non-U.S. beneficial ownership.
The Notes are intended to be held in a manner which will allow Eurosystem
eligibility. This simply means that the Notes are intended upon issue to be deposited
with one of the ICSDs as common safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for Eurosystem monetary policy and
intra-day credit operations by the Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon satisfaction of the Eurosystem
eligibility criteria.
Manager
Alpha Bank S.A.

Page 2
The Republic confirms that it has taken all reasonable care to ensure that all
information contained in this Offering Circular with regard to the Republic and the
Notes is in every material respect true and accurate and not misleading and to the
best of its knowledge and belief there are no other facts the omission of which would
make any statement in the Offering Circular misleading in any material respect in the
context of the issue and sale of the Notes. The Republic accepts responsibility
accordingly.
Alpha Bank S.A. (the Manager) has not separately verified the information
contained herein. Accordingly, no representation, warranty or undertaking, express
or implied, is made and no responsibility or liability is accepted by the Manager as to
the accuracy or completeness of the information contained in this Offering Circular
or any other information provided by the Republic in connection with the Notes or
their distribution.
No person is or has been authorised to give any information or to make any
representation which is not contained in, or which is not consistent with, this Offering
Circular or any other information supplied by or on behalf of the Republic in
connection with the Notes and, if given or made, such information or representation
must not be relied upon as having been authorised by the Republic or the Manager.
Neither this Offering Circular nor any other information supplied in connection with
the Notes (i) is intended to provide the basis of any credit or other evaluation or (ii)
should be considered as a recommendation or constituting an invitation or offer by
the Republic that any recipient of this Offering Circular should purchase any Notes.
Each investor contemplating purchasing any Notes should make its own independent
investigation of the financial condition and affairs, and its own appraisal of the
contained herein concerning the Republic is correct at any time subsequent to the
date hereof or that any other information supplied in connection with the issue of the
Notes is correct as of any time subsequent to the date indicated in the document
containing the same.
The distribution of this Offering Circular and the offer or sale of Notes may be
restricted by law in certain jurisdictions. The Republic and the Manager do not
represent that this document may be lawfully distributed or that the Notes may be
lawfully offered, in compliance with any applicable registration or other requirements
in any such jurisdiction, or pursuant to an exemption available thereunder, or assume
any responsibility for facilitating any such distribution or offering. In particular, no
action has been taken by the Republic or the Manager which would permit a public
offering of the Notes or distribution of this document in any jurisdiction where action
for that purpose is required. Accordingly, the Notes may not be offered or sold,
directly or indirectly, and neither this Offering Circular nor any advertisement or
other offering material may be distributed or published, in any jurisdiction except
under circumstances that will result in compliance with any applicable laws and
regulations. Persons into whose possession this Offering Circular or any Notes come
must inform themselves about, and observe, any such restrictions. In particular, there
Page 3
are restrictions on the distribution of this Offering Circular and the offer or sale of
Notes in the United States and the United Kingdom (see Subscription and Sale).
references to or euro are to the currency introduced at the start of the third
stage of European Economic and Monetary Union pursuant to the Treaty establishing
the European Community (as amended from time to time).
Page 4
TABLE OF CONTENTS
Page
Terms and Conditions of the Notes...........................................................................6
Summary of provisions relating to the Notes while in global form .........................20
Use of Proceeds......................................................................................................22
Greek Taxation.......................................................................................................23
Subscription and Sale .............................................................................................24
General Information ...............................................................................................27
Page 5

There follows the text of the Terms and Conditions to which (subject to completion
and amendment) the Notes will be subject:
are issued by The Hellenic Republic in two tranches (the Republic) on 11 April
2008 and 11 July 2008) (the Notes) pursuant to (a) article 1 of L. 2187/94, as in
force, Laws 2628/98 (for the establishment of the Public Debt Management Agency
(PDMA)), 2682/99 and 3091/2002 and (b) Ministerial Decisions 2/44514/004 dated
16 June 1999 and published on 7 July 1999 of the Minister of Finance and 238/0094/3
January 2005 of the Minister of Economy and Finance. Payments in respect of the
Notes will be made pursuant to an Amended and Restated Agency Agreement (the
Agency Agreement) dated 17 July 2008 and made between the Republic, Deutsche
Bank AG, London Branch as principal paying agent and agent bank (the Agent,
which expression shall include any successor agent) and Deutsche Bank Luxembourg
S.A. as Luxembourg paying agent (the Paying Agent, together with the Agent, the
Paying Agents, which expression shall include any successor paying agents).
benefit of an Amended and Restated Deed of Covenant (the Deed of Covenant)
dated 17 July 2008 and made by the Republic.
Copies of the Agency Agreement and the Deed of Covenant are available for
inspection, during normal business hours at the specified offices of each of the
Paying Agents. The Noteholders and the Couponholders are deemed to have notice
of, and are entitled to the benefit of, all the provisions of the Deed of Covenant
and the Agency Agreement which are binding on them.
Words and expressions defined in the Agency Agreement shall have the same
meanings where used in these Terms and Conditions unless the context otherwise
requires or unless otherwise stated and provided that, in the event of inconsistency
between the Agency Agreement and these Terms and Conditions, these Terms and
Conditions will prevail. Any reference herein to Noteholders shall mean the
holders of the Notes and any reference herein to Couponholders shall mean the
holders of the Coupons (as defined below).
1.
Denomination). Any definitive Notes are issued with interest coupons for the
Subject as provided below, title to the Notes and Coupons will pass by delivery.
The Republic and each of the Paying Agents may deem and treat the bearer of any
Note or Coupon as the absolute owner thereof (whether or not overdue and
notwithstanding any notice of ownership or writing thereon or notice of any
previous loss or theft thereof) for all purposes.
Page 6
Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking, socit
anonyme (Clearstream, Luxembourg), each person (other than Euroclear or
Clearstream, Luxembourg) that is for the time being shown in the records of
Euroclear or Clearstream, Luxembourg, as the holder of a particular nominal
Euroclear or Clearstream, Luxembourg as to the nominal amount of such Notes
standing to the account of any person shall be conclusive and binding for all purposes
save in the case of manifest error) shall be treated by the Republic and any Paying
Agent as the holder of such nominal amount of such Notes for all purposes other than
with respect to the payment of principal or interest on the Notes, for which purpose
the bearer of the relevant global Note shall be treated by the Republic and any
Paying Agent as the holder of such Notes in accordance with and subject to the
terms of the relevant global Note (and the expressions Noteholder and holder
of Notes and related expressions shall be construed accordingly). Notes which are
represented by a global Note will be transferable only in accordance with the rules
and procedures for the time being of Euroclear or Clearstream, Luxembourg, as the
case may be.
2.
The Notes constitute direct, general, unconditional, unsubordinated and, subject to

this Condition, unsecured obligations of the Republic. The Notes rank pari passu
with all other unsecured and unsubordinated obligations of the Republic
outstanding on 18 July 2008 or issued thereafter without any preference granted by
the Republic to one above the other by reason of priority of date of issue, currency
of payment, or otherwise. The due and punctual payment of the Notes and the
performance of the obligations of the Republic with respect thereto is backed by
the full faith and credit of the Republic. So long as any Note remains outstanding,
the Republic shall not create or permit to subsist any mortgage, pledge, lien or charge
upon any of its present or future revenues, properties or assets to secure any External
Indebtedness, unless the Notes shall also be secured by such mortgage, pledge, lien or
charge equally and rateably with such External Indebtedness or by such other security
as may be approved by an Extraordinary Resolution of the Noteholders (as described
in Condition 10).
External Indebtedness means existing or future indebtedness for borrowed
money of the Republic (i) expressed or payable or optionally payable in a currency
other than the lawful currency of the Republic (including any guarantees given by
the Republic for any existing or future indebtedness for borrowed money of any
other person which indebtedness is expressed or payable or optionally payable in a
currency other than the lawful currency of the Republic) or (ii) borrowed from or
initially placed with a foreign institution or person under a contract governed by
the laws of a jurisdiction other than the Republic (including any guarantees given
by the Republic for any existing or future indebtedness for borrowed money of any
other person which is borrowed from or initially placed with a foreign institution
or person under a contract governed by the laws of a jurisdiction other than the
Republic).
Page 7
3.
INTEREST
(1)
11 October and 11 April in each year (each an Interest Payment Date). The first
Interest Payment Date will be 11 October 2008 in respect of the period from, and
including 11 April 2008 to, but excluding 11 October 2008. Interest will be
payable in respect of each Interest Period (which expression shall mean the
period from and including the Interest Commencement Date to but excluding the
first Interest Payment Date and each successive period from and including an
Interest Payment Date to but excluding the next succeeding Interest Payment
Date).
(2)
Interest Accrual
improperly withheld or refused or unless default is otherwise made in respect of
payment. In such event, interest will continue to accrue until whichever is the earlier
of: the date on which all amounts due in respect of such Note have been paid; and five
days after the date on which the full amount of the moneys payable in respect of such
Notes has been received by the Agent and notice to that effect has been given to the
Noteholders in accordance with Condition 11.
(3)
Rate of Interest
Interest) will be determined by the Agent on the basis of the following provisions:
(a)
(b)

(i)
Interest Rate means 6 month Euribor (determined as set out

below) plus 0.075 per cent.;
(c)
For the purposes of these Terms and Conditions, 6 month Euribor will be set
by the Agent or its duly appointed successor on each Interest Determination
approximately 11.00 a.m. (Frankfurt time) on the Interest Determination Date
in question. If the Screen Rate is unavailable, the Agent will request the
below) to provide the Agent with the rate at which deposits in euros are
offered by it to prime banks in the Euro-Zone interbank markets for six
months at approximately 11.00 a.m. (Frankfurt time) on the Interest
Page 8
(e)
In these Terms and Conditions (except where otherwise defined), the

expression:
(i) Business Day means any day which is a day on which the TransEuropean Automated Real-Time Gross Settlement Express Transfer
(TARGET) System is open;
(ii) Euro-zone means the countries of the European Union which from
time to time have adopted the Euro currency;
(iii) Interest Determination Date means the date which is two Business
Days prior to the first day of the Interest Period for which the rate will
apply;
(iv) Euribor Reference Banks means each of the banks whose offered
rates would have been used for the purposes of the Screen Rate, failing
which, the principal Euro-Zone office of each of four major banks
engaged in the Euro-Zone interbank market selected by the Agent
provided that once a Euribor Reference Bank has first been selected by
the Agent, that Euribor Reference Bank shall not be changed unless
and until it ceases to be capable of acting as such; and
(v) Screen Rate means the rate for deposits in euros for six months
which appears on the Reuters page EURIBOR01 (or such replacement
page on that service which displays the information).
(4)
thereafter, determine the euro amount payable in respect of interest on the
Specified Denomination (the Interest Amount) for the relevant Interest
Period. Each Interest Amount shall be determined by applying the Rate of
Interest to the Specified Denomination, multiplying the sum by the actual
number of days in the Interest Period concerned (such number of days being
calculated on an Actual/360 basis and rounding the resultant figure to the nearest
cent (half a cent being rounded upwards)).
(5)
Interest Amount for each Interest Period and the relative Interest Payment Date
to be notified to the Republic and to any stock exchange on which the Notes are
at the relevant time listed and to be published in accordance with Condition 11 as
soon as possible after their determination. The Interest Amount and Interest
Payment Date may subsequently be amended (or appropriate alternative
arrangements made by way of adjustment) without notice in the event of an
(6)
Page 9

decisions given, expressed, made or obtained for the purposes of and in accordance
with the provisions of this Condition, whether by the Reference Banks (or any of
them) or the Agent, will (in the absence of wilful default, bad faith or manifest error)
be binding on the Republic, the Paying Agent and all Noteholders and Couponholders
and (in the absence as referred to above) no liability to the Republic or the
Noteholders or the Couponholders shall attach to the Agent in connection with the
exercise or non-exercise by it of its powers, duties and discretions under this
Condition.
(7)
Agent
The Republic will procure that so long as any of the Notes remains outstanding
there shall at all times be an Agent for the purposes of the Notes and the
Republic may terminate the appointment of the Agent. In the event of the
appointed office of any bank being unable or unwilling to continue to act as the
Agent or failing duly to determine the Rate of Interest and the Interest Amount
for any Interest Period, the Republic shall appoint the Euro-zone office of
4.
(1)
Final Redemption
Unless previously redeemed or purchased and cancelled as provided below, the

Notes will be redeemed at their principal amount on the Interest Payment Date
falling on 11 April 2016 (the Maturity Date).
(2)
Purchases
The Republic may at any time purchase or otherwise acquire Notes in the open
market or otherwise. Notes purchased or otherwise acquired by the Republic may
be held or resold or, at the discretion of the Republic, surrendered to the Agent for
cancellation (together with (in the case of definitive Notes) any unmatured
Coupons attached thereto or purchased therewith). If purchases are made by
tender, tenders must be made available to all holders of Notes alike.
(3)
Cancellation
All Notes redeemed, and all Notes purchased or otherwise acquired as aforesaid
and surrendered to the Agent for cancellation, shall be cancelled (together, in the
case of definitive Notes, with all unmatured Coupons presented therewith), and
thereafter may not be re-issued or re-sold.
5.
PAYMENTS
Subject as provided below payments will be made in euro cheque drawn on, or by
transfer to, a euro account maintained by the payee. Payments of principal and
interest in respect of the Notes will (subject as provided below) be made against
presentation or surrender of such Notes or Coupons, as the case may be, at any
Page 10
specified office of the Paying Agent outside the United States. If any Notes are
redeemed or become repayable in accordance with these Conditions prior to the
Maturity Date, principal will be payable on surrender of each Note. All payments
of interest and principal with respect to Notes will be made outside the United
States. Upon the due date for redemption of any Note all unmatured Coupons
relating to such Note (whether or not attached) shall become void and no payment
shall be made in respect of them.
If any date for payment of any amount in respect of any Note or Coupon is not a
Payment Day, then the holder thereof shall not be entitled to payment until the
next following Payment Day in the relevant place and shall not be entitled to any
further interest or other sum in respect of any such delay. For these purposes,
Payment Day means (subject to Condition 8) a day on which the TARGET
accrued in respect of such Note from (and including) the last preceding Interest
Payment Date (or from the Interest Commencement Date, as the case may be) will
be paid only against surrender of such Note.
The name of the initial Agent and the initial Paying Agent and each of their initial
specified offices are set out below. The Republic reserves the right at any time to
vary or terminate the appointment of the Paying Agent and to appoint additional or
other Paying Agents and/or to approve any change in the specified office of any
Paying Agent, provided that it will, so long as any of the Notes is outstanding,
maintain (i) an agent bank (which may be the Agent) and (ii) a Paying Agent
(which may be the Agent) having a specified office in a leading financial centre in
continental Europe which, so long as the Notes are listed on the Luxembourg
Stock Exchange and the rules of such exchange so require, shall be Luxembourg,
termination or change shall only take effect (other than in the case of insolvency,
when it shall be of immediate effect) after not less than 30 days prior notice
thereof shall have been given to the Noteholders in accordance with Condition 11
and provided further that neither the resignation nor removal of the Agent shall
take effect, except in the case of insolvency as aforesaid, until a new Agent has
been appointed.
Furthermore, the Republic undertakes that any Paying Agent maintained shall have
a specified office in a Member State of the European Union that is not obliged to
withhold or deduct tax pursuant to European Directive on the Taxation of Savings
Income unless such obligation is imposed by the same European Directive.
Payments in respect of the Notes will be subject in all cases to any fiscal or other
laws and regulations applicable thereto in the place of payment or to any European
Community legal provision but without prejudice to the provisions of Condition 6.
6.
TAXATION
All payments of principal and/or interest in respect of the Notes and Coupons will
be made without deduction or withholding for or on account of any present or
future taxes, duties, assessments or governmental charges of whatever nature
Page 11
imposed or levied by or on behalf of the Republic or by or on behalf of any

political subdivision thereof or any authority therein having power to tax (a
Tax), unless deduction or withholding of such Tax is compelled by law. In that
event the Republic will pay such additional amounts as will result (after such
deduction or withholding) in the receipt by the holders of the Notes or Coupons of
the amounts which would otherwise have been receivable (in the absence of such
deduction or withholding), except that no such additional amount shall be payable
(a)
by or on behalf of a holder who is subject to such Tax in respect of such Note

or Coupon by reason of his being connected with the Republic (or any political
(b)

withholding or deduction by making a declaration of non-residence or other
similar claim for exemption to the relevant tax authority if, after having been
requested to make such a declaration or claim, such holder fails to do so; or
(c)
more than 30 days after the Relevant Date except to the extent that the holder
thereof would have been entitled to such additional payment on presenting the
same for payment on the last day of such 30 day period; or
(d)
where such withholding or deduction is imposed on a payment to or for an

individual and is required to be made pursuant to the European Union
Directive on the Taxation of Savings Income.

(i)
(ii)
(if the full amount of the monies payable on such date has not been received
by the Agent on or prior to such due date) the date on which, the full amount
of such monies having been so received, notice to that effect is duly given to
the Noteholders in accordance with Condition 11 or individually.
Any reference in these Terms and Conditions to principal in respect of the Notes
amount from payments of principal.
Any reference in these Terms and Conditions to interest in respect of the Notes
amount from payments of interest.
7.
EVENTS OF DEFAULT
Page 12
(a)
the Republic defaults in any payment of interest in respect of any of the Notes
or Coupons and such default is not cured by payment thereof within 30 days
from the due date for such payment; or
(b)
the Republic is in default in the performance of any other covenant, condition

or provision set out in the Notes and continues to be in default for 30 days
after written notice thereof shall have been given to the Republic by the holder
of any Note; or
(c)
in respect of any other External Indebtedness in an amount equal to or

exceeding U.S.$25,000,000 (or its equivalent), (i) such indebtedness is
accelerated so that it becomes due and payable prior to the stated maturity
thereof as a result of a default thereunder and such acceleration has not been
rescinded or annulled or (ii) any payment obligation under such indebtedness
is not paid as and when due and the applicable grace period, if any, has lapsed
and such non-payment has not been cured; or
(d)
a general moratorium is declared by the Republic or the Bank of Greece in

respect of its External Indebtedness or the Republic or the Bank of Greece
announces its inability to pay its External Indebtedness as it matures; or
(e)
any government order, decree or enactment shall be made whereby the

Republic is prevented from observing and performing in full its obligations
contained in the Notes,
then the holders for the time being of at least 25 per cent. of the aggregate
principal amount of the outstanding Notes may (i) give notice in writing to the
Republic and to the Agent in accordance with Condition 11 that such Notes are
immediately due and payable at their principal amount together with accrued
interest (if any) or (ii) decide at a meeting that such Notes are immediately due
and payable, whereupon such Notes shall become immediately due and payable at
their principal amount together with accrued interest (if any) and/or (iii) decide at
a meeting that, if the case may be, litigation be instituted.
The holders of at least 66 2/3 per cent. of the aggregate principal amount of the
Notes (at the time being outstanding) may rescind (i) such notice of acceleration
(ii) such decision to accelerate or (iii) such decision to institute litigation if the
event or events of default giving rise to the declaration or to the decisions have
been cured or waived. Such rescission shall be made by giving notice in writing to
the Republic and to the Agent whereupon such declaration or decision shall be
rescinded and have no further effect. No such rescission shall affect any other or
any subsequent Event of Default or any right of any Noteholder in relation thereto.
Such rescission will be conclusive and binding on all holders of the Notes
8.
PRESCRIPTION
Claims for payment of principal in respect of the Notes shall be prescribed upon
the expiry of ten years, and claims for payment of interest in respect of the Notes
shall be prescribed upon the expiry of five years, in each case from the Relevant
Date (as defined in Condition 6) thereof, subject to the provisions of Condition 5.
Page 13
9.
If any Note or Coupon is lost, stolen, mutilated, defaced or destroyed, it may be

replaced at the specified office of the Agent upon payment by the claimant of the
expenses incurred in connection therewith and on such terms as to evidence and
indemnity as the Republic may reasonably require. Mutilated or defaced Notes or
Coupons must be surrendered before replacements will be issued.
10.
The Agency Agreement contains provisions for convening meetings of

Noteholders to consider matters affecting their interests, including modification by
Extraordinary Resolution of these Terms and Conditions or the provisions of the
Agency Agreement. Such a meeting may be convened by the Republic and shall be
convened by the Republic at any time upon the request in writing of the holder or
holders of ten per cent. or more in principal amount of the Notes for the time being
outstanding. The quorum for any meeting convened to consider an Extraordinary
Resolution shall be one or more persons holding or representing not less than 66
2/3 per cent. of the aggregate principal amount of the Notes for the time being
outstanding, or 25 per cent. of the aggregate principal amount of the Notes for the
time being outstanding at any adjourned meeting. However, at any meeting, the
business of which is to:
(i)
(ii)
reduce or cancel the principal amount or redemption price or premium (if any)
of the Notes;
(iii)
reduce the portion of the principal amount which is payable upon acceleration
of the maturity of the Notes;
(iv)
reduce the interest rate on the Notes or any premium payable upon redemption
of the Notes;
(v)
change the currency in which interest, premium (if any) or principal will be
paid or the places at which interest, premium (if any) or principal of Notes is
payable;
(vi)
shorten the period during which the Republic is not permitted to redeem
Notes, or permit the Republic to redeem Notes if, prior to such action, the
Republic is not permitted to do so;
(vii)
consent is necessary to modify, amend or supplement the Agency Agreement
or the Terms and Conditions of the Notes;
(viii)
consent is necessary to make, take or give any request, demand, authorisation,
Page 14
direction, notice, consent, waiver or other action provided to be made in the

Agency Agreement or the Terms and Conditions of the Notes;
(ix)
change the obligation of the Republic to pay additional amounts with respect
to the Notes;
(x)

(xi)
(xii)
obligation under the Agency Agreement or the Terms and Conditions of the
Notes to appoint and maintain an agent for service of process or the waiver of
immunity in respect of actions or proceedings brought by any holder based
upon a Note; or
(xiii)

the necessary quorum will be one or more persons holding or representing not less
than 75 per cent. of the aggregate principal amount of the Notes for the time being
outstanding or not less than 50 per cent. of the aggregate principal amount of the
Notes for the time being outstanding at any adjourned meeting.
Resolutions may be duly passed as an Extraordinary Resolution at any meeting of
the Noteholders or by Written Resolution and will be binding on all the
Noteholders (whether or not they are present at such meeting and whether or not
they may sign the Written Resolution) and on all Couponholders.
An Extraordinary Resolution means a resolution passed at a meeting of the
Noteholders duly convened and held in accordance with the provisions above by or on
behalf of the holders of: (i) in the case of a Reserved Matter, at least 75 per cent. of
the aggregate principal amount of the Notes for the time being outstanding or at least
50 per cent. at any adjourned meeting of aggregate principal amount of the Notes for
the time being outstanding, or (ii) in the case of a matter other than a Reserved Matter,
at least 66 2/3 per cent. of the aggregate principal amount of the Notes for the time
being outstanding or at least 25 per cent. at any adjourned meeting of the aggregate
principal amount of the Notes for the time being outstanding.
A Written Resolution means a resolution in writing signed by or on behalf of the
holders of: (i) in the case of a Reserved Matter, at least 75 per cent. of the aggregate
principal amount of the Notes for the time being outstanding, or (ii) in the case of a
matter other than a Reserved Matter, at least 66 2/3 per cent. of the aggregate
principal amount of the Notes for the time being outstanding. Any Written Resolution
may be contained in one document or several documents in the same form, each
signed by or on behalf of one or more Noteholders.
Page 15
The Republic and the Agent may, without the vote or consent of any holder of the
Notes, amend the Agency Agreement or the Notes for the purpose of:
(i)
or
(ii)
(iii)
(iv)

(v)
amending the Agency Agreement or any of the Notes in any manner which
the Republic and the Agent may determine and which is not inconsistent
with the Notes and does not in the opinion of the Republic adversely affect
the interest of any holder of the Notes; or
(vi)
correcting in the opinion of the Republic a manifest error of a formal,

minor or technical nature; or
(vii)
complying with mandatory provisions of law or any other modification

provided that such modification is not in the opinion of the Republic
materially prejudicial to the interests of the Holders.
Any such modification, waiver or authorisation shall be binding on the

Noteholders and any such modification unless the Agent otherwise requires, shall
be notified by the Agent to the Noteholders as soon as practicable thereafter.
Noteholders, (ii) Condition 10 (Meetings of Noteholders and Modification) of the
Offering Circular and Schedule 3 of the Agency Agreement (Provisions for Meetings
of Noteholders) and (iii) Condition 7 (Events of Default) and for purposes of
determining whether the required percentage of holders of the Notes are present at a
meeting for quorum purposes, or has consented to or voted in favour of any request,
demand, authorisation, direction, notice, consent, waiver, amendment, modification or
supplement to the Notes or the Agency Agreement, or whether the required
percentage of holders has delivered a notice of acceleration of the Notes, any Notes
that the Republic owns or controls directly or indirectly will be disregarded and
deemed not to be outstanding. For this purpose, Notes owned, directly or indirectly,
by the Bank of Greece or any of the Republics local authorities and other local
authorities entities will not be regarded as, or deemed to be, owned or controlled,
Control means the power, directly or indirectly, through the ownership of voting
securities or other ownership interests or otherwise, to direct the management of or
elect or appoint a majority of the board of directors or other persons performing
similar functions in lieu of, or in addition to, the board of directors of a corporation,
trust, financial institution or other entity.
Page 16
Before any request is made or notice is delivered or Written Resolution is signed by

any Noteholder in accordance with the provisions of this Condition 10 or Condition 7,
the relevant Noteholder must deposit its Notes with the Paying Agent and obtain two
copies of an acknowledgment of receipt (an Acknowledgment) signed and dated by
the Paying Agent and certifying the nominal amount of Notes so deposited. Any
request so made, notice so given or Written Resolution so signed by any Noteholder
must be accompanied by an Acknowledgment issued to the Noteholder. Notes so
deposited will not be released until the earlier of (i) the thirtieth day after the date of
deposit and (ii) the request, notice or Written Resolution becoming effective in
accordance with these Terms and Conditions, and will only be released against
surrender of a relevant Acknowledgment.
11.
NOTICES
(A)
All notices to the Noteholders will be valid if published, so long as the Notes
are listed on the regulated market (as contemplated by the Prospectus Directive) of the
Luxembourg Stock Exchange and the rules of that exchange so require, in the dWort
or any other daily newspaper of general circulation in Luxembourg or published on
the website of the Luxembourg Stock Exchange (www.bourse.lu). Such notice shall
be deemed to have been given on the date of such publication or, if published more
than once, on the date of the first such publication. If publication is not practicable as
is mentioned above, notices will be valid if given in such other manner, and shall be
deemed to have been given on such dates, as the Agent shall determine.
Couponholders shall be deemed for all purposes to have notice of the contents of
any notice given to the Noteholders in accordance with this Condition 11.
(B)
Notices to the Republic to be given by any holder of the Notes shall be in
writing and given by lodging the same, together with the relative Note or Notes, with
the Agent. A copy of any notice under Condition 7 must, to be valid, also be delivered
to Ministry of Economy and Finance, General Accounting Office, Public Debt
Directorate at the following address:
Tel. +30 210 3338 360
Fax. +30 210 3234 967
12.
In acting under the Agency Agreement, the Agent and the Paying Agent will act
solely as agents of the Republic and do not assume any obligations or relationships of
contains provisions for the indemnification of the Paying Agents and for relief from
responsibility in certain circumstances, and entitles any of them to enter into business
transactions with the Republic without being liable to account to the Noteholders or
the Couponholders for any resulting profit.
Page 17
13.
FURTHER ISSUES
The Republic shall be at liberty from time to time without the consent of the
Noteholders or Couponholders to create and issue further Notes having terms and
conditions the same as the Notes or the same in all respects save for the amount
and date of the first payment of interest thereon and so that the same shall be
consolidated and form a single series with and increase the aggregate principal
amount of the outstanding Notes.
14.
(A)
The Agency Agreement, the Notes and the Coupons are governed by, and
shall be construed in accordance with, English law.
(B)
The Republic irrevocably agrees, for the exclusive benefit of the Paying
Notes and the Coupons (together referred to as Proceedings) may be brought in
such courts.
(C)
The Republic hereby irrevocably waives any objection which it may have now
courts of any other jurisdiction.
(D)
Nothing contained in this Condition shall limit any right to take Proceedings
against the Republic in any other court of competent jurisdiction, and the taking of
Proceedings in one or more jurisdictions shall not preclude the taking of Proceedings
in any other jurisdiction, whether concurrently or not. The Republic appoints the
Economic and Commercial Counsellor for the time being of the Greek Embassy, 1a
Holland Park, London W11 3TP, Fax +44 20 7727 9934 as its agent for service of
process in England, and undertakes that, in the event of such agent ceasing so to act or
no longer having an address in England, it will appoint another person as its agent for
service of process in England in respect of any Proceedings. Nothing herein shall
affect the right to serve Proceedings in any other manner permitted by law.
(E)
The Republic hereby irrevocably and unconditionally waives with respect to
the Agency Agreement, the Notes and/or the Coupons any right to claim immunity
from jurisdiction or execution and any similar defence and irrevocably and
unconditionally consents to the giving of any relief or the issue of any process,
including, without limitation, the making, enforcement or execution against any
property whatsoever (irrespective of its use or intended use) of any order or judgment
validly made or given in connection with any Proceedings. Notwithstanding the
foregoing, the property of the Republic is subject to execution and attachment to the
extent permitted by the international conventions and Greek law.
Page 18
15.
No rights are conferred on any person under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of this Note, but this does not affect any
right or remedy of any person which exists or is available apart from that Act.
A judicial fee (being at the date hereof at the rate of approximately one per cent. of
the amount claimed) will be payable to the Republic upon the commencement of
Proceedings in the courts of the Republic to obtain a judgment, or to enforce a
judgment obtained in any jurisdiction outside the Republic, for the payment of any
sum due from the Republic. This judicial fee may be recoverable from the defeated
party by the person commencing such Proceedings if such person is successful in such
Proceedings.
Page 19
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN

GLOBAL FORM
The Temporary Global Note and Permanent Global Note contain provisions which
apply to the Notes while they are in global form, some of which modify the effect
of the terms and conditions of the Notes set out in this document. The following is
a summary of certain of those provisions:
1.
(i)
(ii)
The Permanent Global Note is exchangeable in whole, but not in part, for
definitive bearer Notes only if (a) Euroclear and Clearstream, Luxembourg are
closed for business for a continuous period of 14 days (other than by reason of
legal holidays) or have announced an intention permanently to cease business
and no alternative clearance system satisfactory to the Agent is available; or
(b) the Republic or any person acting on its behalf is obliged to pay additional
amounts as provided for or referred to in Condition 6 which would not be
required were the Notes in definitive bearer form; or (c) an Event of Default
(as defined in Condition 7) has occurred and is continuing.
If principal in respect of any Notes is not paid when due and payable the holder of
the Permanent Global Note may by notice to the Agent (which may but need not
be the default notice referred to in Default below) require the exchange of a
specified principal amount of the Permanent Global Note (which may be equal to
or (provided that, if the Permanent Global Note is held by or on behalf of a
clearing system, that clearing system agrees) less than the outstanding principal
amount of Notes represented thereby) for definitive Notes on or after the exchange
date specified in such notice.
On or after any exchange into definitive Notes the holder of the Permanent Global
Note may surrender the Permanent Global Note or, in the case of a partial
exchange, present it for endorsement to or to the order of the Agent. In exchange for
the Permanent Global Note, or the part thereof to be exchanged, the Republic will
deliver, or procure the delivery of, an equal aggregate principal amount of duly
executed and authenticated definitive Notes in bearer form (having attached to them
all Coupons in respect of interest which has not already been paid on the Permanent
Global Note), security printed in accordance with any applicable legal and stock
exchange requirements and in or substantially in the form set out in Parts III and IV of
Schedule 2 to the Agency Agreement. On exchange in full of the Permanent Global
Note, the Republic will, if the holder so requests, procure that it is cancelled and
2.
PAYMENTS
No payment will be made on the Temporary Global Note unless exchange for an
interest in the Permanent Global Note is improperly withheld or refused provided
Page 20
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4
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2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247/27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
(
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
...
15888
( )
9. . 2628/6.7.1998

(...)
( 151/6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. . 2/20947/0023/18.3.2008

5
. 26.3.2008
20.8.2013.
15. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
16. . 206/2007 ( 232)
.
17. . 642/6.6.2008 ....,
:

10.6.2008,
13.6.2008
(reopening) (26.3.2008)
5 , ,
20.8.2013,
.

1) , 13.6.2008
,
, (5) ,
26.3.2008 20.8.2013.
2) 1.000
.
3)
4,00%
.
4) ,
(
1.600.000.000) .
5) .

.
1.000,
365
.
.
20.8.2009
, .
. 13.6.2008
(reopening)
,
26.3.2008 (
) 13.6.2008 (
) , (2)
.
.

(1.000),
4,00%
79/366 (
26.3.2008 13.6.2008).
26.3.2008
13.6.2008 1.000 8,63.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.

1)

, 10
2008,
(....).
2)
,
5
.
(5.000.000)

.

(1.000.000).
3)

.

(clean price).
4)

( )

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
10 2008 12.00
.
6)

10 2008
12:45 ,
(....).
7)
,
( 12:00
12 2008),
,

20%
.

,

.

.

12:45 12
2008, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
.
11)
(Stripping).
15889
(ISIN)
26.3.2008.
12)
.
13)
,

,
.
14)
,
(....)
(O.T.C.).
15) ,
. . 2/20947/
0023/18.3.2008
.
16)
.

13 2008, (5) ,
23 2008,
, , ,

,

(13.6.2008),
,
,
, .

..,
(...)
...
(...).

, , ISIN
(GR0A14021809),
,

.
,

.

...
.
,

ISIN (, GR0114021463)
ISIN GR0A14021809 ( ,),
,
... ...
ISIN B
,

, .

,
, ISIN
15890
( )

.

,
. ,

,
.

.

2008
,

.

.
, 10 2008

F
. 2/44013/0023
(2)
5
, (reopening)
13.6.2008 26.3.2008
20.8.2013.

:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 .2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 . 2362/
1995 ,
... ( 247/27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
(
207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628//6.7.1998

(...)
( 151 /6.7.1998).
10. .2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. . 2/20947/0023/18.3.2008

. 26.3.2008 20.8.2013.
15. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
16. .. 206/2007 ( 232)
.
17. . 642/6.6.2008 ...,
:
13.6.2008
, , ,
, 20.8.2013, (reopening)
(26.3.2008).

1) ,
, ,
, (5) ,
26.3.2008 20.8.2013.
2) ,
,
,
(...), .
3) 1.000 ,
94,904%
,
10 2008,
.
4)
.
5)
4,00% ,
.
6) .

.
1.000,
( )
365
.
.
20.8.2009
, .
. 13.6.2008 (re
opening)
,
26.3.2008 (
) 13.6.2008 ( ) ,
(2) .
.

(1.000),
4,00%
79/366 (
26.3.2008 13.6.2008).
26.3.2008
13.6.2008 1.000 8,63.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN (GR0A14021809),
,

.

1)
..,
, ,
,
,
.

9 2008
11 2008.
2)
: ... ,
... ,

(...),
...,
,
.
3) 1.000
,
1.000
15.000 .
15891
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN B
(GROA14021809)
,
,
.
6)
,
, ISIN A
(GR0114021463)
.

,
.

,
.
7) (Settlement)
13 2008.
8)

, 0,15%
...
0,04%.

2008
,

.

.
, 10 2008

F
. 2/36420/0022
(3)

/
/ .

.

:
1) 16 . 3205/2003 (
297//2003).
25753
. 1822
10 2008

10 29.8.2008
, (reopening)
13.5.2008 20.7.2018. ............
1
10
,
13.5.2008 20.7.2018. ............................................... 2
..
........................................................................ 3
2008
2009 . . ................ 4
. 2/62737/0023
(1)

10 29.8.2008
, (reopening)
13.5.2008 20.7.2018.

1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. 29 . 1558/1985 ( 137)
54
.. 63/2005 ( 98)
.
15. .. 206/2007 ( 232)
.
16. . 2/34481/0023/9.5.2008

13.5.2008 ,
, ,
20.7.2018.
17. . 850/22/08/2008 ...
(
),
:
25754
( )

26.8.2008,
29.8.2008
(reopening) (13.5.2008)
10 , ,
20.7.2018,
.

1) , 29.8.2008
,
, (10) ,
13.5.2008 20.7.2018.
2) 1.000
.
3)
4,60%
.
4) ,

( 1.600.000.000).
5) .

.
1.000,
365
.
.
20.7.2009
, .
. 29.8.2008 (re
opening)
,
13.5.2008 ()
29.8.2008 ( ) ,
(2) .
.

(1.000),
4,60%
68/366 (
13.5.2008 20.7.2008) 4,60%
40/365 (
20.7.2008 29.8.2008).
13.5.2008
29.8.2008 1.000 13,59.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

.
.
8)

.
1)

, 26
2008,
(....).
2)
,
5
.

( 5.000.000)
.

( 1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
26 2008 12.00
.
6)

26
2008 12:45
,
(... .).
7)
,
( 12:00
28 2008),
,

20%
.

,
( )

.

.

12:45 28
2008, ().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
.
11)
(Stripping).
(ISIN)
13.5.2008.
12)
.
13)
,

,
.
14)
,
(....)
(O.T.C.).
15) ,
. 2/34481/0023
/9.5.2008
.
16)
.

29 2008, (5)
, 5
2008, , ,
,
,

(29.8.2008), ,
,
,
.

..,
(...)
25755
...
(...).

, , ISIN
(GR0A24030014),
,

.
,

.

...
.
,

ISIN (, GR0124030645)
ISIN GR0A24030014 ( ,),
,
... ...
ISIN B
,

, .

, ,
ISIN
.

,
. ,

,
.

.

2008
,

.

.
, 26 2008

F
. 2/62740/0023
(2)
10
, (re
opening) 29.8.2008 13.5.2008
20.7.2018.

:
1. 31 32 . 1914/1990
25756
( )

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
. ( 207/
/27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(....)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. 29 . 1558/1985 ( 137)
54
.. 63/2005 ( 98)
.
15. .. 206/2007 ( 232)
.
16. . 2/34481/0023/9.5.2008

13.5.2008 ,
, ,
20.7.2018.
17. . 850/22/08/2008 ... .
(
),
:
29.8.2008
, , , 10
, 20.7.2018, (reopening)
(13.5.2008).

1) ,
, ,
, (10) ,
13.5.2008 20.7.2018.
2) ,
,
,
(...),
.
3) 1.000 ,
98,490%
,
26 2008,
.
4)
.
5)
4,60% ,
.
6) .

.
1.000,
365
.
.
20.7.2009
, .
. 29.8.2008
(reopening)
,
13.5.2008 (
) 29.8.2008 (
) , (2)
.
.

(1.000),
4,60%
68/366 (
13.5.2008 20.7.2008) 4,60%
40/365 (
20.7.2008 29.8.2008).
13.5.2008
29.8.2008 1.000 13,59.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
( )
9)

.
10)
ISIN B (GR0A24030014),
,

.

1)
..,
, ,
,
,
.

25 2008
27 2008.
2)
:
... ,
... ,

(...),
...,
,
.
3) 1.000
,
1.000
15.000 .
, ...
..., 1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN B
(GR0A24030014)
,
,
.
6)
,
, ISIN
(GR0124030645)
.

,
.

,
.
7) (Settlement)
29 2008.
8)

25757
, 0,15%
...
0,04%.

2008
,

.

.
, 26 2008

F
. 61185/14827
(3)

.. .

:
1. 6 . 2527/1997
. 53855/1997, 1746/1999 6528/30.1.2006
.
2. . /..1/297/23617/29.7.2008
2 . 1
. 33/27.12.2006 ( 280//2006)

(4) , .. ,
(2) ,
(1) (1)
, (1) ,

( )
.
3. . 49058/13.8.2008 ..,

(4) ,
(2) ,
(1) (1)
, ,
(1) .
4. . 348/3.1.2008 ..,
2008,
.
5. . 4522/30.7.2007 /
..
,
.
6. 30.7.2007
.. ,

, :

.. , (2)
, (1)
(1) ,
31119
. 2165
20 2008

13, 26 52
3.10.2008 ..............................
5
,
26.3.2008 20.8.2013 ...............................................

26.9.2008 ,
, (reopening)
26.3.2008 20.8.2013 .........
....
(1)
.....................
(4)
..
.......................
3
4
5
. 2/69337/0023
(1)

13, 26 52 3.10.2008

:
1. 31 32 . 1914/1990

,
( 178/./17.12.1990).
2. 1 . 2187/1994

( 16/./8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/./22.3.1994).
4. 11 . 2459/1997

( 17/./18.2.1997),
9 . 2579/1998),
37 . 3130/2003 ( 76/./2003).
5. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
. ( 207/
./27.9.2000).
6. 64, 90 91
. 2362/1995 ( 247/./27.11.1995)
.
7. . 2628/6.7.1998

(....)
( 151/./6.7.1999).
8. . 2021180/2981/0023/31.3.1997

, ...
( 286/./10.4.1997).
9. .. 3745/1957
,
4 . 1266/1982.
10. . 2/89260/29.12.2000

.
11. . 2/85247/0023/27.12.2007

.
12. . 2/85248/0023/27.12.2007

2008.
13. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98/.)

.
14. .. 206/2007 ( 232)
.
15. . 948/26.9.2008 ...
., :
31120
( )
,
, 13, 26, 52
, 3.10.2008
2.1.2009
13 , 3.4.2009
26 2.10.2009
52 .

, . ,
,
360
(ACT/360).
:
4,46% 13
,
5,09% 26

5,09% 52
,
,

30.9.2008 .

10%
.
(
) ,
..,
(ISIN B).

, , ,

,
.

29.9.2008
1.10.2008.
,
:
... ,
... ,
...,
...,
,
.
1.000
,
1.000

15.000 .
... ... 1.000 .
, ,
,

, .
,

.
...
.

, ,
ISIN
B
.

.

ISIN B

,

ISIN B ISIN .
.

, 0,15%.
...
0,04%.
. 2/89260/0023/29.12.2000

.

2008,
2009,
.

.
, 30 2008

F
. 2/67719/0023
(2)
5
, (reopening)
26.9.2008 26.3.2008
20.8.2013.

:
1. 31 32 . 1914/1990

,
( 178/./17.12.1990).
2. 1 . 2187/1994
( 16/./8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/./22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247/./27.11.1995).
5. 11 . 2459/1997

( 17/./18.2.1997),
9 . 2579/1998.
( )
6. 31 . 2682/1999 (
16/./1999).
7. . 2842/27.9.2000

() 1103/97, 974/98 2866/98 ,
. ( 207/
./27.9.2000).
8. 37 . 3130/28.3.2003
( 76/.)
...
9. . 2628/6.7.1998

(...)
( 151/./6.7.1998).
10. .2021180/2981/0023/31.3.1997

, ...
( 286/./10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. . 2/20947/0023/18.3.2008

. 26.3.2008
20.8.2013.
15. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98/.)

.
16. .. 206/2007 ( 232)
.
17. . 921/19.9.2008 ....,
:
26.9.2008
, , ,
, 20.8.2013, (reopening)
(26.3.2008).

1) ,
, ,
, (5) ,
26.3.2008 20.8.2013.
2) ,
,
,
(...),
.
3) 1.000 ,
96,501%
,
23.9.2008,
.
31121
4)
.
5)
4,00% ,
.
6) .

.
1.000,
365
.
.
20.8.2009
, .
. 26.9.2008
(reopening)
,
26.3.2008 (
) 26.9.2008 (
) , (2)
.
.

(1.000),
4,00%
147/366 (
26.3.2008 20.8.2008)
37/365 ( 20.8.2008
26.9.2008).
26.3.2008 26.9.2008
1.000 20,12.
7)
.

,
,
. ,

T.A.R.G.E.T.
8)
.
.
9)

.
10)
ISIN (GR0A14021809),
,

.

1)
..,
, ,
,
,
.

22.9.2008
24.9.2008.
31122
( )
2)
:
... ,
... ,

(...),
...,
,
.
3) 1.000
,
1.000
15.000 .
, ... ...,
1.000 .
,
,

.
4)
, ,
.

... .
5) ISIN
(GR0A14021809)
,
,
.
6)
,
, ISIN
A (GR0114021463)
.

,
.

,
.
7) (Settlement)
26.9.2008.
8)

, 0,15%
...
0,04%.
.

2008
,

.

.
, 23 2008

. 2/67714/0023
(3)

26.9.2008 ,
, (reopening)
26.3.2008 20.8.2013.

:
1. 31 32 . 1914/1990

,
( 178/./17.12.1990).
2. 1 .2187/94
( 16/./8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/./22.3.1994).
4. 64, 90 91
. 2362/1995 ,
... ( 247/./27.11.1995).
5. 11 . 2459/1997

( 17/./18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/./1999).
7. . 2842/27.9.2000
() 1103/97,
974/98 2866/98 ,
. ( 207/./27.9.2000).
8. 37 . 3130/28.3.2003
( 76/.)
...
9. . 2628/6.7.1998

(...)
( 151/./6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286/./10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. . 2/20947/0023/18.3.2008

. 26.3.2008 20.8.2013.
15. 29 . 1558/85 (
137)
54 .. 63/2005 ( 98/.)

.
( )
16. .. 206/2007 ( 232)
.
17. . 921/19.9.2008 ....,
:

23.9.2008,
26.9.2008
(reopening) (26.3.2008)
, ,
20.8.2013,
.

1) , 26.9.2008
,
, (5) ,
26.3.2008 20.8.2013.
2) 1.000
.
3)
4,00%
.
4) ,
(
1.400.000.000).
5) .

.
1.000,
365
.
.
20.8.2009
, .
. 26.9.2008 (re
opening)
,
26.3.2008 (
) 26.9.2008 ( ) ,
(2) .
.

(1.000),
4,00%
147/366 (
26.3.2008 20.8.2008)
37/365 ( 20.8.2008
26.9.2008).
26.3.2008 26.9.2008
1.000 20,12.
6)
.

,
,
. ,

T.A.R.G.E.T.
7)

(10%).
.

31123
.
.
8)

.
.
1)

, 23.9.2008,

(....).
2)
,
5
.
( 5.000.000)

.

(1.000.000).
3)

.

(clean price).
4)

( 1.000).
5)
(
).

, 20%
.

.

.

.
,
23.9.2008 12:00 .
6)

23.9.2008
12:45 ,
(....).
7)
,
( 12:00
25.9.2008),
,

20%
.

,

31124
( )

.

.

12:45 25.9.2008,
().
8) ,
,

,
.
.
9) ,
80%

20%,
80%
.
10)
.
11)
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:
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........................................................................................................... 11

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9
10

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. 2/67303/0022
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:
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.
3) 90 .. 63/2005 (
98//22.4.2005).
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5) . 529/08/19.9.2008, 530/08/19.9.2008
531/08/19.9.2008

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13.719.735,88 (4.675.000.000 ).

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(4)

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.. ...
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(10.000.000.000 ).

:
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57/)

.
3. . 42362/252/28.9.2007 ( 1948/
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&
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4. . 2/79404/0025/8.12.1999 ( 2173/
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(10.000.000.000) .
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.

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, 3 2008

:
1. 3 . 2458/1997 (
15//1997)
,
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,
.
3. 1 .2187/1994 ( 16)

..
4. 5 12
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,

( ).
5. 11 . 2459/1997
... ( 17//1997),
9
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6. . .34/244/8.2.1999 ( 120/18.2.1999)

2 3
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.
7. . 2021180/2981/0023/97

... .
8. . 8405/147/8.4.2008

2006.
9. . 1176/8/20.3.2008 ,

,
2007.
10. . 2/4627/0023/25.1.2001
,
,
.
11. . 42362 /252/28.9.2007 ( 1948/
/07)

.
12. To . 208 29.10.2008

.
13. . 2/1311/13.1.2003
10
, ,
17.1.2003 20.5.2013,
:
33720
( )
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, (reopening)
,
3.11.2008 , ISIN GR0124021552,
17.1.2003
20.5.2013,
,
(553.497.000,00 ).
3.11.2008
ISIN
GR
101,018
553.497.000,00
559.131.599,46
0124021552
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11.651.111,85
570.782.711,31

,
,
( 570.781.695,63)

,
,
( 570.782.711,31), ..

3.11.2008
( 1.015,68).

2007,
3 . 2458/1997.
1.000,
101,018 %
,
. 208 29.10.2008
.

4,60% .

.
1.000,
365 366
.

20.5.2009
, .
3.11.2008
(reopening)
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20.5.2008 (
) 3.11.2008 (
) 2
.

( 1.000),
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3.11.2008) 2,104658%.

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(10%).
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. 2/4627/0023/25.1.2001
.

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2013,

.

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, 31 2008

F
(6)

& ..

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. /6854/09/4/50//30.10.2008

, . 3299/2004,
. /6677/09/4/50/
/28.12.2005

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& ..,
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. ,.

260.000,00 .

130.000,00 , 50%
,
260.000,00 .
33845
. 2352
20 2008
. 2/74957/0023
(1)
10
, (reopening)
24.10.2008 13.5.2008
20.7.2018.
10
,
13.5.2008 20.7.2018. .............................................

10 24.10.2008
, (reopening)
13.5.2008 20.7.2018. ............

,
. 3299/2004........................................
. 5276/31.7.2008

(.......)

..................................................................

.

(....)
(....). ....................................................

. 127591/5

. ............................................................................................................ 6
. 38975/1387/08

.... 7
:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
,

(
) ( 43/22.3.1994).
4. 64, 90 91 . 2362/1995
,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
33846
( )
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
15. .. 206/2007 ( 232)
.
16. . 2/34481/0023/9.5.2008

13.5.2008 ,
, ,
20.7.2018.
17. . 994/17.10.2008 ...
(
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:
24.10.2008
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, 20.7.2018, (reopening)
13.5.2008.

1) ,
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20.7.2009
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(reopening)
,
13.5.2008 (
) 24.10.2008 (
) , (2)
.
.

( 1.000),
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68/366 (
13.5.2008 20.7.2008) 4,60%
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20.7.2008 24.10.2008).
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2008
,

.

.
, 21 2008

33847
. 2/74955/0023
(2)

10 24.10.2008
, (reopening)
13.5.2008 20.7.2018.

KAI
:
1. 31 32 . 1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247 /27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16 /1999).
7. . 2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
9. . 2628//6.7.1998

(...)
( 151 /6.7.1998).
10. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/4627/0023/25.1.2001

,
, .
12. . 2/85247/0023/27.12.2007

.
13. . 2/85248/0023/27.12.2007

2008.
14. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
33848
( )
15. .. 206/2007 ( 232)

.
16. . 2/34481/0023/9.5.2008

13.5.2008 ,
, ,
20.7.2018.
17. . 994/17.10.2008 ...
(
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21.10.2008,
24.10.2008
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(13.5.2008) 10 ,
, 20.7.2018,
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1) , 24.10.2008
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13.5.2008 20.7.2018.
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(
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20.7.2009
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13.5.2008 (
) 24.10.2008 (
) , (2)
.
.

(1.000),
4,60%
68/366 (
13.5.2008 20.7.2008) 4,60%
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21 2008 12.00
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2008 12:45
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( 12:00
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13.5.2008.
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20.10.2008
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155.876,46 .

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16.8.2007.

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. 8005
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,
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2. 252 270 .
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3. 90

.. 63/2005 ( 98).
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, .
5. . 43254/31.7.2007

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( 943/./9.7.2003)

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.
9. . 106/2008
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10. . 5276/31.7.2008

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11. . 52864/18.9.2008
,
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37391
. 2635
29 2008

(....)
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108 . 3669/2008 ( 116/)......................................
8 . 2
. 2430/1996 ( 156/) 18 .
25 . 2503/1997 ( 107/),
. .....................................................
22 . 2
. 3212/2003 ( 308/),
. ................................................................................
. 2229/1994 (
138/) . 2300/1995 ( 69/). .................................
2008. .............................................................
,

,
, ....................................................
1
2
4
5
6
. 2/86519/0022
(1)

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.

:
1. 2 . 3697/2008
,
,
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2. 2 . 4328/1929

,

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3. 8 .. 1032/1946

,
. 8831/31.12.1946 ...
...

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.
4. . 2035036/4426/0024/
14.6.1994 ,

(....)
. 2/40810/0024/30.5.2000
,

.
5. 84 . 1041/1980
(...75//2.4.1980)
...,
....
.......
.......
6. . 7, 8 9 12
. 3205/2003 (... 297//2003)
,
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7. . 6 10 .
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50%
.
8. . 2041609/1011/0022/5.6.1997
( 486//11.6.1997) ...,

.
37396
( )
() ,

.
3.
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31.12.1997 .), 2/42322/0022/6.7.1999 ( 1432/ 12.7.1999
.), 2/11860/0022/10.3.2000 ( 347/17.3.2000 .),

2/6695/0022/15.2.2002 ( 207/21.2.2002
.) 2/27265/ 0022/25.6.2003, 2/30372/0022/18.7.2005
( 1006/18.7.2005 .), 2/46315/0022/12.9.2006 (
1444/2.10.2006 .), 2/27459/0022/15.6.2007 (
970/15.6.2007 .) 2/537140022/3.9.2008 (
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.... .
4.
.
, 18 2008

F
. 2/93892/0023
2008.
(6)

:
1. 31 32 . 1914/1990
( 178/1990)
,
.
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/1994
( 43/22.3.1994)
,

( ).
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( 17/18.2.1997), 9
. 2579/1998 ( 31/17.2.1998),
37 . 3130/2003 ( 76//2003).
5. 90 91 . 2362/1995
( 247 /27.11.1995) ,
.
6. . 2021180/2981/0023/97

.. .
7. . 2/4627/0023/25.1.2001
,
,
.
8. 4 . 3029/2002 (
160 /11.7.2002)
.
9.

. . .2/5/.29947/5281/24.11.2008.
10. . 42362/252/28.9.2007 ( 1948/
/2007)
,
:

(1.172.000.000,00
) ....,
,

, 1% ...,
. 4 . 3029/2002
, 20032007,
.
,
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, ....,

(1.172.000.000,00 ), , 4,40%
, 19.12.2008
19.12.2011.
.
2/ 4627/0023/25.1.2001, .

, .

2008 2011,

,
.

.
, 17 2008

F
. 27195
(7)
,

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.

:
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) .. 63/2005 ( 98//2005)

.
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.
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, ,
, ,
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85//2004) .
) . 3190/2003 ( 249/)
. 2323/1995
.

. 2
5 2009

A E
.. ............................................................................
2009 .........

, 4.4.2017,
............
,
30.12.2008 ...................

. 611.999 . 257/1976
1%
134/1/7.5.1976 ................................................

ALMA MARITIME LIMITED
......................................

(...)
...........
2009
.. .................................
1
2
3
4
7
8
. 267/ 2000
(1)

A E
...

:
1. :
7, 10, 11, 13 . 3429/2005
(....) ( 314),
,
16, 53, 59 90 .. 63/2005

( 98).
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..

...
3. . 2/82553/27.11.2008 20
/
.
4.

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.

..
.

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, 5 2009

10
( )
. 2/96722/0023
(2)
2009.

:
1. 26, . 4 . 2515/1997/
154//25.7.1997
, 31 .
2733/1999/ 155//30.7.1999.
2. . 2628/ 151//6.7.1998

() .
3. . 161/21.3.2000

()
,
. 74/13.2.2001
60/20.1.2004,
4. . 2/80010/0023/21.11.2000

,
. 2/75304/0023/20.12.2001,
2/75515/0023/ 20.12.2002, 2/73093/0023 /31.12.2003, 2/7
2511/0023/29.12.2004, 2/70563/0023/27.12.2005, 2/75193/
0023/28.12.2006 2/85247/0023/27.12.2007 .
5. . 2023976/2848/0023/1998

,
. 2/70200/0023/6.10.1999,
2/63981/0023/14.4.2000, 2/65793/0023 /12.11.2002, 2/76255/0023
/31.12.2002, 2/9450/0023/18.2.2005, 2/30283/0023/7.6.2005
2/12023/0023/21.2.2007 .
6. .. 206/2007 ( 232)
.
7. . 42362/252/28.9.2007 ( 1948/
2007)

.
8. 22.12.2008

,
.
9.

, :

( )

1.1.2009

:
1. ALPHA BANK
2. BANCA IMI S.P.A
3. BARCLAYS BANK PLC.
4. BAYERISCHE HYPOUND VEREINSBANK
5. BNP PARIBAS S.A.
6. CITIGROUP GLOBAL MARKETS LTD

7. CREDIT SUISSE SECURITIES (EUROPE) LTD
8. DEUTSCHE BANK AG
9.
10. EFG EUROBANK ERGASIAS
11.
12. GOLDMAN SACHS INTERNATIONAL
13. HSBC BANK PLC
14. INGBANKNV
15. JP MORGAN SECURITIES LTD
16. MERRILL LYNCH INTERNATIONAL
17. MORGAN STANLEY & Co. INTERNATIONAL LTD
18. NOMURA INTERNATIONAL PLC
19. ROYAL BANK OF SCOTLAND PLC
20. SOCIETE GENERALE
21.

.
, 30 2008

F
. 2/96254/0023
(3)

, 4.4.2017,
.

:
1. 31 32 .1914/1990

,
( 178/17.12.1990).
2. 1 . 2187/1994
( 16/8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
4. 64, 90 91 .
2362/1995 ,
... ( 247/27.11.1995).
5. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/1998.
6. 31 . 2682/1999 (
16/1999).
7. .2842/27.9.2000

() 1103/1997, 974/1998 2866/1998 ,
.
( 207//27.9.2000).
8. 37 . 3130/28.3.2003
( 76/)
....
11
( )
9. . 2628/6.7.1998

(...)
( 151 /6.7.1998).
10. .2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
11. . 2/20187/0023/20.4.2004

,
, .
12. 29 . 1558/1985 (
137)
54 .. 63/2005 ( 98)

.
13. .. 206/2007 ( 232)
.
14. . 2/16653/0023/31.3.2005

4.4.2005 ,
, ,
, 4.4.2017.
15. . 1257/29.12.2008 ....

.
16. . 155/19.12.2008,

, :
,
, (reopening)
4.4.2005 ,
, 4.4.2017,
30.12.2008,

(985.000.000,00 ).
:
30/12/2008
ISIN
GR0528002315
04/04/05
4.4.17
5,511%
985.000.000,00
92,75
12.814.850,00
926.402.350,00
30.12.2008

(926.402.350,00 ), 913.587.500,00
12.814.850,00.
. 2/16653/0023// 31.3.2005
.
, 30 2008

F
. 2/96255/0023
(4)
,
30.12.2008.

:
1. 1 .2187/1994
( 16/8.2.1994).
2. 5 12
.2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998).
5. 15 . 2628/1998 ( 151/
/1998) 31 . 2682/1999
( 16/1999).
6. 64, 90 91 .
2362/1995
( 247//
27.11.1995).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. .2/4627/0023/25.1.2001
,
,
.
9. . 2628/6.7.1998

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20072013

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20072013.
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13
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:
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:
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( 16/8.2.1994).
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,

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252 )

22 . 3775/2009 (
122/21.7.2009).
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,
( 178/17.12.1990).
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( 17 A/18.2.1997),
9 . 2579/1998).
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151//1998) 31 . 2682
/1999 ( 16/1999)).
7. 64, 90 91
. 2362/1995
( 247/
/27.11.1995).
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, ..
( 286//10.4.1997).
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,
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.
10. . 2628/6.7.1998

(....)
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( 2/8.1.2009).
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2 3
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.
7. . 2021180/2981/0023/1997

.. .
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2008.
9. . 1220/5/4.2.2009 ,

,
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,
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11. . 1666/ 89 ( 40/16.1.2009)

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14.9.2009
.
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(reopening)
,
17.9.2009 , ISIN GR0124026601,
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20.7.2015

(523.536.000,00).
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523.536.000,00
100,820%
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( 530.959.447,70)
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( 530.959.740,48), ..

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( 292,78).

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365 366
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15 10.11.2009
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15 10.11.2009
20.3.2026...............................
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3
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7
9
10
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:
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,

( ) ( 43/22.3.1994).
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,
( 178/17.12.1990).
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( 17 /18.2.1997),
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( 16/1999)).
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( 247//27111995).
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, ..
( 286//10.4.1997).
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,

, .
9. . 2628/6.7.98

(....)
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11. .. 185/2009
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( 214/7102009).
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5 4.1.2010, 4.2.2015,
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:
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( 178 /17.12.1990).
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(
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. 2579/98).
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( 16 /99), 37
. 3130/2003 ( 76//2003).
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( 247//27111995).
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,
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,
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9. . 2628/6.7.98

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( 213 /7102009).
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( 2408//3122009).
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( 2.020.000.000,00)
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166.000.000,00
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250.000.000,00
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700.000.000,00
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(... 181//30.1.2004)

...T.. ..........................................................................

5 2/2/2010
20/08/2015. ..............................
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4
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(7.000)
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.
, 27 2010

F
. 2/6276/0023
(3)

5 2/2/2010
20/08/2015.

:
1. 1 . 2187/94
(... 16/8.2.1994).
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( ) (... 43/22.3.1994).
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,
(... 178/17.12.1990).
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(... 17 /18.2.1997),
9 . 2579/98 (... 31 17.2.98).
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151//1998) 31 . 2682/99
(... 16/1999).
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(... 247 // 27111995).
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, ...
(... 286//10.4.1997).
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,
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.
9. . 2628/6.7.98

(....)
(... 151 /6.7.1998).
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(... 213/7102009).
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(... 2408//3122009).
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.
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(4)
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. 3299/04,
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....
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:
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(2)
3. 31 32 . 1914/90

,
, 30042010.
( 178/17.12.1990).
4. 11 . 2459/1997

:
( 17 A /18.2.1997),
1. 1 .2187/94 9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
( 16/8.2.1994).
2. 5 12 . 2198/ 151//1998) 31 . 2682/99
1994 ( 16/1999).
6. 64, 90 91 . 2362/95
,

( 247//27111995).

7. . 2021180/2981/0023/31.3.1997
( ) ( 43/22.3.1994).

Stand-By
,

. 1952,
Stand-By (SBA)
,
. ,

. SBA 2009

.
, .

.

SBA

.
.
SBA
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,
.
. SBA , 12-24
, 36 ,
.
. SBA
,
.
, SBA

. :
.
200
, 600
( ).
.
,
.
20431 202-623-7300 202-623-6278

URL : http://www.imf.org/external/np/exr/facts/sba.htm
2
,

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. SBA

.
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.

.
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(HAPA),
.
,
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,

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).
,

. :
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3

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3
.
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,
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200 ,
300 .
300 ,
300 ,
.
.
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(15 200
, 30 200
1.000 60
1.000 ).

. ,
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, SBA
.
.
50 .
2009
. 10/187

9 2010

30
()
26,4
(30 )

.
4,8 ( 5,5
)
, 20
. 2010
10 ,
30 ..
,
110
( 145 ) ,
3.200
,
.

.
.
,

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2

.

.

.

,
,
.
, ,
, :

.

.

.

. : (i)
, (ii) ,
(iii) .

,
.
,

,
.
,

3 2014,
.
11
.
.

.
.
,

,
.
,
.

.

,
. ,

.

2008,
VIII, 5 .
,
(Eurostat).

. ,
.

.

,

.
2008 2009

.
100 115
2009. , 2009,
11
.
21643
. 1407
6 2010
. 2/53775/0023/
(1)

18/05/2010,
.

18/05/2010,
. .......................................................................

2010. ...................................................... 2
| 2010
( 211 212
20072013) 2009. ............................................................ 3
(1)

. ................................................................................................. 4

,

. ..................... 5

. ,

. .......... 6

& ..,

. ........................................................ 7

& ..,

. ................................................................................................ 8

. .............................................................................................................. 9

:
1. 31 32 . 1914/90

,
(... 178/17.12.1990).
2. 1 . 2187/94
(... 16/8.2.1994).
3. 64, 90 91 . 2362/95

(... 247//27111995).
4. . 2021180/2981/0023/31.3.1997

, ..
(... 286//10.4.1997).
5. . 3845/652010

(... 65//652010),
.
6. 852010
(
) KfW
.
7. 1152010 Euro Area Stability Support Request
for Funds for the first Loan.
8. 1352010 Euro Area Stability Support
Acceptance Notice for the first Loan.
9. .. 185/2009
(... 213/7102009).
10. . 2672/3122009

(... 2408//3122009), :
21644
( )
1852010

. , 1532015.
:

1. (100%).
2.
(1852010)

3 (3month Euribor),
, 11.00 ..
,

3,0% (3)
1562013 4,0%
.
3. 18
2010 15 2010 (short coupon).
4.

2 3.
5.
360
(Act/360) .

(preceding
day convention).
6.
,
( 14.500.000.000,00).
7.
:
14062013
1.812.500.000,00
13092013
1.812.500.000,00
13122013
1.812.500.000,00
14032014
1.812.500.000,00
13062014
1.812.500.000,00
15092014
1.812.500.000,00
15122014
1.812.500.000,00
13032015
1.812.500.000,00
14.500.000.000,00
8.
0,50%
.
9.
.
10.
852010

( ) KfW

1152010 Euro Area Stability Support Request for
Funds for the first Loan.

2010,
.

.

.
, 5 2010

F
. 13/6.76/16262
(2)

2010.
,

:
1. 16 . 3205/2003

, .... ..,

,
(... 297//23.12.03)
18 . 3254/04
2004
.. (... 137//22.7.04) 6 . 3833/10
.
(...
40//15.3.2010).
2. .. 381/89 (... 168/89)
,
.. 191/96 (... 154/96) .. 134 (... 93/
/05)

.. 54/06 (...
58//06) ,

(.....) .
3. .. 189/5.11.2009
(...
221//2009).
4. . 6939/26.11.2009

(... 505//09).
5. . 15//19/.3946/2.3.2010 (... 260/
/15.3.2010)

.
6.

:

,
..

.
10/335

10 2010

, ...

2,57
()

() 26,4
( 30
). 2,16
( 2,57
), 6,97
( 8,28 ).
9 2010, ( 10/187)

110 ,
.
3.200 ,
.
, ,
, :
,
.
,
.
-
,
,
.
, , .

,
.

.
.
,
.
,
,
, .
,
.

. ,
,
.
, .
10/502

17 2010

...

,
2,5
()

() .
2,16
( 2,5
),
9,13 ( 10,58
).
, 9 2010 ( 10/187),
,
110 , .
,
3.200 ,
.
, ,
, :
,

.
.

,
,
,
.
.
, -
.

2011,
.

.

,
,
, .
,
.
,

.
,
,
.
.

,
,

. .
37615
. 2179
31 2010
(reopening)

, 30122010. ..

.

( )........

. . 668/
.10357/01071997/.1892/90
. 7367/
.10357/02102000/.1892/90

...........................................................................

. &
,

, .. , ,
,
.3299/04 ....................................................................................

...............................................................................................................

.................................................................................

. ............................................................................................
. 3626/06102005

(.....)
,
, Disneyland,

22, ..........................

. .................................................................................. 9
............................................................................ 10
1/459/27.12.2007 (
/2455/31.12.2007)

....................................... 11
. 2/90830/0023
(1)
(reopening)

, 30122010.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010)
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 .2187/1994

( 16 /8.2.1994).
4. 5 12
.2198/1994
,

( ) ( 43 A /22.3.1994).
5. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
37616
( )
6. 11 .2459/1997

( 17 /18.2.1997), 9
.2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 (370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 (1673/
/2010) ()
, ,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 28122010
,
,
.. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 30122010,
(3)
, , ,
22122010,

.
2.

, ,
(439.507.085,81),
28122010
,
, ..
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

(97.732.133,11), 22/12/2010
22/12/2011 ISIN: GR0326041242.
) 2008,
,
,
,
(175.347.298,61),
22/12/2010 22/12/2012
ISIN: GR0326042257.
) 2009,
,
,
,
(166.427.654,09),
22/12/2010 22/12/2013 ISIN:
GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

(EuroMTS, Broker Tec, ).
( )
8.
0,0375%
,

.
9. .
2/88952/0023/22122010

,
, .
2/4627/0023/25.01.2001 ,
,
.

2010, 2011, 2012 2013

.

.
, 29 2010

. . 108536/190040
(2)

.

( ).

:
1. . 2503/1997 ( 107 ) ,
, ,
.
2. 237 241 . 4
. 3463/2006 ( 114 )
.
3. 29 . 1558/1985 (
137 ) ,
27 . 2081/1992 ( 154
),
.
4. . 10561/08072005 ( 1026 )

.
(
).
5. . 3104/01102010 .

. 52/2010
,
,

6. . 83202/15093/13102010
. ,

....,
37617

.
7.

,

,
,
241 . 4 . 3463/2006, .
8. . 3085/31052007 ( 965 )
...
. 30342/2589/942009 ( 812 ) ,

/
, :

.

( )
.

.
.

.
.

.
, 30 2010

.
(3)

. . 668/.10357/01
071997/.1892/90
. 7367/.10357/02102000/
.1892/90

.
. . 108836/9628/.10357/31.12.2010/
.1892/90
,
. . 7403/6/1/74/
04102000/.2601/98

. 1890/90, ,
. 7367/.10357/02
102000/.1892/90 ,
,

, . , ,
, ,
, 255.000.000 748.349,23.

42.133,09, 12.390,59,
54.523,68, 18,
. 1 . 1892/90, 6
38159
. 2231
31 2010
,
, 5%,

, ,
....................................................
1

.
0407039999/1192006
200 .

. .................................... 2

..
.., . 3299/2004. ........................ 3
. . 11337/3/2365/27
0509 ( 1146//09)

. ..................................................... 4
. 2/91302/0023
(1)
,
, 5%,
,
,
.

:
1. 31 32 . 1914/1990

,
( 178//17.12.1990).
2. 1 . 2187/1994

( 16//8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43/A/22.3.1994).
4. 90 91 . 2362/1995
,
... ( 247//27.11.1995)
64 ,
38 . 3871/2010 ( 141/
/17.8.2010).
5. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/1998 ( 31//17.2.1998),
37 . 3130/2003 (
76//2003).
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 2628/1998

(....)
( 151//6.7.1999).
8. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207/
/27.9.2000).
9. . 2/4627/0023/25012001 ( 370//2001)
,

, .
10. . 78820/1122010

20082009.
11. . .800/95/134738/.2355/8122010
,
.
12. . 161172288/2122010 16
/
.
38160
( )
13. . 1754/23122010

,
,

.
14. .. 185/2009
( 213//7.10.2009).
15. . 2672/3122009

( 2408//3.12.2009).
16.
,

,
:
1.

, ,

( 714.741.533,04), . 1754/23122010

()
,
.
2.

( ), (
)
( ).
3. ,
5% ,

:
)

20082009,
,
,
( 231.377.546,18).
)

(), () ()
,
,
,
( 167.968.326,30).
)

31122009,

,
,
( 315.395.660,56).
4. ,
(ISIN).
5. 30/12/2010
30/12/2011.
6.
100% .
7.
(0,01 ).
8.
5%
.

(0,01),
365 366 (actual/
actual ICMA),
.
9.
.

.
,

T.A.R.G.E.T.
10.
,
(....), (O.T.C.)

11.
.
12. .
2/4627/0023/25.01.2001 ,
,
.

2010 2011,

.

.
, 27 2010

F
. 2/90793/0023/
(2)

.
0407039999/1192006
200 .

.

:
1. 33 . 3889/2010
,
,
( 182//14.10.2010).
2. 31 32 . 1914/1990

,
( 178//17.12.1990).
3. 1 . 2187/1994
( 16//8.2.1994).
38161
( )
4. 90 91 . 2362/1995
,
( 247//27.11.1995)
64 ,
38 . 3871/2010 (
141//17.8.2010).
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. . 0407039999/11.9.2006

()
200 .,

, ..
7. . 2/4067/0025/5.9.2006

200 . ( 1251//7.9.2006).
8. . 1780/28122010

& .
9. .. 185/2009
( 213//7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
.
1.
, 30
2010, . 0407039999/
1192006 ,
( 200.000.000,00),

()
(ETE),
. 2/4067/0025/5.9.2006 (
1251//7.9.2006)
,

, ..
2. ,
, 30 2010

,

( 171.428.571,42).
3. 13 2016.
4.
4,0195%
.
5.
13/9 .
6.

(Act/Act).
7. ,
3092010
23
(23) .
8.
. 0407039999/1192006

() .
.
9.

,
(
171.428.571,42), 33 . 3889/2010
,
,
( 182//14.10.2010) . 1780/28122010

(),
& .
10.

.
11.
30122010
1392016.
12.

:

( )
1392011
28.571.428,57
1392012
28.571.428,57
1392013
28.571.428,57
1392014
28.571.428,57
1392015
28.571.428,57
1392016
28.571.428,57
13.
(0,06 )
0,01.
14.
4,0195% ,
.
,
( 0,01),

365 366 (actual/actual ICMA),

13/9 .
15. 30122010
1392011
(short first coupon).
16. ,
(ISIN).
17.
100% .
18.

,
.
,

T.A.R.G.E.T.
38162
( )
19.
,
(....), (O.T.C.)

20.
.
21.
,
30122010
,
1392010 30122010
(108 ),
,
,
( 2.038.854,01).
22. .
2/4627/0023/25.01.2001 ,
,
.

2010 2016,

.

.
, 28 2010

F
(3)

.. ..,
. 3299/2004.
. . 54385//5/01521//
. 3299/2004/30112010

, . 3299/04,

..
..,
,
7,65 W,
, ,

(9.800.000) ,
(40,000%),
(3.920.000,00 ) .
(2) (0,7 EME).
: 1/7/2010.

.

. . 14924/3/3789
(4)
. . 11337/3/2365/270509
( 1146//09)

.

:
1. . 4233/1962,
. 614/1977, . 2094/1992, . 2696/1999 (... 51//1999),
. 760/18 (... 31//1978)

.
2. .. 238/1994 (... 135//1994)

.
3. . 53072/2/902/. 35/21.11.1964
.
4. . 24042/9742/15.5.1968
...
5. . 48986/18716/101068

. 2715/1015/22.1.1969

. .
6. . 78329/5548/17.6.1971

.
7. . 106333/7113/4/29.9.1971
(... 804//9.10.1971)

.
8. . 45892/2511/853/11.5.1974

.
9. . 168281/3698/168/14.10.1978

.
10. . 125397//990/340/27.3.1979

.
11. . 139485/3534/1006/24.11.1979
(... 46/B/1980)
.
12. . 113463/643/183/7.4.1981
(... 231//1981)
. 125397/990/340/79 .
13. . 117092/1212/374/6.5.1981
(... 264//1981)

.
14. . 114222/1013/526/17.3.1982
(... 173//1982)

.
15. . 112395/531/248/31.3.1982
(... 173/B/1982)

.
38375
. 2257
31 2010

EG 1709190YG/1592009
350 .

. .........

/

,
. 2 . 257 . 5 . 95
. 3852/2010. .......................................................................................

/

, .
2 . 257 . 5 . 95
. 3852/2010. .......................................................................................

/
,
. 2 . 257
. 5 . 95 . 3852/2010. ...........

.
......................................................................

. .................................

. & ..
.3299/2004. ..................................................................

ELLARCOM S.A. .3299/04.
/
2005. ..................................................................

729/2006
,
10 . 3584/2007.
7

, : .50410/7092010
.
.............................................

. ..........................................................

. .......................................................

. .......................................................
11
12
13
14
5
6
7
8
9
10
. . 50002/14122010

. ...................................................................................................
. . 50002/
14122010
. ........................................................................
. . 50001/
14122010
. ........................................................................
. 118//
4559/2010
. .........................................................................
15
16
17
18
. 2/90791/0023/
(1)

EG
1709190YG/1592009
350 .

.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. 31 32 . 1914/1990

,
( 178/17.12.1990).
38376
( )
3. 1 .2187/1994
( 16/8.2.1994).
4. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. . EG1709190YG/1592009

()
350 .,
, ..
7. . 2/63151/0025/8.9.2009

350
. ( 1963/10.9.2009).
8. . 1780/28122010

.
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
.
1.
, 30 2010,
EG1709190YG/1592009

()
,
(350.000.000,00),

() ,
.
2/63151/0025/8.9.2009 ( 1963/10.9.2009)
,

, ..
2. ,
, 30 2010

(350.000.000,00).
3. 17 2019.
4.
5,089% .
5.
17/9 .
6.

(Act/Act).
7. ,
3092010
23
(23) .
8.
. EG 1709190YG/1592009

() .
.
9.

(350.000.000,00),
33 .3889/2010
, ,
( 182/14.10.2010)
1780/28122010
(),

.
10.

.
11.
312011
1792019.
12.

:

( )
1792013
50.000.000,00
1792014
50.000.000,00
1792015
50.000.000,00
1792016
50.000.000,00
1792017
50.000.000,00
1792018
50.000.000,00
1792019
50.000.000,00
13.
(0,07)

0,01.
14.
5,161% ,
.
,
(0,01),


17/9
.
15. 312011
1792011
16. ,
(ISIN).
17.
100% .
18.

,
.
,
T.A.R.G.E.T.
19.
,
(....), (O.T.C.)

( )
20.
.
21.
, 31
2011
, 1792010
312011 (108
),
, ,
(5.343.450,00).
22. .
2/4627/0023/25.01.2001 ,
,
.

2011 2019,

.

.
, 28 2010

F
. .54002
(2)

/

, . 2
. 257 . 5 . 95 . 3852/2010.

:
1. 257 . 2 95 .
5 . 3852/2010 ( 87/)

.
2. 259 . 1 . 3852/2010
( 87/)
.
3. 90 .. 63/2005 (
98/)
.
4. . . 63650/16122010 ..
/

/
.
5. . . 50067/16122010
,
/

,
257 . 2 95 . 5 . 3852/2010.
6. . . . 462/31122010
.. /

20122010
, :
. . 50067/
16122010

38377

, ,
, ,
.. /
/ ,
.
. 50067/16122010

.
, 31 2010

F
. . 54001
(3)

/
,
. 2 . 257
. 5 . 95 . 3852/2010.

:
1. 257 . 2 95 .
5 . 3852/2010 ( 87/)

.
2. 259 . 1 . 3852/2010
( 87/)

.
3. 90 .. 63/2005 (
98/)
.
4. . . 63623/15122010 ..
/

/
.
5. . . 50071/17122010
,
/

,
257 . 2 95 . 5 . 3852/2010.
6. . . . 464/31122010
.. /

30122010
,
:
. . 50071/
17122010

, ,
, .. /
/
, .
. 50071/17122010
.
38383
. 2258
31 2010
. 2/81833/0022
(1)
. 2/532/0022/2412002 ( 106/
)
,

,
,
.
. 2/532/0022/2412002 (
106/)
,

,

, .
. 2/67009/0004/11.10.2010

,
,
/

......................................................................................
. . 2/95879/0024/24.12.2008

.. ( 2691/
) . . 2/25271/
0024/31.3.2009 ( 666/), . 2/37023/
0024/1.7.2009 ( 1423//) . . 2/65345/
0024/28.8.2009 ( 2064/)
.............................................................................................................

10/12/2010. ..............................................................................................

,
..........................

.. 1.000.000.000
. .........................................................................................................

.. 1.500.000.000
. .........................................................................................................
3
4

,

:
1. . 7 4 . 4111/60
( /163)
.. ,
. 1 3
. 4329/63 ( /158).
2. 40 . 849/78,
( /232).
3. 29 . 1558/85 (
/137), 27
. 2081/92 ( /154).
4. 22 28 ./
36/2000
( /29).
5. ./ . 127/05 ( 182/)
.
6. / . 63/2010 ( 108/)

.
7. . 2/532/0022/2412002 ( 106/)

,
,

, .
2/30271/0022/2007 ( 1060/) 2/39430/0022/2008
( 1446/)
.
8. . 2672/2009 ( 2408/)

.
9.

38386
( )
ISIN
GR0110019214
20/3/2011
3,80%
14.500.000,00
99,200
14.384.000,00
400.041,10
14.784.041,10
10122010 ,
,
( 14.784.041,10),
14.384.000,00 , 400.041,10 .
.
, 8 2010

F
. 2/88952/0023
(5)

,
.

:
1. 27 . 3867/2010
,
,

( 128/
/3.8.2010).
2. 31 32 . 1914/1990

,
( 178//17.12.1990).
3. 1 . 2187/1994

( 16//8.2.1994).
4. 5 12
. 2198/1994
,

( ) ( 43/A/22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247//27.11.1995) 64
,
38 . 3871/2010 ( 141//17.8.2010).
6. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/1998 ( 31//17.2.1998),
37 . 3130/2003 (
76//2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2628/1998

(....)
( 151//6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,

. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631/
/2010) ,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 ( 1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. 20122010
,
, .
. .
16. .. 185/2009
( 213//7.10.2009).
17. . 2672/3122009

( 2408//3.12.2009).
18.
,

,
1. (3)

,
( )
,
( 185.537.237,49), 2012
2010
, ,
. .
.
2.
,

27

. 3867/2010 ,
,

( 128//3.8.2010).
3. ,
, (
)
:
) 2007,
,
, ,
( 16.068.833,63),
22/12/2010
22/12/2011.
) 2008,
,
, ,

( 94.318.659,61), 22/12/2010
22/12/2012.
) 2009,
,
, ,

( 75.149.744,25),
22/12/2010 22/12/2013.
4. ,
(ISIN),
.
5.
100% .
6.
(0,01 ).
7.
.

.
,

TAR.G.E.T.
8.
,
(....), (O.T.C.)

9.
0,0375%
,

.
38387
10. .
2/4627/0023/25.01.2001 ,
,
.

2010, 2011, 2012 2013

.

.
, 22 2010

F
. 2/86926/0025
(6)

..
1.000.000.000 .

:
1. :
() 2 . 3723/2008 ( 250/),
() . 2322/1995 ( 143/), 1,
() 90

.. 63/2005 ( 98/),
() . 185/2009
,

,

,
,

( 213//7102009),
()
.
2672/03.12.2009
(
/2408/03.12.2009).
2. . 54201//2884/26.11.2008

( 2471/).
3. . 2/5121/0025/26.1.2009

2 . 3723/2008

( 140/).
4.

(2008/C 270/02).
38399
. 2260
31 2010
. 2/90064/0023/
(1)

. 264/362004
100 .
.

. 264/ 362004

100 . . ............................
(reopening)

, 28122010. ...............................

. 575/16122004

200 . ........................................
:
. , . 1960
.... ...................................................................................

. .
.3299/2004. ....................................................

,
: . .
01/01/2010 . ..............................................................

,
: .
. 16/08/2005 . ....................................

.......................................................................................................

()
. .........................................................................................

. 311323

. ....................................................................................................... 10
:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. 31 32 . 1914/1990

,
( 178/17.12.1990).
3. 1 .2187/1994
( 16/8.2.1994).
4. 90 & 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 ( 141/17.8.2010)
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. . 264/3.6.2004

()
100 .,

, ..
7. . 2/29854/0025/28.5.2004

100 . ( 812/1.6.2004).
38400
( )
8. .. 185/2009
( 213/7.10.2009).
9. . 2672/3122009

( 2408/ 73.12.2009), :
1.
, 30 2010,
. 264/362004
,
(100.000.000),
()
,

. 2/29854/0025/28.5.2004 ( 812/1.6.2004)
,

, ..
2. ,
, 30 2010
,
,
(57.142.858,00).
3. 30 2014.
4.
4,5525% .
5.
30/6 31/12
.
6.
360
(Act/360).
7. ,
3092010
23
(23) .
8.
. 264/362004

() .

2010 2014,

.

.
, 24 2010

F
. 2/90448/0023
(2)
(reopening)

, 28122010.

:
1. 27 . 3867/2010
,
,

( 128/
3.8.2010)
2. 31 32 . 1914/1990

,
( 178/17.12.1990).
3. 1 .2187/1994

( 16/8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43A/22.3.1994).
5. 90 & 91 .2362/1995
,
... ( 247/27.11.1995) 64
,
38 .3871/2010 ( 141/17.8.2010).
6. 11 .2459/1997

( 17/18.2.1997), 9
.2579/1998 ( 31/17.2.1998),
37 . 3130/2003 ( 76/2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151/6.7.1999).
9. .2842/2000
()
1103/97, 974/98 2866/98 ,
. ( 207/
27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 ( 1805//
2010) ()
,
,

( )
,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010 ( 2258/2010)

,
,
.
16. 24122010
,
,
.. .
17. .. 185/2009
( 213/7.10.2009).
18. . 2672/3122009

( 2408/3.12.2009).
19.
,

,
:
1. (reopening) 28122010,
(3)
, , ,
22122010,

.
2.

, ,

(224.188.778,33), 24122010

, ,
..
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128/3.8.2010).
4.

:
) 2007,
,
,
,
(49.308.581,10), 22/12/2010
22/12/2011 ISIN: GR0326041242.
) 2008,
,
38401
,
,
(109.645.955,07), 22/12/2010
22/12/2012 ISIN: GR0326042257.
) 2009,
,
,
,
(65.234.242,16),
22/12/2010 22/12/2013 ISIN:
GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

(EuroMTS, Broker Tec, .).
8.
0,0375%
,

.
9. .
2/88952/0023/22122010
,
,
. 2/4627/0023/25.01.2001
,
, .

2010, 2011, 2012 2013

.

.
, 27 2010

F
. 2/90065/0023/
(3)

. 575/16122004
200 .
.

:
1. 33 . 3889/2010
,
,
( 182/14.10.2010).
17
. 3
5 2011
,

. .........................................................................

... .........................................................................................................
8029/1/20 2611999

( 74)............................
. ...................................................

. ........................................................................................................

............................

. .....................................................................................................

. ......................................................................................................
1
2
3
4
. 2/91707/0023/A
(1)
,

.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/90059/0023/24122010

. 370/27112002

160 .
.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 1780/28122010

& .
8. . 2/20187/0023/20.4.2004

,
,
( 670//10.5.2004).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.

(45.714.285,70),
33 .3889/2010
, ,
(
182/14.10.2010) . 1780/28122010

(),
& .
2.

3092010
18
( )
57.142.857,13
. 2/90059/0023/24122010

. 370/27112020
160 .
.
3.
31122010
31122012.
4.

:

( )
3062011
11.428.571,43
31122011
11.428.571,43
3062012
11.428.571,43
31122012
11.428.571,41
5.
(0,01).
6.

6
(6month Euribor),
, 11.00 .. ,
,
0,15%.
7.
30/6 31/12
.
8.
,
(0,01),

360 (Act/360),

.
9. 31122010
3062011
.
1,388% (1,238%+0,15%).
10. ,
(ISIN).
11. 100%
.
12.

,
.

,
T.A.R.G.E.T.
13.
,
(....), (O.T.C.)

(EuroMTS. Broker Tec. ..).
14.
.
15.
, 31
122010
,
3062010 31122010
(184 ),

,
(346.095,24)
,
,
(11.428.571,43).
16. . 2/20187/0023/20.4.2004

,
,
( 670//10.5.2004).

2010 2012,

.

.
, 30 2010

F
. 9//75/51
(2)

...

,
:
1. 61 62 .3528/07
( 26/9207).
2. . 1 .. .
20 20.12.2010,

.
3. 10//23546/3284/24605 ( 862//24605)

,
. /,
, ,
:

. 2

,

,

.
445
. 23
19 2011

2010.....................................

11/01/2011 .......................................

14/1/2011...

26 14/01/2011

. ..............

,
,
, ....
..........................

. 375/6
82004
200 . . .................
1
2
3
. . 2/6540/0025
(1)

2010.

:
1. . 2322/1995 ( 143/12.07.1995),
1.
2. . 2672/3.12.2009 ( 2408/3.12.2009)

.
3.
87 88
..
(2008/C155/02).
4.
5 . 2322/1995 ( . 2/19.1.2011),

2010, :
1) ,
80%,

,
30%
,

2010,
. 2322/1995.

10.000.000,00 .
2)
,
31.12.2011
(2)
,
30.6.2011 31.12.2011.

.

.
447
( )
6. .. 185/2009
( 213 /2009).
7. . 2672/3122009

( 2408 /2009), :
1.
, .. 3745/57 . 1266/1982,
11 2011
26 4,90%.
2.

26 11/01/2011.
3.

.

2011,
.

.
, 11 2011

F
. 2/3249/0023
(3)

14/1/2011

:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) (43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A /1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999)).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 .1266/1982
( 81 /2.7.1982).
9. &
. 2/89260/29.12.2000
(
615/2001).
10. 1 . 2628/1998

(....) ( 151 /1998).
11 185/2009
( 213/2009)
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/1976/0023/11012011,

, 26
15/7/2011.
15. . . 69/1112011 ....
,
:

,

( 31.000.000,00)
1412011, :
ISIN
ONOM.
GR0002079425 14/1/2011 15/7/2011 31.000.000,00 97,26 30.150.600,00 849.400,00

( 30.150.600,00).

.
, 12 2011

F
. 2/1976/0023
(4)

26 14/01/2011

.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
448
( )
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 .2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...
( 76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 & 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. .2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
10. &
. 2/89260/29.12.2000
( 615
/23.05.2001).
11. . 2/91001/0023//29122010

.
12. . 2/91007/0023//29122010

2011 .
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. 7012011 ....

11/01/2011
, :
,
11 2011,
,
,
.
.
1. , ,
26 ,
, 14 2011
15 2011.
2. 360
(ACT/360).
3.
( 1.500.000.000,00).
4.
.
5.
.
6.

(10%).

.

.
.
.
1)

(...).
,
11 2011, ,
(....).
,
,

(cut off price).
2)
,
5
.
( 5.000.000)

.

( 1.000.000).
3)

.
4)

( 1.000).
5)
(
).

, 30%
.

.

( )
(cut
off price).

.
,
11 2011 12.00
.
6)

11
2011 12:45 ,
(...
.).
7)
,
( 12:00
13 2011),
,

(cut off price)
30%
.

,

,
.

.

12:45 13
2011, ().
8) (Settlement)
14 2011,
.
9)
, ,
.
.

14 2011 (),
,
21 2011,
, ,

,

, ,
.
,
..,
(...)
...
(...).

,
ISIN 14
2011 .
449
,

.

...
.

, ISIN ,
.

ISIN () ISIN
( ),
. 5 ,

... ...

ISIN ,

,
ISIN
ISIN .
.
.

2011,

.

.
, 11 2011

F
. 2000048
(5)

,
,
,
....
.

:
1. 1 . 2303/95

( 80//5595)
15 . 2837/00 ( 178//3800).
2. 19 . 2592/98
,
.
( 57//18398).
3. 28 . 3 . 2362/95

( 247//271195).
453
. 24
20 2011
. 129/2534/2010 ( 108
)
,

. ...................................
1

26
14/01/2011 ............................. 2

. 1 15 . 3889/2010
( 182)
.................................................................................. 3
. 67002 ( 1742/ 72006)
,
& ,

.......................... 4
. . 105/1522
(1)
. 129/2534/2010 ( 108 )
,

.
,

:
1. :
) 1 .. 2396/1953 ( 117/)

,
.
) 90
,
./ 63/2005 ( 98/).
) 3 . 4 5 . ..
216/1974 ( 367/)
.
) 2 . 3 . . 851/1978 (
233/) ,
, ....
) 3 22 . 3 . 2362/1995 (
247/) ,
.
) 19 . 4 . 2503/1997 ( 107/
) , , ,

.
) 1 . . 15 . 2647/1998 (
237/)
.
) .. 373/1995 ( 201/)

,
.
) .. 400/1995 ( 226/)

,
.
) .. 205/2007( 231/)
,

.
) .. 187/2009 ( 214/)
.
2. . 2876/2009
( 2234/) ,

,
.
3. . 2672/3122009 ( 2408/)

.
4. 129/2534/2010 ( 108)
,

.
454
( )
5. . . 220069/6963/5112010

(....)
.
6. . . 14634/23112010

....&..
7.

,
.... & ..
,
,
.
8.

, :
. 2, ,
.
. 7, 3,
:
.
(....)
.

.
, 19 2011

,

F
. 2/2817/0023
(2)

26 14/01/2011
.

:
1. 31 32 .1914/1990

,
( 178 /17.12.1990).
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43 A/22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997), 9
.2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
5. .2842/2000
() 1103/97,
974/98 2866/98 ,
EYP. ( 207 /27.9.2000).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/82
( 81 /2.7.1982).
9. .2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
10. &
. 2/89260/29.12.2000
( 615
/23.5.2001).
11. . 2/91001/0023//29122010

.
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. 7012011 ....

11/01/2011
.
16.
11 2011, :
,
, 26 ,
14 2011
15 2011.

, . ,
,
360
(ACT/360).
4,90%,

11 2011.

10%
.
( )
(
) ,
..,
(ISIN ).

, , ,

,
.

10 2011
12 2011.
,
:
... ,
... ,
...,
.A.T.,

.
1.000
,
1.000

15.000 .
... ... 1.000 .
, ,
,

, .
,

.
...
.

, ,
ISIN

.

.

ISIN

,

ISIN ISIN .
.

, 0,15%.
...
0,04%.
2/89260/0023/29
122000
( 615 /23.5.2001).

2011,

.
455

.
, 11 2011

F
. 115451/24
(3)

. 1 15 . 3889/2010 (
182)
.

,

:
1. .. 63/2005 ( 98)

.
2. 1 2876/07.10.09
,
( 2234).
3. .. 187/2009 ( 214)
89/2010 (
154) ,
.
4. 1 .. 189/2009 (
221)
....., 6 ..
.... .....

( 1 .. 352/1991, 124
1 . 2, .. 228/2002, 208)
23111/31.05.10 ... ( 855)

.
5. 28 . 2664/1998 (
275) .
6. 13 26 .
3889/2010 ( 182),
, ,
,
27 . 2664/1998 ( 275).
7. 22 . 2 .
3889/2010 ( 182)
, ,
,
.
8.
.
9. 4 106
. 2362/95 ( 247), ,

.
10. . 6/142500 2010 ( 1725//03.11.10)

,
.
11.

, :
749
. 42
24 2011
(reopening)

, 1212011.........
. 47508/15112005
...
(.)

( 1708//6122005).............................................................
,

7 .3846/2010 ...........................................

. .....................................................................................

23
.3867/2010

(....)..........................................................................
. 2/2687/0023
(1)
(reopening)

, 1212011.

:
1. 27 . 3867/2010
,
,

( 128/
/3.8.2010).
2. 31 32 . 1914/1990

,
( 178//17.12.1990).
3. 1 .2187/1994

( 16//8.2.1994).
4. 5 12 .2198/
1994
,

( ) ( 43//22.3.1994).
5. 90 91 .2362/1995
,
... ( 247//27.11.1995) 64
,
38 .3871/2010 ( 141//17.8.2010).
6. 11 .2459/1997

( 17//18.2.1997),
9 .2579/1998 ( 31//17.2.1998),
37 . 3130/2003 (
76//2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2628/1998

(....)
( 151//6.7.1999).
9. .2842/2000

() 1103/97, 974/98 2866/98 ,
750
( )
( 207/
/27.9.2000).
10. . 2/4627/0023/25012001 (370//2001)
,

, .
11. . 2/67498/0020/12102010 (1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673// 2010)
,
,

,
. ,
.
13. . 2/78600/0023/16112010 ( 1805//
2010) ,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
.
16. 1012011
,
,
.. .
17. .. 185/2009
( 213//7.10.2009).
18. . 2672/3122009

( 2408//3.12.2009).
19.
,

, :
1. (reopening) 1212011,
(3) ,
, ,
22122010,

.
2.

,
(449.107.076,96),
1012011
,
, ..
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128//3.8.2010).
4.

:
) 2007,
,
,

(91.602.566,46), 22/12/2010
22/12/2011 ISIN: GR0326041242.
) 2008,
,
,
,
(194.892.113,76),
22/12/2010 22/12/2012 ISIN:
GR0326042257.
) 2009,
,
,
,
(162.612.396,74),
22/12/2010 22/12/2013
ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

(EuroMTS, Broker Tec ..).
8.
0,0375%
,

.
9. . 2/88952/0023/2212
2010

,
, . 2/4627/0023/25.1.2001
,
,
.
:

2011, 2012
( )
2013
.

.
, 11 2011

F
. 1503
(2)
47508/15112005
...
(.)
( 1708//6
122005).

,

:
1. 15 . 4 8 . 2742/
1999
( 207),
13 . 1 . 3044/2002

,
( 197 ).
2. 90

./ 63/2005
( 98).
3. . 1/2010

.
4.

15.000 .

,
, :
. 47508/15112005
....

( 1708/),
:
2 11
3, ,
4.
3. (, ,
) ..

. 10428/663 .. ( 370/
/2005) . 3833/2010
( 40/),
. ,
.. (
) 70
.

..,

751
.

..

,
,

.

.
, 13 2011

F
. 561/39
(3)
,

7 .3846/2010

:
1. .. 63/2005 ( 98//22.4.2005)

.
2. 7 . 11 .3846/2010
( 66//11.5.2010)
.
3.

...

,
.
4.

, :
1.

.
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3.

...

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(3)
.
757

. 43
24 2011

. . ...........................

.

2082009
( 178//1692009)
121.664.845,34,
.. bank,
17 2003
2007. ..........................................................................................................

2082009
( 170//492009)
95.448.446,88,
. 2007/2008. ................

2082009
( 170//492009)
293.840.123,03,
.. ATEbank
17 2003
2007 ...........................................................................................................

. 54012/3062008
( 161//582008)
272.469.055,97,
. 2006/2007. ................

3182001 (
234//12102001) 191.452.362,37,
/. ..............

932006 (
89//2742006) 112.785.829,29,

. 2004
2005. ..........................................................................................................

....
.

(....) ,
. ..................................................................... 9

(..&.) 2010. .......... 10

. ........................................ 11
. 2/84684/002
(1)

. .

,

:
1. 19 . 2 . 1876/1990
( 27/A/831990)
.
2. . 134/26.5.2010
,

2010.
3.
,
.
4. 40 .849/1978 ( 232/A/22.12.1978),
8 .2129/1993
( 57//14.4.1993).
5. . 383/18.1.2010 ( 29/)
,

,

.
( )
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. . 54012/3062009
( 161//582008) 272.469.055,97
.
2006/2007.
7. .. 185/2009
( 213//7.10.2009).
8. . 2672/3122009

( 2408//3.12.2009), :
1.
, 31 2010,

272.469.055,97 . 54012/3062008

(
161//582008).
2. ,
31 2010

(204.351.791,99).
3. 21 2016.
4.
,
6
(6month Euribor),
, 11.00 .. ,

, 0,20%,

.
5.
360
(Act/360).
6. ,
3182010
23
(23) .
7.
. 54012/3062008

( 161//5
82008).
:

2010
2016,
.

.
, 31 2010

761
. 2/91798/0023/
(7)

3182001 (
234//12102001) 191.452.362,37,
/.

:
1. 32 .3889/2010
,
,
( 182//14.10.2010).
2. 31 32 . 1914/1990

,
( 178//17.12.1990).
3. 1 .2187/1994
( 16//8.2.1994).
4. 90 91 .2362/1995
,
( 247//27.11.1995)
64 ,
38 .3871/2010 (
141//17.8.2010).
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. 31.8.2001

( 234//12.10.2001)
191,5 .
/.
7. .. 185/2009
( 213//7.10.2009).
8. . 2672/3122009

( 2408//3.12.2009), :
1.
, 31 2010,

,

191.452.362,37 31.8.2001

( 234//12.10.2001).
2. ,
, 31 2010
,
,
(19.145.236,30).
3. 30 2011.
4.

12
(12month Euribor),
, 11.00 .. ,
,
1,0%.
5.
360
762
( )
(Act/360)
.
6. ,
3182010
23
(23) .
7.
31.8.2001

( 234//12.10.2001).
:

2011,

.

.
, 31 2010

F
. 2/91802/0023/
(8)

932006 ( 89/
/2742006) 112.785.829,29,

. 20042005.

:
1. 32 .3889/2010
,
,
( 182//14.10.2010).
2. 31 32 .1914/1990

,
( 178//17.12.1990).
3. 1 .2187/1994
( 16//8.2.1994).
4. 90 91 .2362/1995
,
( 247//27.11.1995)
64 ,
38 .3871/2010 (
141//17.8.2010).
5. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
6. 932006 ( 89/
/2742006) 112.785.829,29

. 20042005.
7. .. 185/2009
( 213//7.10.2009).
8. . 2672/3122009

( 2408//3.12.2009), :
1.
, 31 2010,

112.785.829.29 932006

( 89//2742006).
2. ,
, 31 2010
,
,
(14.098.228,66).
3. 9 2011.
4.
,
6
(6month Euribor),
, 11.00 .. ,

, 0,10%,

.
5.
360
(Act/360).
6. ,
3182010
23
(23) .
7.
932006

( 89//2742006).
:

2011,

.

.
, 31 2010

F
. 2/85293/0022
(9)

....
.
(....)
, .

,
:
1. . 2 6 ..
189/2009 ( 221/)
.
2. . 2876/7102009
( 2234/) .
1461
. 87
31 2011

...........................................
......................................................................
,

..........................................................................

.................................................................................................

25.7.2025 31.1.2011 ....

25.7.2057 31.1.2011 ....

25.7.2030 31.1.2011. ..

,

....
......................
1
2
3
4
5
6
7
8
9
10
. 66725/10
(1)

.

,

:
1. . 2 1 . 3320/
2005 ( 48//23.2.2005)

.
2. 11 .. 164/2004 (
134//19.7.2004)
.
3. . 967/18.4.2006, 60/15.2.2010, 126/7.9.2010
142/1.11.2010 ....
4. .. 50/2001 ( 39//5.3.2001)

, .
5. . 3584/2007 ( 143//28.6.2007),

.
6.
,
,
.
7. 90 ,
.. 63/2005

( 98).
8. 1 . 2876/
7102009 ,
( 2234//7.10.2009).
9. .. 184/2009 .. 185/2009
( 213//7.10.2009).
10. . 2672/3.12.2009

( 2408//3.12.2009).
11. . 383/18.1.2010
,

,

( 29//18.1.2010).
12. 1 283 . 3852/2010
( 87/)

, :

,
, :
1463
( )

, .... ...

,
( 3205/23122003).
2. 1 6
. 3833/2010

( 40//1532010).
3. 2 18
. 3254/2004
2004
( 137//2272004).
4. . 3861/2010

,

( 112//1372010).
5. . 2/7093/0022/522004
.3205/2003

, .... ...
(215//522004).
6. . 2/16606/0022/2442009

, & .
7. .. 188/96
( 146//96), .. 13/2005
( 11//2012005), .. 26/2005 ( 43//2005), ..
137/09 ( 184//2492009) 1
. 3895/2010 ,
(
206//8122010).
8.
,

.
9.

(240.000) 0511 .07.170

, :
112011 31122011

8
,
:
(295)

(40) .

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,

,
.

.
, 31 2011

F
(4)
.
. 2/2463/0004/20.12.2010
,
,
1 . 6 .
. 3867/2010 ( 128//8.8.2010),
1 2010,

,
/
....,
,
,

.

.
(. . ... . 65/11.1.2011).

,

F
. 2/91715/0023/
(5)
,

.

:
1. 33 . 3889/2010
,
,
( 182//14.10.2010).
2. . 2/90061/0023/24.12.2010

. 95/10.2.2004
100 .
( 2175).
3. . 2/90064/0023 /24.12.2010

. 264/3.6.2004
100 .
( 2260).
4. . 2/90065/0023 /24.12.2010

. 575/16.12.2004
200 .
( 2260).
1464
( )
5. 31 32 . 1914/1990

,
( 178//17.12.1990).
6. 1 .2187/1994
( 16//8.2.1994).
7. 90 91 . 2362/1995
,
( 247//27.11.1995)
64 ,
38 . 3871/2010 (
141//17.8.2010).
8. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
9. . 1780/28.12.2010

.
10. . 2/4627/0023/25.1.2001

, ,

( 370//5.4.2001).
11. .. 185/2009
( 213//7.10.2009).
12. . 2672/3.12.2009

( 2408//3.12.2009),
:
1.

(207.142.861,00), 33
. 3889/2010
, ,
( 182//14.10.2010)
. 1780/28.12.2010
(),

.
2.

30.9.2010
235.714.289,00
) . 2/90061/0023/24.12.2010

. 95/10.2.2004
100 .
, ) . 2/90064/0023/
24.12.2010
. 264/
3.6.2004
100 . ) .
2/90065/0023/24.12.2010

. 575/16.12.2004
200 .
, .
3.
31.12.2010
25.7.2014.
4.

:
25.7.2011
25.7.2012

( )
51.785.715,25
51.785.715,25
25.7.2013
51.785.715,25
25.7.2014
51.785.715,25
5.
(0,04),

0,01.
6.
3,985% .
7.
25/7 .
8.
,
(0,01),

(Act/Act),

.
9. 31.12.2010
25.7.2011
10. ,
(SIN).
11. 100%
.
12.

,
.
,

T.A.R.G.E.T.
13.
,
(....), (O.T.C.)

14.
.
15.
,
31.12.2010
,
,
,
(4.741.906,42)

,
, (28.571.428,00).
16. . 2/4627/0023/25.1.2001

,
,
( 370//5.4.2001).
( )

2010 2014,

.

.
, 30 2010

F
. . 2/7263/0025

.
(6)

:
1. 3 . 3729/1928
.
2. .. 2181/1943

.
3. 47
.
4. . 2672/3.12.2009 ( 2408)

.
5. . 2/34837/0025/11.5.2009

. 2/61634/0025/18.8.2009
, :

,
, ... 373735,
,
... 099789.

.
, 21 2011

F
. 2/7759/0023
(7)

25.7.2025 31.1.2011.

:
1. 31 32 . 1914/1990

,
( 178//17.12.1990).
2. 1 . 2187/1994
( 16//8.2.1994).
3. 5 12 . 2198/
1994
,

1465

( ) ( 43//22.3.1994).
4. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/1998.
5. 15 . 2628/1998 (
151//1998), 31 . 2682/1999
( 16//1999), 37
. 3130/2003 ( 76//2003).
6. 64, 90 91 . 2362/
1995
( 247//27.11.1995),
. 3871/2010 (
141//17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. 1 . 2628/1998

(....) ( 151//6.7.1998).
9. .. 185/2009
( 213//7.10.2009).
10. . 2/67009/0004/11.10.2010

,
,
/
( 1668/
/21.10.2010).
11. . 2/16773/0023/A/20.3.2003
27.3.2003

, , 25.7.2025,
. 2/5333/0023/30.1.2004, 2/17201/0023/2.4.2004,
2/32020/0023/16.6.2005 2/18746/0023/7.4.2006
, (re opening) 3.2.2004,
5.4.2004, 21.6.2005 12.4.2006, .
12. . 2/13615/0023//13.3.2006 ( 387/
/30.3.2006)

,
25.7.2025, 2005=100, :
,
, ISIN GR 03 38001 531,
25.7.2025, 2,90%

,
2011 :

(INDEX
RATIO)
31.1.2011
7.200.000.000,00 110,26613
1,16274
8.371.728.000,00

31.1.2011
25.7.2002.
1541

. 94
1 2011
(1)
O :
. ..
O :
.
.. ............................................................................................
O :
. . , .
1971 .. .......................................................... 2
O :
OY . , . 1964
.. ...................................................................... 3
(reopening)

, 412011. ......... 4
(1)

............................................ 5
. .
.. .. . 3299/2004
,
. ................................... 6

. .................................................................................................. 7

2011....................................... 8

. 18200/1959/
1922010
........................................... 9
. 41799/4848/
28.5.2010
........................................... 10
1. . 86118/50700/31.12.2010
, A
,
:
. , . 1956
, .
2. . 92753/50733/31.12.2010
, A
,
:
. , . 1968
, .
3. . 94990/50678/31.12.2010
, A
,
:
. , . 1981
, .
4. . 108254/53223/31.12.2010
, A
,
:
. , . 1984
, .
5. . 108279/51579/31.12.2010
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,
:
) . . , .
1963 ,
) . , .
1982
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1984 ,
.
1544
( )
,
:
. , . 1969
, .
15. . 125538/51308/31.12.2010
, A
,
:
. , . 1985
, .
16. . 125591/51912/31.12.2010
, A
,
:
. , . 1978
,
.
H
, A
TZ
F
. 2/48/0023
(4)
(reopening)

, 412011.

:
1. 27 . 3867/2010
,
,

( 128 /3.8.2010).
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 .2187/1994

( 16 /8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43 A /22.3.1994).
5. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
6. 11 .2459/1997

( 17 /18.2.1997), 9
.2579/1998 ( 31 /17.2.1998),
37 . 3130/2003( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 31122010
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 412011,
(3) ,
, ,
22122010,

.
( )
2.

, ,

(749.225.794,50), 31122010

, ,
. .
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

(144.998.918,15),
22/12/2010 22/12/2011
ISIN: GR0326041242.
) 2008,
,
,
,
(300.872.610,37), 22/12/2010
22/12/2012 ISIN: GR0326042257.
) 2009,
,
,
,
(303.354.265,98),
22/12/2010 22/12/2013
ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010
1545

,
, .
2/4627/0023/25.01.2001 ,
,
.

2010, 2011, 2012 2013

.

.
, 3 2011

F
. . 913.1/2616/10/. 38246
(5)
(1)

.

:
1. :
. T 3 1629/51 ( 9).
. 90
,
63/2005 ( 98).
2. .010/11/95003/24.12.1991 ( 22/
17.1.1992).
3. . 919.32817/1/10/
. 1429/01112010,
(1)

.
4.

, :
1. (1)

.
. : .
. :

.
. :
1629/51
.
. : .
. : . ,
.
2. ,
11 . () . 1629/51
, :
.
/,
.
1641
. 98
1 2011
(reopening)

, 1712011.........
,

. .........................................................................
,

. .........................................................................
,

. .........................................................................
(
)
.
. 2/4007/0023
(1)
(reopening)

, 1712011.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010).
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12
. 2198/1994
,

( ) ( 43 A/22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
6. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
EYP. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 (1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
1642
( )
13. . 2/78600/0023/16112010 ( 1805/

/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
, .
16. 1312011
,
, . .
.
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

, :
1. (reopening) 1712011, (3)
, ,
, 22
122010,
.
2.

, ,

(387.492.584,04), 1312011

, ,
, . .
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

(93.489.118,83),
22/12/2010 22/12/2011 ISIN:
GR0326041242.
) 2008,
,
,
,
(168.977.010,81), 22/12/2010
22/12/2012 ISIN: GR0326042257.
) 2009,
,
,
,
(125.026.454,40),
22/12/2010 22/12/2013 ISIN:
GR0326043263.
5.
100% .
6.
.

.
,

TAR.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010

,
, .
2/4627/0023/25.01.2001 ,
,
.

2011, 2012 2013

.

.
, 14 2011

F
. 2/3624/0023/
(2)
,

.

:
1. 32 . 3889/2010
,
1643
( )
,
( 182 /14.10.2010).
2. . 2/91814/0023/31122010

. 54012/3062008
( 161 /582008)
272.469.055,97
. 2006/2007
.
3. 31 32 . 1914/1990

,
( 178 /17.12.1990).
4. 1 . 2187/1994
( 16 /8.2.1994).
5. 90 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 ( 141
/17.8.2010).
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 71/1212011

.
8. . 2/20187/0023/20.4.2004

,
,
( 670 /10.5.2004).
9. .. 185/2009
( 213 /7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.

(204.351.792,00),
32 . 3889/2010
, ,
( 182
/14.10.2010) . 71/1212011
(),

.
2.

3182010
204.351.791,99
. 2/91814/0023/31122010

. 54012/3062008
( 161 /582008)
272.469.055,97
. 2006/2007
.
3.
1312011 2152016.
4.

:

( )
2152011
34.058.632,00
2152012
34.058.632,00
2152013
34.058.632,00
2152014
34.058.632,00
2152015
34.058.632,00
2152016
34.058.632,00
5.
(0,06)

0,01.
6.

6
(6month Euribor),
, 11.00 .. ,

, 0,20%.
7.
,

, 21/5
.
8.
,
(0,01),

360 (Act/360),

.
9. 1312011
2352011
.
1,469% (1,269%+0,20%).
10. ,
(ISIN).
11. 100%
.
12.

,
.
,

T.A.R.G.E.T.
13.
,
(....), (O.T.C.)

14.
.
15.
, 1312011

1644
( )
,

,
(1.676.978,92),

(0,01).
16. . 2/20187/0023/20.4.2004

,
,
( 670 /10.5.2004).

2011 2016,

.

.
, 12 2011

F
. 2/3630/0023/
(3)
,

.

:
1. 32 . 3889/2010
,
,
( 182/14.10.2010).
2. . 2/91816/0023 /31122010

2082009
( 170 /492009)
95.448.446,88
. 2007/2008
.
3. 31 32 . 1914/1990

,
( 178 /17.12.1990).
4. 1 . 2187/1994
( 16 /8.2.1994).
5. 90 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 ( 141
/17.8.2010)
6. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
7. . 71/1212011

.
8. . 2/20187/0023/20.4.2004

,
,
( 670 /10.5.2004).
9. .. 185/2009
( 213 /7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.

(83.517.391,02),
32 . 3889/2010
, ,
( 182 /14.10.2010)
. 71/1212011
(),

.
2.

3182010
83.517.391,02
. 2/91816/0023/31122010

2082009 ( 170
/492009) 95.448.446,88
.
2007/2008 .
3.
1312011 172017.
4.

:

( )
172011
11.931.055,86
172012
11.931.055,86
172013
11.931.055,86
172014
11.931.055,86
172015
11.931.055,86
172016
11.931.055,86
172017
11.931.055,86
5.
(0,07)

0,01.
6.

6
(6month Euribor),
, 11.00 .. ,

, 0,85%.
7.
,
( )

, 1/7 .
8.
,
(0,01),
360
(Act/360),
.
9. 1312011
172011
.
2,084% (1,234%+0,85%).
10. ,
(ISIN).
11. 100%
.
12.

,
.
,

T.A.R.G.E.T.
13.
,
(....), (O.T.C.)

14.
.
15.
, 1312011

,
,
(863.463,10).
16. . 2/20187/0023/20.4.2004

,
,
( 670//10.5.2004).

2011 2017,

.

.
, 12 2011

F
. 2/3617/0023/
(4)
,

.

:
1. 32 . 3889/2010
1645
,
,
( 182 /14.10.2010).
2. . 2/91818/0023/31122010

2082009
( 170 /492009)
293.840.123,03 ..
ATEbank 17
20032007
.
3. . 2/91824/0023 /31122010

2082009
( 178 /1692009)
121.664.845,34
ATEbank 17
20032007
.
4. 31 32 . 1914/1990

,
( 178 /17.12.1990).
5. 1 . 2187/1994
( 16 /8.2.1994).
6. 90 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010
( 141/17.8.2010)
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 71/1212011

.
9. . 2/20187/0023/20.4.2004

,

( 670//10.5.2004).
10. .. 185/2009
( 213 /7.10.2009).
11. . 2672/3122009

( 2408/B/3.12.2009), :
1.

(415.504.968,36), 32
. 3889/2010
, ,
( 182 /14.10.2010)
. 71/1212011
(),

.
2.

1646
( )
3182010
415.504.968,37
. 2/91818/0023/31122010 ( 170 /492009)
2/91824/0023/31122010 ( 178 /1692009)
.
3.
1312011
172017.
4.

:

( )
172012
69.250.828,06
172013
69.250.828,06
172014
69.250.828,06
172015
69.250.828,06
172016
69.250.828,06
172017
69.250.828,06
5.
(0,06)

0,01.
6.

6
(6month Euribor),
, 11.00 .. ,

, 0,9878%.
7.
,

, 1/7
.
8.
,
(0,01),

360 (Act/360),

.
9. 1312011
172011
.
2.2218% ( 1.234%+0.9878%).
10. ,
(ISIN).
11. 100%
.
12.

,
.
,

T.A.R.G.E.T.
13.
,
(....), (O.T.C.)

14.
.
15.
,
1312011
,

,
(13.662.521,99),

(0,01).
16. . 2/20187/0023/20.4.2004

,
,
( 670//10.5.2004).

2011 2017,

.

.
, 12 2011

F
. 108
(5)
(
)
.

:
1. :
. 1 . 2 . 7 . 2503/1997 ( 107
.) , ,
,
.
. . 2860/2000 ( 251 .) ,

( 251/).
. . 3614/2007 ( 267 .) ,

20072013.
. 280 . . 3852/2010

( 87/).
2.
. 9776/
1129/2922008 ( 448 . )
. 41549/ 2847/08122000 ( 1501/)

6
. 3614/2007.
1769
. 112
7 2011
,

214.285.716,00. ..................................................................................
,

128.571.432,00. ..................................................................................
,

114.285.716,00....................................................................................
,

424.999.999,97. ................................................................................
,

60.714.287,00. ...................................................................................
,

112.000.000,00. ................................................................................
. 2/2298/0023/
(1)
,

214.285.716,00.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91768/0023/31122010

591/17112005
300 .
.
3. 31 32 .1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010)
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.
214.285.716,00,
33 .3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
300.000.000,00
1770
( )
. 2/91768/0023/31122010

591/17112005
300 .
.
3.

214.285.716,00.
4.
1112011
3092015.
5.

:
( )
3132011
21.428.571,60
3092011
21.428.571,60
3132012
21.428.571,60
3092012
21.428.571,60
3132013
21.428.571,60
14.
,
(....), (O.T.C.)

15.
.
16.
,
1112011

2.237.797,64.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2015,

.

.
3092013
21.428.571,60
, 10 2011
3132014
21.428.571,60
3092014
21.428.571,60
3132015
21.428.571,60
3092015
21.428.571,60
6.
(0,10)

0,01.
7.
3,7017%
.
8.
31/3 30/9
.
9.
,
(0,01),

(Act/Act),

.
10. 1112011
3132011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
F
. 2/2302/0023/
(2)
,

128.571.432,00.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91763/0023/31122010

462/1982003
130 .
.
3. . 2/91755/0023 /31122010

454/1382003
170 .
.
4. 31 32 .1914/1990

,
( 178/17.12.1990).
5. 1 .2187/1994
( 16/8.2.1994).
6. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
( )
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 51/512011

.
9. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
10. . 185/2009
( 213/7.10.2009).
11. . 2672/3122009

( 2408//3.12.2009), :
1.
128.571.432,00,
33 .3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
300.000.000,00
) . 2/91763/0023/31122010

462/1982003
130 .
) . 2/91755/0023 /31122010

454/1382003
170 . ,
.
3.

128.571.432,00.
4.
1112011
3172013.
5.

:
( )
3112011
21.428.572,00
3172011
21.428.572,00
3112012
21.428.572,00
3172012
21.428.572,00
3112013
21.428.572,00
3172013
21.428.572,00
1771
6.
(0,06)

0,01.
7.
4,4268%
.
8.
31/1 31/7
.
9.
,
(0,01),

(Act/Act),

.
10. 1112011
3112011
11. ,
(ISN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

15.
.
16.
,
1112011

2.575.178,64.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2013,

.

.
, 10 2011

1772
( )
. 2/2300/0023/
(3)
,

114.285.716,00.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91709/0023/30122010

375/682004
200 .
.
3. 31 32 .1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
6. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408/ 73.12.2009), :
1.
114.285.716,00,
33 .3889/2010
, ,
( 182/14.10.2010) .
51/512011
(),
.
2.

3092010
200.000.000,00
. 2/91709/0023/30122010

375/682004
200 .
.
3.

114.285.716,00.
4.
1112011
3092014.
5.

:
( )
3132011
14.285.714,50
3092011
14.285.714,50
3132012
14.285.714,50
3092012
14.285.714,50
3132013
14.285.714,50
3092013
14.285.714,50
3132014
14.285.714,50
3092014
14.285.714,50
6.
(0,08)

0,01.
7.
4,1125%
.
8.
31/3 30/9
.
9.
,
(0,01),

(Act/Act),

.
10. 1112011
3132011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

( )
15.
.
16.
,
1112011

1.326.247,64.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2014,

.

.
, 10 2011

F
. 2/2291/0023/
(4)
,

424.999.999,97.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91783/0023/31122010

2722009
425 .
.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
6. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

1773
, ,

( 370//5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408/73.12.2009), :
1.
424.999.999,97,
33 .3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
425.000.000,00
. 2/91783/0023/31122010

2722009
425
.
.
3.

255.000.000,01

169.999.999,96.
4.
1112011
432019.
5.

:
( )
432013
60.714.285,71
432014
60.714.285,71
432015
60.714.285,71
432016
60.714.285,71
432017
60.714.285,71
432018
60.714.285,71
432019
60.714.285,71
6.
(0,07)

0,01.
7.
5,959%
.
8.
4/3 .
1774
( )
9.
,
(0,01),

(Act/Act),

.
10. 1112011
432011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

15.
.
16.
,
1112011
,
21.717. 697,95 0,04
.

0,01.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2019,

.

.
, 10 2011

F
. 2/2301/0023/
(5)
,

60.714.287,00.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91741/0023 /30122010

146/2003
170 .
.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010).
6. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
9. .. 185/2009
( 213 /7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.
60.714.287,00,
33 . 3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
170.000.000,00
. 2/91741/0023/30122010

146/2003
170 .
.
3.

60.714.287,00.
4.
1112011
3132013.
( )
5.

:
1775
( )
3132011
12.142.857,40

2011 2013,

.

.
3092011
12.142.857,40
, 10 2011
3132012
12.142.857,40
3092012
12.142.857,40
3132013
12.142.857,40
6.
(0,05)

0,01.
7.
4,5066%
.
8.
31/3 30/9
.
9.
,
(0,01),

(Act/Act),

.
10. 1112011
3132011
11. ,
(ISIN).
12. ,
100% .
13.

,
.

,
T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

(EuroMTS. Broker Tec. ).
15.
.
16.
,
1112011

773.184,64.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).
F
. 2/2292/0023/
(6)
,

112.000.000,00.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91781/0023/31122010

2422009
112 .
.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 .2187/1994
( 16/8.2.1994).
5. 90 91 .2362/1995
,
( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141/17.8.2010)
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.
112.000.000,00,
33 .3889/2010
1776
( )
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
112.000,000,00
. 2/91781 /0023/31122010

2422009
112 .

.
3.

61.600.000,00

50.400.000,00.
4.
1112011
2722019.
5.

:
( )
2722013
16.000.000,00
2722014
16.000.000,00
2722015
16.000.000,00
2722016
16.000.000,00
2722017
16.000.000,00
2722018
16.000.000,00
2722019
16.000.000,00
6.
(0,07)

0,01
7.
5,014%
.
8.
27/2 .
9.
,
(0,01),

(Act/Act),

.
10. 1112011
2722011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

15.
.
16.
,
1112011
,
4.907. 950,47.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2019,

.

.
, 10 2011

*02001120702110008*
34 * 104 32 * . 210 52 79 000 * FAX 210 52 21 004

2457
. 144
10 2011
. 2/4457/0023
(1)

13 21/01/2011

.

13 21/01/2011

. ................

13
21/01/2011 . ............................

18/01/2011. .....................................

18/1/2011. ..
(reopening)

, 2012011. ......

SEROSMINE .......................................................................

ROPIVACAINE/KABI.....................................................

VANTAS. ...............................................................................

VILUZOR. ..............................................................................

2
3
4
5
6
7
8
9

. 354.11 /143/145129/
1/17112010
1824/19112010 ( ) ................ 10
:
1. 31 32 .1914/1990

,
( 178 /17.12.1990).
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43 /22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997),
9 . 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...(
76 /2003).
5. .2842/2000
() 1103/97,
2461
( )
4. 18/01/2011

13 .
6. .. 185/2009
( 213 /2009).
7. . 2672/3122009

( 2408 /2009), :
1.
, .. 3745/57 . 1266/82,
18 2011
13 4,10%,
2.

13 18/01/2011.
3.

.

2011,
.

.
, 18 2011

F
. 2/4304/0023
(4)

18/1/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A /1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682
/1999 ( 16/1999) ).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260729.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A /1998).
11 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/1976/0023/11012011,

, 26
, 14/1/2011
15/7/2011.
15. . 82/1312011 ....
, :

,

( 15.000.000,00) 1812011,
:
ISIN
ONOM.
GR0002079425
GR0002079425
14/1/2011
14/1/2011
15/7/2011
15/7/2011
5.000.000,00
10.000.000,00
.
97,28%
97,32%
4.864.000,00
9.732.000,00
136.000,00
268.000,00

( 14.596.000,00).
.
, 14 2011

2462
( )
. 2/6072/0023
(5)
(reopening)

, 2012011.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010)
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 .2187/1994

( 16 /8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43 A /22.3.1994).
5. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
6. 11 .2459/1997

( 17 /18.2.1997), 9
.2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. .2842/2000
() 1103/97,
974/98 2866/98 ,
. ( 207 /27.9.2000).
10. . 2/4627/0023/25012001 (370//2001)
,

, .
11. . 2/67498/0020/12102010 (1631//2010)
,
.
12. . 2/69404/0023/19102010 (1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
, .
16. 1812011
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 2012011, (3)
, ,
, 22
122010,
.
2.
,
,
(186.985.293,20),
1812011
,
, .
. .
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

( )
(40.825.974,57),
22/12/2010 22/12/2011 ISIN:
GR0326041242.
) 2008,
,
, ,

(71.806.652,15), 22/12/2010
22/12/2012 ISIN: GR0326042257. )
2009,
,
, ,

(74.352.666,48), 22/12/2010
22/12/2013 ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010
,
,
. 2/4627/0023/25.01.2001
,
, .

2011, 2012 2013

.

.
2463
: PR.TAB 37,5 mg/TAB

: ITF PHARMA KERESKEDELMI
ES SZOLGALTATO KFT, HUNGAR
: ITF HELLAS AE

.
F
(7)

ROPIVACAINE/KABI.
. 83136, 83138, 83139, 83140, 83142/13122010
,
34 3
3 () 83657/2005,
ROPIVACAINE/KABI.
:
ROPIVACAINE HYDROCHLORIDE
:
2MG/ML
2MG/ML
5MG/ML
7,5MG/ML
10MG/ML
: FRESENIUS HELLAS AE

:
FRESENIUS HELLAS AE
. 12/2010

.
F
(8)

VANTAS.
. 88745/27122010
, 34
3 3
() 83657/2005,
VANTAS
:
50 mg
:
INDEVUS PHARMACEUTICALS
INC.USA
: ORION CORPORATION ORION
PHARMA (EXPOO SITE), FINLAND

.
F
(9)

VILUZOR.
, 19 2011

F
(6)

SEROSMINE
. 86879/21122010
, 34 3
3 () 83657/2005,
SEROSMINE
. 89522/10/03012011
, 34
3 3
() 83657/2005,
VILUZOR.
: DROSPIRENONE+ETHINYLESTRADIOL
:

(3+0,03)MG/TAB
:
GEDEON RICHTER PLC., BUDAPEST,
HUNGARY
3839
. 238
11 2011
,

399.999.999,98. ...............................................................................
,

249.999.999,97. ................................................................................
,

444.000.000,01................................................................................
..............

(..)
. ..............................................................
. 13465/178480/16112010 (
1888/2010)

. ......................................................................................................
,
, / /
,
255 . 4 . 3852/2010. ......
3
4
. 2/2297/0023/
(1)
,

399.999.999,98.

:
1. 33 . 3889/2010
,
,
( 182/14.10.2010).
2. . 2/91769/0023 /31122010 ( 122/2011)

2722007
400
.
.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 . 2187/1994
( 16/8.2.1994).
5. 90 & 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 (
141/17.8.2010)
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,
( 370/
/5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009), :
1.
399.999.999,98,
33 .3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
3840
( )
400.000.000,00
. 2/91769/0023/311220
10 ( 122/2011)
272
2007
400 .
.
3.

249.999.999,97

150.000.000,01.
4.
1112011
132017.
5.

:
14.
,
(....), (O.T.C.)

15.
.
16.
, 111
2011
,
14.631.232,88 0,03
.
0,01.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).
( )
132011
57.142.857,14
132012
57.142.857,14
132013
57.142.857,14
132014
57.142.857,14

2011 2017,

.

.
132015
57.142.857,14
, 10 2011
132016
57.142.857,14
132017
57.142.857,14
6.
(0,07)

0,01.
7.
4,225%
.
8.
1/3 .
9.
,
(0,01),

(Act/Act),

.
10. 1112011
132011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
. 2/2296/0023/
(2)
,

249.999.999,97.

:
1. 33 . 3889/2010
,
,
( 182/14.10.2010).
2. . 2/91778/0023/31122010 ( 122/2011)

4102007
250 .

.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 . 2187/1994
( 16/8.2.1994).
5. 90 & 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 (
141/17.8.2010)
( )
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,
( 370/
/5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408/ 73.12.2009), :
1.
249.999.999,97,
33 . 3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
250.000.000,00
. 2/91778/0023 /3112
2010 ( 122/2011)

4102007
250 .
.
3.

150.000.000,01

99.999.999,96.
4.
1112011
9102017.
5.

:
( )
9102011
35.714.285,71
9102012
35.714.285,71
9102013
35.714.285,71
9102014
35.714.285,71
9102015
35.714.285,71
9102016
35.714.285,71
9102017
35.714.285,71
3841
6.
(0,07)

0,01.
7.
4,675%
.
8.
9/10 .
9.
,
(0,01),

(Act/Act),

.
10. 1112011
9102011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

15.
.
16.
, 111
2011
,
3.041.952,05 0,04
.
0,01.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2017,

.

.
, 10 2011

3842
( )
. 2/2294/0023/
(3)
,

444.000.000,01.

:
1. 33 .3889/2010
,
,
( 182/14.10.2010).
2. . 2/91779/0023/31122010 ( 122/2011)

142008
444 .

.
3. 31 32 . 1914/1990

,
( 178/17.12.1990).
4. 1 . 2187/1994
( 16/8.2.1994).
5. 90 & 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 (
141/17.8.2010)
6. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
7. . 51/512011

.
8. . 2/4627/0023/25.01.2001

, ,

( 370//5.4.2001).
9. .. 185/2009
( 213/7.10.2009).
10. . 2672/3122009

( 2408//3.12.2009),
1.
444.000.000,01,
33 .3889/2010
, ,
( 182/14.10.2010)
. 51/512011
(),

.
2.

3092010
444.000.000,00
. 2/91779/0023/31122010
( 122/2011)
14
2008
444 .
.
3.

244.000.000,02

199.999.999,99.
4.
1112011
342018.
5.

:
( )
342012
63.428.571,43
342013
63.428.571,43
342014
63.428.571,43
342015
63.428.571,43
342016
63.428.571,43
342017
63.428.571,43
342018
63.428.571,43
6.
(0,07)

0,01.
7.
4,59%
.
8.
3/4 .
9.
,
(0,01),

(Act/Act),

.
10. 1112011
342011
11. ,
(ISIN).
12. ,
100% .
13.

,
.
,

T.A.R.G.E.T.
14.
,
(....), (O.T.C.)

3843
( )
15.
.
16.
, 111
2011
,
15.633.665,75 0,01
.
0,02.
17. . 2/4627/0023/25.01.2001

,
,
( 370//5.4.2001).

2011 2018,

.

.
, 10 2011
9. . 240102/95 ( 55 /30.1.95)

, .
.
. 249790/98 ( 420 76.5.98)

IV,
.
. 281554/01 ( 413 /11.4.01)
249790/98

V,
.
. 168910/06 ( 801 /372006)

20062010,

152006 31122010
III ( ).
10.

.
11.

, :
. 124740

(4)

,
:
1. 24 . 4 . 1558/85 ( 137
/26.7.1985)
2. 90
,
.. 63/2005

( 98//2005).
3. .. 96/2010 ( 170 A/28.9.2010)
, ,

.
4. .. 127/2010 ( 214 /20.12.2010)
,
,
, ,
,
, .
5. 1 . 4 . 1740/87 (
221/14.12.1987)
, ,
.
6. . 2040/92 . 8 . 2 ( 70 /23.4.1992)

.
7. .. 324/94 ( 174/24.10.1994)
.
8. . () 1626/94

.

142011 31122015 :
II:

,
,
( ).
:
= 38 45
= 25 00
= 36 46
= 2745
= 36 57
= 26 13
= 35 56,5
= 2810,5
2.

(5)
.
3.

.
2
1.
,

. 1740/87 ( 221/14.12.87), .. 324/94 (
174/24.10.94)
.

,
,

:
3871
. 241
11 2011

&
,
...................................................................................................
(reopening)

, 3112011 ........

....................................................................................................
,
, 1%,

. 49 . 4 . 3871/2010 ..

27/01/2011 ( 1.192.000,00) .........................................................

31/01/2011
( 4.000.000,00). ............................................

31/12/2011......
4
5
. 2/88360/0022
(1)

& ,
.

:
1. 90 .. 63/2005 (
98//2242005)
.
2. .. 402/1988
& ,
( 187 ).
3. . 3 2 .
2685/1999 ( 35//18299)

. 3833/2010 ( 40//15310)

,
49 . 3871/10 ( 141/).
4.
.
5. . 2672/3122009
,
..
6. . 2/23847/0022/2911999 ( 679//99)
2/66700/0022/3081999 ( 1884//181099)

, .
7.

, 2.250.000 , 0711,
0713, 0716, 0717, 5311, 5323, 5329, 5423, ....
711 731
711 731, :

&
, ,

(, , ..),
,
, , :
1. 60 .
2. , ,
60 .
3.
40 .
4. . 01
60 .
5. . 03
60 .
6. . 04
60 .
( )
. 2/9476/0023
(2)
(reopening)

, 3112011.

:
1. 27 . 3867/2010
,
,

( 128 /3.8.2010)
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12
. 2198/1994
,

( ) ( 43 A /22.3.1994).
5. 90 & 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
6. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151/6.7.1999).
9. . 2842/2000
() 1103/97,
974/98 2866/98 ,
. ( 207 /27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

3873
,
. ,
.
13. . 2/78600/0023/16112010 ( 1805/
/2010) ()
,
,

,
,
.
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
, .
16. 2712011
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 3112011,
(3) ,
, ,
22122010,

.
2.

, ,

(276.953.546,24), 2712011

, ,
. .
.
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128
/3.8.2010).
3874
( )
4.

:
) 2007,
,
,

(59.009.969,72),
22/12/2010 22/12/2011
ISIN: GR0326041242.
) 2008,
,
,
,
(117.789.200,97),
22/12/2010 22/12/2012
ISIN: GR0326042257.
) 2009,
,
, ,

(100.154.375,55), 22/12/2010
22/12/2013 ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010
,
,
. 2/4627/0023/25.01.2001
,
, .

2011, 2012 2013

.

.
, 28 2011

. 2/90655/0022
(3)

,

:
. :
1. 40 . 849/1978,
8 . 2129/1993.
2. . 3 14 . 2328/1995

,
. ( 159//3.8.1995).
3. . 6 1 2
. 3242/2004
,
( 102//24.5.2004).
4. . 2 3 12 . 3444/2006

,
(
46//2.3.2006).
5. . 3839/2010

(....)
( 51//29.3.2010).
6. . 3469/2006 ,
( 131/
/28.6.2006)
7. .. 258/1993

( 112// 30.6.1993),
.
8. .. 137/1996

( 107//10.6.96).
9. 90 .. 63/2005

( 98//2005)
10. .. 187/2009 ( 214//7.10.2009)

11. . 2 . 1 .. 96/2010
,
,

( 170//28.9.2010)
. .. 98/2010
, ,

,
( 172//30.9.2010)
. /. 1/2/22993/29.10.2010 ( 1717//2.11.2010)

,

. . 2672/3.12.2009

( )

( 2408//3.12.2009).
. . 29192/2008/26.11.2008

,

( 2457//2.12.2008)

1411//15.7.2009
.
(28.000,00)
(140.000,00)
,
0343
0353

.
. . 2/68023/0020/1.11.2010

,

.. . ,

, :

(1.800,00)
(22.600,00) .
, ,

,
,
,

.

. 3833/2010, 3845/2010
3899/2010.

.
, 27 2011

,

F
. 2/10210/0023
(4)
,
, 1%,

. 49 . 4 . 3871/2010.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3875
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12 . 2198/1994
,

(
) ( 43 /22.3.1994).
4. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141 /17.8.2010).
5. 11 .2459/1997

( 17 /18.2.1997),
9 . 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003(
76 /2003).
6. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
7. . 2628/1998

(....)
( 151 A /6.7.1999).
8. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
9. 2/4627/0023/25012001 ( 370//2001)
,

, .
10. 4 . 4 . 3717/08
( /239/2008)
49
. 4 . 3871/2010
.. ( /141/2010).
11. . 1469/30122010 059/2612011
..,
.
12. .. 185/2009
( 213 /7.10.2009).
13. . 2672/3122009

( 2408 /3.12.2009).
14.
,

,
:
1.

3876
( )
, ,
( 139.430.089,87),
059/2612011
..
. 3717/08 4
49 .
4 . 3871/10.
2.

,
, 4
. 4 . 3717/08
49 . 4 . 3871/10.
3. ,
1% ,
4. ,
(ISIN) GR0106003792.
5. 31/1/2011
30/06/2012.
6.
100% .
7.
(0,01).
8.
1%

31/1/2011 () 30/6/2012 (
), (long coupon).
9.
(0,01),


.
10.
.

.
,

TARGET.
11.
,
(. AT.), (O.T.C.)

12.
..,
.
13.
...
14. .
2/4627/0023/25.01.2001 ,

( 370//2001)

2012,

.

.
, 31 2011

F
. 2/8568/0023
(5)

27/01/2011 ( 1.192.000,00).

:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12 . 2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 A/18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/11184/0023/1322009
17.02.2009
, ,
, , 20.03.2012.
13. . . 162/24012011 ....
,
:
3877
( )
,
27012011,
,
, (
1.192.000,00),
.
ISIN
GR0110021236
20/3/2012
4,30%
1.192.000,00
93,80
1.118.096,00
43.953,78
1.162.049,78
(1.162.049,78)
27012011
, , , . 26132462.

.

, 25 2011
(1.162.049,78),

1.118.096,00 , 43.953,78
.

F
. 2/9258/0023
(6)
31/01/2011
( 4.000.000,00).

:
1. 1 . 2187/94 ( 16/8.2.1994).
2. 5 12 . 2198/1994 ,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90
, ( 178/17.12.1990).
4. 11 . 2459/1997 (
17 A/18.2.1997), 9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 ( 151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95
( 247//27111995), . 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997 ,
... ( 286//10.4.1997).
8. . 2/4627/0023/25012001 ,
, ( 370/542001).
9. . 2628/1998
(....) ( 151 /6.7.1998).
10. .. 185/2009 ( 213/7102009)
11. . 2672/3122009
( 2408//3122009).
12. . 2/6338/0023 /2912008 1.2.2008
, , , , 20.03.2011.
13. . . 172/26012011 .... , :
, 31012011,
, ( 4.000.000,00),
.
ISIN
. .
GR0110019214 20/3/2011 3,80%
/ .
4.000.000,00 99,750
3.990.000,00
132.010,96
4.122.010,96
31012011 ,
,
( 4.122.010,96), 3.990.000,00
, 132.010,96 .
.
, 27 2011

4431
. 276
22 2011
. 2/7252/0023A
(1)

25/1/2011.

25/1/2011. .

21/1/2011. ..
(reopening)

, 2412011........
(reopening)

, 2712011. .......
TR
2011. ...........
55/2009
(..)

. ...........................................................................................
42/2010

. ..........................................................................................................
,

,
1/01/2011 30/6/2011.......................
1
2
4
5

. . 48393/26344/
22102010
. ........................................................................ 9

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 . 2198/
1994
,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999)).
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
( )

.
, 19 2011

F
. 2/7248/0023
(3)
(reopening)

, 2412011.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010).
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12 . 2198/
1994
,

( ) ( 43 A/22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
6. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
4433
11. . 2/67498/0020/12102010 (1631//2010)

,
.
12. . 2/69404/0023/19102010 (1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 2012011
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 2412011,
(3) ,
, ,
22122010,

.
2.

,
,
(174.725.024,32), 2012011

, ,
..
.
3.
,
2007, 2008
2009, 27

4434
( )
. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

(35.520.514,19),
22/12/2010 22/12/2011 ISIN:
GR0326041242.
) 2008,
,
, ,

(69.562.182,91), 22/12/2010
22/12/2012 ISIN: GR0326042257.
) 2009,
,
, ,

(69.642.327,22), 22/12/2010
22/12/2013 ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010

,
, .
2/4627/0023/25.01.2001 ,
,
.

2011, 2012 2013

.

.
, 21 2011

F
. 2/8435/0023
(4)
(reopening)

, 2712011.

:
1. 27 . 3867/2010
,
,

( 128 /3.8.2010)
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12
. 2198/1994
,

( ) ( 43 A/22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
6. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
EYP. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
( )
12. . 2/69404/0023/19102010 (1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 2412011
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 2712011,
(3) ,
, ,
22122010,

.
2.

, ,
(381.233.700,83),
2412011
,
,
.. .
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4435
4.

:
) 2007,
,
,

(64.471.265,47),
22/12/2010 22/12/2011 ISIN:
GR0326041242.
) 2008,
,
,
,
(165.359.455,30),
22/12/2010 22/12/2012 ISIN:
GR0326042257.
) 2009,
,
,
,
(151.402.980,06),
22/12/2010 22/12/2013 ISIN:
GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010

,
, .
2/4627/0023/25.01.2001 ,
,
.

2011, 2012 2013

.

.
, 25 2011

4781
. 308
22 2011

16/02/2011. ..............................................................................................
1

,
..
....
, 2011.......................................................... 2

.
.
. ........................................ 3
. 2/14996/0023
(1)

16/02/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 /17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408/ 73122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 2/6338/0023/2912008
1.2.2008
, , ,
, 20.03.2011 ( 267 /2008).
15. . 3861/2010

,

. ( 112 /2010).
16. . . 273/11022011 ....
,
:
,
16022011,
,
( 55.000.000,00),
.
4782
( )
ISIN
GR0110019214
20/03/11
3,80%
11.000.000,00
99,92
10.991.200,00
381.353,42
11.372.553,42
GR0114019442
20/08/11
3,90%
28.000.000,00
98,38
27.546.400,00
538.520,55
28.084.920,55
GR0124015497
18/05/11
5,35%
16.000.000,00
99,78
15.964.800,00
642.586,30
16.607.386,30
54.502.400,00
1.562.460,27
56.064.860,27
55.000.000,00
16022011 ,
,
( 56.064.860,27),
54.502.400,00 , 1.562.460,27 .
.
, 14 2011

F
. 728/41
4. . 17064/1412011
(2)

, . 58/23122010
.. .... .
5. ...

2522 2522 ..
, 2011.
2011 , 558.000,00.

,

:

:

1.
, ..
. ./ 63/2005 ....

( 98/).
2011, , :
. ./ 368/1989
. ,
( 163/),
.
. ,
. . 678/77 , ,
, ,
( 246/), ,
, ,
.
. 7 . 1915/90 ,
, ....
( )
(

186/),

1 . 1 . 2091/92 (

180/), 5 . 2224/94 ( 112/)
.
12 . 3667/2008 ( 114/).
. ,
. 20 . 2224/94, , :
21 . 2639/1998,
. ....
, 10.001
(... 205/).

2. . 2876/7102009

( 2234/).
3. . 20854/54/20102010 .
. .... ,

..
60.000,00 ,
.
(... 1673/).
4785
. 309
22 2011

.............................................................................
1
(reopening)

, 1012011. ................................... 2

. 1 10 . 3844/2010. ................ 3

24 , 2011. ...................... 4

. ............................................................................................. 5

MANIDIPINE/RKG. .......................................................... 6

VALSARTAN/GENERICS. ......................................... 7

MONACE PLUS ............................................................... 8

DUTASTERIDE + TAMSULOSIN HCL/
GLAXOSMITHKLINE ...................................................................... 9

FENOFIBRATE/TEVA .................................................. 10

FUNGSTER ......................................................................... 11

EXCEDRIN ........................................................................... 12

CEHADO ............................................................................... 13
. 2/86033/0022

.
(1)

,
KAI
:
1. 21 . 3811/2009
( 231//18122009)
2. . 13/2008 ( 32//2122008)

1 (),

,
52
.
3. . 2672/3122009 ( 2408//2009)

, . .
4.
,
(80)
,
.
5.
24 .
6.
53.000

, ,
:

4786
( )
()

,

,

.

.
, 12 2011

F
. 2/1568/0023
(2)
(reopening)

, 1012011.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010)
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43 A/22.3.1994).
5. 90 & 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
6. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
13. . 2/78600/0023/16112010 (1805/
/2010) ()
,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 512011
,
, .
. .
17. .. 185/2009
( 213 /7.10.2009).
18. . 2672/3122009

( 2408 /3.12.2009).
19.
,

,
:
1. (reopening) 1012011,
(3) ,
, ,
22122010,

.
2.

,
(695.590.034,09),
512011
( )
,
, .
. .
3.
,
2007, 2008
2009, 27

. 3867/2010
,
,

( 128 /3.8.2010).
4.

:
) 2007,
,
,

(158.224.610,08), 22/12/2010
22/12/2011 ISIN: GR0326041242.
) 2008,
,
,
,
(291.180.607,80), 22/12/2010
22/12/2012 ISIN: GR0326042257.
) 2009,
,
,
,
(246.184.816,21),
22/12/2010 22/12/2013 ISIN:
GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
(....), (O.T.C.)

8.
0,0375%
,

.
9. .
2/88952/0023/22122010

,
, .
2/4627/0023/25.01.2001 ,
,
.
4787

2011, 2012 2013

.

.
, 7 2011

F
. 157/24/9.1
(3)

. 1 10 . 3844/2010.

,

,

:
1. 90
,
.. 63/2005 ( 98/
/22.4.2005)
2. 229/86 ( 96/)

396/89 ( 172)
189/95
( 99/)
396/89.
3. .. 27/1.2.96 ( 19/96) .. 185/2009
( 213//710 2009)
,

,
,
,

.
4. 81 . 1892/1990
(
101/).
5. .. 284/1988
(128/), .
6. .. 178/2000
(165/) .
7. .. 185/2009
,
.... (213/)
8. .. 189/2009
( 221/),
. 24/2010 ( 56//2010).
4949
. 322
28 2011

25/02/2011 ..............................................................................................

(91)
,
2011. ............................................................................................................

(1)
2011. .....................
. 5/
/29/16027/06.08.2010
( 1403/06.09.2010),
5//29/.26884/15.12.2010
( 1963/21.12.2010) 5//29/.
2036/31.01.2011 ( 302/2222011)

.........................................................................................

(...). ...............................

. ............................................................................................................
. 2/18169/0023
(1)

25/02/2011

:
1. 1 . 2187/94
(16/8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 A/18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010
( 141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/2501 2001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).
4950
( )
14. . 2/6338/0023/2912008
1.2.2008
, , ,
, 20.03.2011 ( 267 /2008).
15. . 3861/2010

,

. ( 112 /2010).
16. . . 338/22022011 ....

, :
,
25022011,
,
( 34.000.000,00),
EFG EUROBANK ERGASIAS,
.
ISIN
GR0110019214
20/03/11
3,80%
1.000.000,00
99,970
999.700,00
35.605,48
1.035.305,48
GR0124015497 18/05/11
5,35%
26.000.000,00
99,950
25.987.000,00
1.078.501,37
27.065.501,37
GR0114019442
3,90%
7.000.000,00
98,615
6.903.050,00
141.361,64
7.044.411,64
33.889.750,00
1.255.468,49
35.145.218,49
20/08/11
34.000.000,00
25022011 EFG
EUROBANK ERGASIAS, ,
( 35.145.218,49),
33.889.750,00 , 1.255.468,49 .
.
, 24 2011

F
. 2/13146/0022
(2)

(91)
, 2011.

:
1. 56 . 3086/2002

.
2. 16 . 3205/2003
,
.... ,
,

( 297//231203)
. 6 . 3833/10 ( 40//15310).
3. 90 .. 63/2005

( 98/).
4. . 2672/3122009 ( 2408/)

.
5. . 2/67009/0004/11102010 ( 1668/)

,
,
/
.
6. . 17646/322011
,

...

7.

71.000 ,
23630, 0511
2011, :

(91)
... .
(20) ,
142011 30062011
1102011 31122011.

,
,
.

.
E
.
, 24 2011

F
. 2/13144/0022
(3)

(1)
2011.

:
1. 56 . 3086/2002

.
4957
. 323
1 2011

,

........................................................................................
1
2

22.2.2011 ................................................................................................... 3

.. 3
. 770
(1)

,
.

:
1 . . 6 74
90
,
. 63/2005 ( 98).
2. 311/2522011

( 47/2822011).
3. . 2/2011 .. ( 5).
4.

, :

,
,
:
1. :
)

. 77
, (
.. 63/2005),
)

. 77 ,
)

.
77 ,

,
)
77 ,
)
,

. 77
,
,
)
,
) ,
, ,

,
,
2.
:
) ,

,
) ,
,
4959
( )
. 2/16754/0023
(3)

22.2.2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 .1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682 /99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
ISIN
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408/ 73122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).
14. . 2/6338/0023/2912008
1.2.2008
, , ,
, 20.03.2011 ( 267 /2008).
15. . 3861/2010

,

( 112 /2010).
16. . . 326/17022011 ....
,
:
,
22.2.2011,
,
( 8.000.000,00),
.
99,95
999.500,00
35.293,15
1.034.793,15
98,56
6.899.200,00
139.117,81
7.038.317,81
7.898.700,00
174.410,96 8.073.110,96
. .
GR0110019214 20/03/11
3,80%
1.000.000,00
GR0114019442 20/08/11
3,90%
7.000.000,00
: 8.000.000,00

22022011
, ,

( 8.073.110,96),
7.898.700,00 , 174.410,96,96
.

.
, 18 2011

F
. 1214
(4) 20 2005

, .
.
2. () . 1974/2006
15 2006

() .
,
1698/2005

(),
:
.
1. () . 1698/2005
3. () . 1975/2006
4965
. 324
1 2011
. 2/16654/0023
(1)
(reopening)

, 21022011.
(reopening)

, 21022011. ................................

. 40844/6681/21.08.2009 ( 1750/
/24.08.2009),

20072013 . ................................... 2

..
/

:
1.

(/
). ......................................................................................................... 3
.. .1/2.1/244/6/5.1.2011
,

, (
54/26.01.2011)

20072013. ...................... 4

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010).
2. 31 32 . 1914/1990

,
( 178 /17.12.1990).
3. 1 . 2187/1994

( 16 /8.2.1994).
4. 5 12
. 2198/1994
,

( ) ( 43 A/22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
4966
( )
6. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 (
76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//
2010) ,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
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,
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16. 1722011
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) 2008,
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22/ 12/2010 22/12/2012 ISIN:
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5
100% .
6
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.
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,
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.

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,

90
,
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20072013 ( 267//3122007)
.
3. . 46500/ 1914/13102010 ( 1642
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,

,
.
4. .. 89/2010 ,
( 154//2010),
186/2009
( 213//7.10.2009)
187/2009 (
214//7.10.2009).
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5. .. 185/2009 ( 213//7.10.09)
,

,

6. 3850/
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8. () 1828/2006
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() 1080/2006

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9. 87, 88 89
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7 1998 92
93

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( . C83
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12. . C(2009) 5729/15.07.09

304/2009.
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15. . . 14053/1749/27.3.2008 ( 540)
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16. (2007) 6015/29.11.2007

() (
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5079
. 337
2 2011

26
11/02/2011

..........................................................................................................
1
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, 07022011 ... 2

26
11/02/2011 . ............................ 3

08/02/2011. ............................................................................................. 4
. 2/12332/0023
(1)

26 11/02/2011

.

:
1. 31 32 .1914/1990

,
( 178 /17.12.1990).
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12
.2198/1994
,

( ) ( 43 /22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997),
9 .2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...
( 76 /2003).
5. .2842/2000

() 1103/97, 974/98 2866/98 ,
, ( 207
/27.9.2000).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.05.2001).
11. . 2/91001/0023/ /29122010

.
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

5080
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( 2408 /3.12.2009).
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. 2/12132/0023
(2)
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, 07022011.

:
1. 27 . 3867/2010
,
,

( 128
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5081
2. 31 32 .1914/1990

,
( 178 /17.12.1990).
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( 16 /8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43 A /22.3.1994).
5. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
6. 11 .2459/1997

( 17 /18.2.1997), 9
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7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. .2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
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10. . 2/4627/0023/25012001 (370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
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12. . 2/69404/0023/19102010 (1673/
/2010) ()
,
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16. 322011
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17. .. 185/2009
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(15.696.598,14),
22/12/2010 22/12/2011 ISIN:
GR0326041242.
) 2008,
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,
,
(39.591.476,97),
22/12/2010 22/12/2012 ISIN:
GR0326042257.
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,
,
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(51.271.834,43),
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GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
,
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8.
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,

.
9. .
2/88952/0023/22122010

,
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,
.

2011, 2012 2013

.

.
, 4 2011

F
. 2/13094/0023
(3)

26 11/02/2011
.

:
1. 31 32 .1914/1990

,
( 178 /17.12.1990).
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( )

( 16
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3. 5 12 .2198/1994
,

(
) (43 /22.3.1994).
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( 17 /18.2.1997),
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37 . 3130/2003(
76 /2003).
5. .2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995)
64 ,
38 .3871/2010 (
141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/82
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.5.2001).
11. . 2/91001/0023/ /29122010

.
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . 244/4022011 ....

8/02/2011
.
5083
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,
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, 11
2011 12
2011.

, . ,
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360
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. 2/12884/0023
(4)

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:
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( 16/8.2.1994).
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,

(
) ( 43/22.3.1994).
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,
( 178/17.12.1990).
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( 17 /18.2.1997),
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151//1998) 31 . 2682/99
( 16/1999).
6. 64, 90 91 . 2362/95

( 247// 27111995),
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, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
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( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/6338/0023 /2912008
1.2.2008
, , ,
, 20.03.2011 ( 267 /2008).
13. . . 241/03022011 ....
,
:
,
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,
( 2.000.000,00),
.
ISIN
GR0110019214
08/02/2011
20/03/11
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.
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5115
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, 2.2.2011. ..............................................

..................

1.2.2011. .............................................................................................................

. ...............................................................................................................

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. ...............................................................................................................
. .............................
. .............................
1
2
3
4
5
6
7
8

. 6991/7.9.2010
........................................................... 9
. 2/10318/0023
(1)
(reopening)

, 2.2.2011.

:
1. 27 . 3867/2010
,
,

( 128//
3.8.2010).
2. 31 32 . 1914/1990

,
( 178//17.12.1990).
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( 16//8.2.1994).
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,

( )
( 43//22.3.1994).
5. 90 91 . 2362/1995
,
... ( 247//27.11.1995) 64
,
38 . 3871/2010 ( 141//17.8.2010).
6. 11 . 2459/1997
(
17//18.2.1997), 9 .
2579/1998 ( 31//17.2.1998),
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7. . 2021180/2981/0023/31.3.1997
,
...
( 286 /10.4.1997).
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(....)
( 151//6.7.1999).
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() 1103/97,
974/98 2866/98 ,
. ( 207//27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 (1631//2010)
,
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12. . 2/69404/0023/19102010 (1673//2010)
() ,

,
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13. . 2/78600/0023/16112010 (1805//2010)
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,
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14. 7122010
,

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15. . 2/88952/0023/22122010

,
, .
16. 31012011
,
,
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17. .. 185/2009
( 213//7.10.2009).
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( 2408 /3.12.2009).
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22122010,
.
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27

. 3867/2010 ,
,

( 128//3.8.2010).
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,
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(29.629.758,59), 22/12/2010
22/12/2011 ISIN: GR0326041242.
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,
,
,
(53.644.045,29), 22/12/2010
22/12/2012 ISIN: GR0326042257.
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,
, ,

(56.256.265,89), 22/12/2010
22/12/2013 ISIN: GR0326043263.
5.
100% .
6.
.

.
,

T.A.R.G.E.T.
7.
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(....), (O.T.C.)

8.
0,0375%
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.
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2/88952/0023/22122010
,
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. 2/4627/0023/25.01.2001
,
, .
:

2011, 2012 2013

.

.
, 1 2011

F
.: 2/10951/0026
(2)

.

:
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) 26 . 2362/1995
,
(.247), 26
. 3871/2010 (.141).
) . 2322/1995

(. 143).
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.. 63/2005

(.98).
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( 16),
. 2/8174/0025/2008 (.308) .
3. . 2672/3122009

. (.2408)
5245

. 355
8 2011

16/2/2011 ..

15/02/2011. ..............................................................................................
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1
2
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5
6
. 2/15034/0023
(1)

16/2/2011.

:
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( 16/1994).
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2198/1994
,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
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( 17 A/1997), 9
. 2579/1998 ( 31 /1998).
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/1998) 31 . 2682 /1999
( 16/1999) ).
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,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
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, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2/89260/29.12.2000
&
( 615 /2001).
10. 1 . 2628/1998

(....) ( 151 /1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/4457/0023/18012011,

, 13
21/1/2011 26/4/2011.
15. . 273/1122011 ....
, :

,
(
8.000.000,00) 16022011,
:
ISIN
GR0000081811 21/1/2011 26/4/2011 8.000.000,00 99,19% 7.935.200,00 64.800,00
5246
( )

( 7.935.200,00).

.
, 14 2011

F
. 2/14369/0023
(2)

15/02/2011.

:
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( 16/8.2.1994).
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2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 /17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999) ).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 2/6338/0023/2912008
1.2.2008
, ,
, , 20.03.2011 ( 267
/2008).
15. . 3861/2010

,

. ( 112 /2010).
16. . . 268/10022011 ....
,
:
,
15022011,
,
( 58.000.000,00),
:
ISIN
GR0110019214
GR0114019442
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20/03/11
20/08/11
18/05/11
3,80%
3,90%
5,35%
28.000.000,00
2.000.000,00
28.000.000,00
99,94
98,40
99,75
27.983.200,00 967.802,74 28.951.002,74

1.968.000,00
38.252,05
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57.881.200,00 , 2.126.476,71
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, ,
.

, 11 2011

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5253
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8 2011
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(1)

RAM
MEDIA, 5.659.677,67.

RAM MEDIA, 5.659.677,67. ...........

21/02/2011. ..............................................................................................

18/02/2011

18/02/2011. ..............................................................................................

2011. ...........................................................................................
31/03/2016
11 & ST40,
SF60 & F4, 8 J10 SMITH METER
. ............................................................................................

2011. ...

2
3
4
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,
........................................................................................ 8
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, ......................................... 9
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............................................................................. 10
:
1. 28 . 3871/2010
( 141 /17.8.2010).
2. 90 91 . 2362/1995
,
( 247 /27.11.1995)
64 ,
38 . 3871/2010 (
141/17.8.2010).
3. 842009
. .
4. 2262009
. .
5. .. 185/2009
( 213/7.10.2009).
6. . 2672/3122009

( 2408/ 73.12.2009)
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, :
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( 5.659.677,67)

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5254
( )

, 842009 226
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RAM MEDIA
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(B 195/1122011) .

2011 .

.
, 23 2011

F
. 2/16441/0023
(2)

21/02/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 A /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/
99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286/B/10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 2/6338/0023/2912008
1.2.2008
, ,
, , 20.03.2011 ( 267
/2008).
15. . 3861/2010

,

. ( 112 /2010).
16. . . 312/16022011 ....
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:
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21022011,
,
( 18.000.000,00),
.
ISIN
GR0110019214
20/03/11
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5.000.000,00
99,95
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18/05/11
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10.000.000,00
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20/08/11
3,90%
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18.000.000,00
4.997.500,00
175.945,21
5.173.445,21
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9.992.000,00
408.945,21
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2.953.500,00
59.301,37
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5255
( )

21022011
, ,

( 18.587.191,79),
17.943.000,00 ,
644.191,79 .

.
, 17 2011

F
. 2/16275/0023
(3)

18/02/2011

:
1. 1 . 2187/1994
(16/1994).
2. 5 12 . 2198/
1994
,

( ) (43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A /1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682
/1999 ( 16/1999)).
6. 90 91 . 2362/1995
,
ISIN
GR0000082827
18/2/2011
20/5/2011
... ( 247 /27.11.1995) 64

,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260/29.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A /1998).
11 .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

( 112 /2010).
14. . 2/14394/0023/15022011,

, 13
18/2/2011 20/5/2011.
15. . . 307/15022011 ....
,
:

,
( 16.000.000,00)
18022011,
:
ONOM.
16.000.000,00
.
98,92%

15.827.200,00
.
172.800,00

( 15.827.200,00).
.
, 17 2011

F
. 2/16150/0023
(4)
18/02/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12
. 2198/ 1994
,

( ) (
43/22.3.1994).
5256
( )
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. .2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
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13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010
.
,

. ( 112 /2010).
15. . . 307/15022011 ....
,
:
,
18022011

( 35.000.000,00),
:
GR0110019214
20/03/11
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13.000.000,00
99,95
12.993.500,00
453.397,26
13.446.897,26
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9.000.000,00
98,43
8.858.700,00
. 175.019,18
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12.981.800,00
525.912,33
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, 17 2011

F
. 2907
(5)

2011.
,

:
1. :
. 26 . 2 43 . 5 .. 2190/20
, ( 37/63).
. .. 63/2005
( 98).
. .. 27/96
,
, ( 19).
. 59/96

( 51).
. .. 397/88
,
( 185).
2. 9077//1442003

( . 502/2442003)
.
3. .. 185/2009
,

,
5537
. 368
8 2011
. 6 1035948 2011
(1)

.

. ........................................

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28/02/2011. ........................................................................................... 3
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,

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(...). ............................................ 5

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. 1130
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:
1. :
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, ,
.
1.2. .. 185/2009 (213)
,

,
,
.. 189/2009
(221)
.
1.3. 3034, .. 356/1974 (90),
, .
1.4. 15, . 1, . 3888/2010 (175),
,
,
.
1.5. 67, . 2, . 3842/2010 (58)
,
.
1.6. .. 16/1989, .
1.7. 101
(84/2001).
5538
( )
2.

, 2010.
3.

.
4. . 61111928 2010/3182010

,
(5)
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,

(1389),
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5. . 61141555 2010/26102010

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.

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, 2 2011

F
. 2/18458/0023
(2)

28/02/2011.

:
1. 1 . 2187/1994
( 16 /1994).
2. 5 12
. 2198/1994
,

( ) ( 43 /1994).
3. 31 32 . 1914/1990

,
( 178 /1990).
4. 11 . 2459/1997

( 17 A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16 /1999)).
6. 90 & 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
5539
( )
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260/29.12.2000

( 615 /2001).
10. 1 . 2628/1998

(....) ( 151 A /1998).
11. .. 185/2009
( 213 /2009).
12. . 2672/3122009

( 2408 /2009).
ISIN
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/12332/8022011,

, 26
11/2/2011 12/08/2011.
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:

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, 25 2011

F
. 2/18215/0023
(3)

28/02/2011.

:
1. 1 . 2187/94
( 16 /8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43 /22.3.1994).
3. 31 32 . 1914/90

,
( 178 /17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16 /1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213 /7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/6338/0023 /2912008
1.2.2008
, , ,
, 20.03.2011 ( 267 /2008).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 351/23022011 ....
,
:
5825
. 389
14 2011

14/2/2011. .

..
950.000.000 ....................................

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(reopening)

, 14022011. ...............................

.......................................................................
2
3
. 2/14697/0023
(1)

14/2/2011.

:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682/
1999 ( 16/1999).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. &
. 2/89260/29.12.2000
( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A/1998).
11 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/12332/0023/8022011,

, 26
11/02/2011 12/08/2011.
15. . . 264/922011 ....
, :

,
(
8.000.000,00) 14022011,
:
5826
( )
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GR0002080431
11/02/11
12/08/11
8.000.000,00
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7.812.000,00
188.000,00

( 7.812.000,00 ).
.
, 14 2011

F
A. 2/3404/0025
7. . 06/03022011
(2)
5 . 2322/1995.
8. . 2139/2122008

.. (

950.000.000 .
)

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1. :
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.
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10. . 59181/2585/24122010 ( 2015/
/24122010)
.. 63/2005 ( 98 ).
30062011.
() . 185/6.10.2009
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,
25 .
,
12. . 665/2630/10012011 ( 5//
10012011) ,
, :
,
.

..,
950.000.000 ,
(
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()
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.

2672/03.12.2009

(
2408/03.12.2009).
.
2. . 54201/ 2884/26.11.2008
,

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( 2471 ).
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( 140 ).
.
4.
:

.. ,
. 40.
(2008/C 270/02).

5. . 560/ . 3156/2003 , 10.02.2011,
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6. 11012011 950.000.000 ,
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.
(Final Terms) 01.02.2011,
5828
( )

.
, 14 2011

F
. 2/14315/0023
(4)
(reopening)

, 14022011.

:
1. 27 . 3867/2010
,
,

( 128
/3.8.2010).
2. 31 32 .1914/1990

,
( 178 /17.12.1990).
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( 16 /8.2.1994).
4. 5 12 .2198/1994
,

(
) ( 43 A /22.3.1994).
5. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
6. 11 .2459/1997

( 17 /18.2.1997), 9
.2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
8. . 2628/1998

(....)
( 151 /6.7.1999).
9. .2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
10. . 2/4627/0023/25012001 ( 370//2001)
,

, .
11. . 2/67498/0020/12102010 ( 1631//2010)
,
.
12. . 2/69404/0023/19102010 ( 1673/
/2010) ()
,
,

,
. ,
.
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,
,

,
, .
14. 7122010
,

.
15. . 2/88952/0023/22122010

,
,
.
16. 1022011
,
,
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17. .. 185/2009
( 213 /7.10.2009).
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.
5829

2011, 2012 2013

.

.
, 11 2011

F
. 2/13562/0025
(5)

...

:
1) 1
2441/96 ( 256/96)
8.8.96
.
2) .. 284/88
( 128/88).
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.. ( 213/09).
4) . 2/2672/31209, ( 2408/31209)

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5) . 2/67009/0004/111010,( 1668/21.10.10)
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(
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..................................................
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,
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2
3
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5
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. 30/077/330/2011
(1)

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:
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.
2. 1 82
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( 142//25607).
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(
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,
( 178/17.12.1990).
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( 17 /18.2.1997), 9
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5. 15 . 2628/1998 (
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( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
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, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
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(....)
( 151 /6.7.1998).
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( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
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13. . 2/27162/0023/1752006
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( 21.000.000,00),
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04/03/2011....

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9/03/2011.

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,
257 . 2
95 . 5 .3852/2010. ............................................
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. ........................................................................

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2
3
4
8
9
10
11
:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2/89260/29.12.2000

(
615/2001).
6834
( )
10. 1 . 2628/1998

(....) ( 151 A/1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/67066/0023/12102010,

, 26
15/10/2010 15/04/2011 (
1667 /2010).
15. . 2/12332/0023/8022011,

, 26
11/2/2011 12/08/2011.
16. . 2/1976/0023/11012011,

, 26
14/01/2011 15/07/2011 (
23 /2011).
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99,29%

992.900,00
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15/07/11
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98,05%
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( 3.930.800,00).
.
, 2 2011

F
7. . 2021180/2981/0023/31.3.1997
. 2/19761/0023 A
(2)

04/03/2011.
, ..
( 286//10.4.1997).

8. . 2/4627/0023/25.01.2001
:
,
1. 1 .2187/94 ,
( 16/8.2.1994).
( 370/542001).
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9. . 2628/1998
,
(....)
( 151 /6.7.1998).
(
10. .. 185/2009
) ( 43/22.3.1994).
( 213/7102009).
3. 31 32 . 1914/90
11. . 2672/3122009

,

( 178/17.12.1990).
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( 17 /18.2.1997), 1.2.2008
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9 . 2579/98 ( 31 /17.2.98).
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13. . 2/4879/0023/25.1.2001
( 16/1999).
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, ,
( 247//27111995), , , 18/05/2011.
14. . 2/27162/0023/1752006
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141//1782010).
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6835
( )
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, , 20/08/2011 (
695 /2006).
15. . 3861/2010

,

. ( 112 /2010).
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:
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(18.000.000,00),
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HM/NIA
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EUROBANK
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20/03/11
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99,96%
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5.179.671,23
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EUROBANK
ERGASIAS
GR0124015497
4/3/2011
18/05/11
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( 615/2001).
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12. . 2672/3122009
( 17 A/1997), 9

. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
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13. . 3861/2010
( 16/1999).
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(615/2001).
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,
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15/04/2011 ( 445 /2010).
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( 17 A/1997), 9

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( 247//27111995),
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( 370/542001).
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( 2408//3122009).
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( 17 /18.2.1997), 9
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7. . 2021180/2981/0023/31.3.1997

, ..
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,

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,
( 178/17.12.1990).
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,

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,
( 178//17.12.1990).
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( 17//18.2.1997),
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( 151//1998) 31
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( 247//27111995),
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( 286//10.4.1997).
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,
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( 370/542001).
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( 2408//3122009).
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05042011

( 2.000.000,00),
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GR0114019442
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.
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F
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(2)

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:
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( 16//1994).
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,

( ) ( 43//1994).
3. 31 32 . 1914/1990

,
( 178//1990).
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( 17/A/1997), 9
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( 151//1998) 31
. 2682/1999 ( 16//1999).
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,
... ( 247//27.11.1995) 64
,
38 . 3871/2010 ( 141//17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//1997).
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( 173//1957),
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( 81//2.7.1982).
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( 615//2001).
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(....) ( 151/A/1998).
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( 213//2009).
12. . 2672/3122009

( 2408//2009).
13. . 3861/2010

,

( 112//2010).
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, 26
12/11/2010 13/5/2011 (
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, 26
11/03/2011 09/09/2011 (
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(
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2010.
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.
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( 87/
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,

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, ( 150//
04031994),
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18122003, 4223/31032005 4605/13032007
, (
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2.3.2011......................................................................................................

,
. 3299/2004
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( 178/17.12.1990).
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( 17 A/18.2.1997),
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5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
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7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
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( 370/542001).
9. . 2628/1998

(....)
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30/03/2011..............................................................................................

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(1)

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( ) ( 43/22.3.1994).
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,
( 178/17.12.1990).
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( 17 /18.2.1997),
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( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
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( 286//10.4.1997).
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(....)
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11. . 2672/3122009

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, 28 2011

F
. 2/26880/0023
(2)

31/03/2011.

:
1. 1 . 2187/1994
(16/1994).
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,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
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( 17 A/1997), 9
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5. 15 . 2628/1998 ( 151
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( 16/1999).
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995)
64 ,
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7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260/29.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A/1998).
11. .. 185/2009
( 213/2009).
9135
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( 2408 /2009).
13. . 3861/2010

,

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11/03/2011 09/09/2011 (
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18/03/2011. .....................................................................................................

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( 178/17.12.1990).
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( 16/1999).
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( 247//27111995),
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(....)
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, 16 2011

F
. 2/22839/0023

17/03/2011
(2)

:
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( 178/17.12.1990).
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( 247//27111995),
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1782010).
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,
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( 370/542001).
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(....)
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13 .3888/2010.....................................................

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( 247//27111995),
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( 178/17.12.1990).
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6. 64, 90 91 . 2362/95

( 247//27111995),
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( 1.046.610,96),

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(4)
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( 128
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( 178/17.12.1990).
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(
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38 .3871/2010 ( 141/17.8.2010).
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( 17/18.2.1997), 9
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( 286/10.4.1997).
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(....)
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9277
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20 2011
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11/03/2011. ...............................................................................................
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15/03/2011.
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6. 64, 90 91 . 2362/95

( 247 /27111995),
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,
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( )
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10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).

14. . 3861/2010

,
" "
( 112 /2010).
15. . . 451/08032011 ...
. ,
:
,
11032011

( 25.000.000,00),
:
ISEN
ONOM.
GR0124015497
11/3/2011
18/05/11
5,35%
5.000.000,00
99,73%
4.986.500,00
217.664,38
5.204.164,38
GR0114019442
11/3/2011
20/08/11
3,90%
20.000.000,00
98,71%
19.742.000,00
433.808,22 20.175.808,22

11032011
, ,

( 25.379.972,60),
24.728.500
, 651.472,60
.

.
, 10 2011

F
. 2/22878/0023
(2)

15/03/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 .
2198/1994
,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682
/1999 ( 16/1999)).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. &
. 2/89260/29.12.2000
(
615/2001).
10. 1 . 2628/1998

(....) ( 151 /1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

( 112 /2010).
14. . 2/14394/0023 /15022011,

, 13
18/2/2011 20/5/2011 ( 409//18
032011).
15. . . 460/10032011 ....
,
:
9521
. 685
28 2011

17/1112011
. ........... 14
1/2011

254 . 3852/2010. ......... 15

2011,

.........

01/04/2011. .........

2010
.........................................................................................

31/03/2011. ..............................................................................................

Mohammad Nadr Haziz
Fatima .......................................................................................................

Mohammad Nadr Haziz
Fatima .......................................................................................................

Mohammad Nadr Haziz
Fatima .......................................................................................................

Sardan Didawn Hakar
Nazdar ......................................................................................................

Sardan Didawn Hakar
Nazdar. .....................................................................................................

Mohammad Nadr Haziz
Fatima. ......................................................................................................

& ..
. 3299/2004. ...........................................................................
.
. ..,
. 3299/04. ............................................................
(1) ...................................
. 2/15775/0022
(1)

2011,

.
3
4
10
11
12
13

:
1. 16 . 3205/2003
( 297/),
6 . 3833/2010 ( 40/).
2. . 1079/1980 ( 239/./14.10.1980),
.
3. 21 . 4 . 2819/2000
( 84/./15.3.2000)
2004 ..
,
, , ,
, ,
,

,
.
4. //24581/
31.5.1989 ,
. 59 11 .
1881/1990 ( 42/./23.4.1990).
5. .. 186/2009
( 213/4/7.10.2009).
9523
( )
SIN
NOM.
. .
GR0002078419
12/11/2010
13/5/2011
1.000.000,00
99,45%
994.500,00
5.500,00

( 994.500,00).
.
A, 30 2011

F
. 2/23677/0094
(3)

2010
.

:
1. :
) 3 . 1 ./ 3003/1954

( 214 ) 14
. 2 . 2469/1997

( 38 ).
) 22 . 3301/2004
,

( 263 ).
) .. 346/1997

( 238 ).
) 90 .. 63/2005

( 98 ).
2. . 2/58645/0049/3.11.2005

..
.. ( 1705 ).
3. . 2672/3.12.2009

( 2408 ).
4. . 2/23677/16.3.2011
20
.
5.

, :

2010
100%,
70%.

.
, 5 2011

. 2/27330/0023

31/03/2011.
(4)

:
1. 1 . 2187/94
( 16 /8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43 /22.3.1994).
3. 31 32 . 1914/90

,
( 178 /17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16 /1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408 /3122009).
9524
( )
12. . 2/27162/0023/1752006 24/05/2006

, , , , 20/08/2011 ( 695 2006).
13. . 3861/2010
,
. ( 112 /2010).
14. . . 560/29032011 .... ,
:
, 31032011
( 2.000.000,00),
:
ISIN
GR0114019442 20/08/11 3,90%
2.000.000,00 99,53%
.

1.990.600,00
47.654,79
2.038.254,79
31032011
, ,
( 2.038.254,79),
1.990.600,00 , 47.654,79 .
.
, 30 2011

F
(5) 152 . 5 ,
( ),
Mohammad Nadr Haziz Fatima,
Mohammad Nadr Haziz Fatima
, 46 8
. 38/05/2011 : 132590379.

30032011 (1.500 )
. 142 . 2 155 . 2960/01 150 . 1 . 2960/01.
, .. ...
152 . 5 , (2,4%) .

(
), Mohammad Nadr Haziz
Fatima, , 46 60 ....
8

: 132590379.
/

F
(1.500 )
(7)
150 . 1 . 2960/01.
.. ...
(2,4%) .

. 334/05/2011

60 ....
30032011
. 142 . 2 155 . 2960/01

,
152 . 5 ,
/
( ),
F
(6) Mohammad Nadr Haziz Fatima,
, 46 8
.132590379.

. 317/05/2011 (1.500 )
150 . 1 . 2960/01.
30032011 .. ...
. 142 . 2 155 . 2960/01 (2,4%) .
,

9529
. 686
29 2011

14/03/2011. ..............................................................................................
1

15/03/2011. .............................................................................................. 2

(..)

/

( 1 2),
2007 2013 . .................................. 3
. .
266355/11022009

( 594//2009)

() 1234/07
() 361/08,

. ..... 4
. 2/21793/0023

14/03/2011.
(1)

:
1. 1 . 2187/94
( 16//8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43//22.3.1994).
3. 31 32 . 1914/90

,
( 178//17.12.1990).
4. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/98 ( 31//17.2.98).
5. 15 . 2628/1998
( 151//1998) 31
. 2682/99 ( 16//1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151//6.7.1998).
10. .. 185/2009
( 213//7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695//2006).
14. . 3861/2010

,

( 112//2010).
9530
( )
15. . . 456/09032011 .... ,

:
, 14032011
( 47.000.000,00),
:
ISN
HM/NIA
GR0124015497
14/3/2011
18/05/11
5,35%
34.000.000,00
99,80%
33.932.000,00
1.495.068,49
35.427.068,49
GR0114019442
14/3/2011
20/08/11
3,90%
13.000.000,00
98,73%
12.834.900,00
286.142,47
13.121.042,47
14032011 ,
,
( 48.548.110,96),
46.766.900 , 1.781.210,96 .
.
, 10 2011

F
. 2/21951/0023
(2)

15/03/2011.

:
1. 1 . 2187/94
( 16//8.2.1994).
2. 5 12 .
2198/1994
,

( ) ( 43//22.3.1994).
3. 31 32 . 1914/90

,
( 178//17.12.1990).
4. 11 . 2459/1997

( 17/A/18.2.1997),
9 . 2579/98 ( 31//17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/
99 ( 16//1999).
6. 64, 90 91 . 2362/95

( 247// 27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151//6.7.1998).
10. .. 185/2009
( 213//7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/6338/0023/2912008
1.2.2008
, ,
, , 20/03/2011 ( 267/
/2008).
14. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695//2006).
15. . 3861/2010

,

( 112//2010).
16. . . 460/10032011 ...
. ,
:
,
15032011

( 61.900.000,00),
:
9531
( )
ISIN
HM/
GR0110019214
15/3/2011
20/03/11
3,80%
11.500.000,00
99,95%
11.494.250,00
431.013,70
11.925.263,70
GR0124015497
15/3/2011
18/05/11
5,35%
42.400.000,00
99,81%
42.319.440,00
1.870.653,15
44.190.093,15
GR0114019442
15/3/2011
20/08/11
3,90%
8.000.000,00
98,74%
7.899.200,00
176.942,47
8.076.142,47
61.712.890,00
2.478.609,32
64.191.499,32
61.900.000,00
15032011 ,
,
( 64.191.499,32),
61.712.890,00 , 2.478.609,32 .
.
, 11 2011

F
. 448/0052
(3)

(..)

/

( 1 2), 2007
2013 .

:
1. () . 1083/2006
11 2006

,

() . 1260/1999,
1341/2008 . 284/2009.
2. () . 1828/2006
8 2006
() .
1083/2006

,
() . 1080/2006

.
3. () . 1080/2006
5
2006
()
. 1783/1999, .
397/2009.
4. () . 1081/2006
5
2006
() . 1784/1999.
5. () . 1084/2006
11 2006
()
. 1164/1994.
6. () . 1198/2006
27 2006
.
7. () . 498/2007
26 2007
() .
1198/2006
.
8. . 3614/2007 ,

20072013 ( 267//3122007)
15, 16 29, .
3840/2010 ( 53//31.3.2010)
10 . 7.
9. . 2362/27.11.95 ,

( 247//27.11.1995),
104.
10. .. 356/74
( 90//5.4.1974),
, ./ 16/1989
( 6//5.1.1989).
11.
,
./ 63/2005 ( 98//22.4.2005),

90.
12. . 2672/3.12.2009

( 2408//3.12.2009).
13. . 2/49837/0004/2.7.2008

( 15 .
3614/2007) ( 1334//8.7.08)
14. . 2/49840/0004/2.7.2008

: )

, )
10629
. 730
5 2011

23/03/2011 ..............................................................................................

28/03/2011

29/03/2011

24/03/2011

..,
.. . 3299/2004..

. ..
.3299/2004....

..
. 3299/2004

. .
..
. 3299/2004
....

... .. ...,
. 3299/04 ,

...................................................................................

.. ...
..., . 3299/2004,
,
.............

.
..
...
. 3299/04 .............................................................................................
1
2
3
4

.. .
3299/04....................................................................................................
.. 118842/2/179
2008 ( 1984 )
, , .. ............
...

... .............................................

,

(.......) ....................................................................................
. 1/2011 ,
12
13
14
15

.. .................................................................................................. 16

. . 112880/ 44253/
26112010
,
........................................................................................................ 17
. 2/24758/0023

23/03/2011.
:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
(1)
10
11
10630
( )
4. 11 . 2459/1997

( 17 A /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213//7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/5/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

( 112//2010).
15. . . 513/1832011 ....
,
:
,
23032011

(41.000.000,00),
:
ISIN
GR0114019442
23/3/2011
20/08/11
3,90%
9.000.000,00
99,36%
8.942.400,00
206.753,42
9.149.153,42
GR0114019442
23/3/2011
20/08/11
3,90%
20.000.000,00
99,38%
19.876.000,00
459.452,05
20.335.452,05
GR0124015497
23/3/2011
18/05/11
5,35%
11.000.000,00
100,00
11.000.000,00
498.209,59
11.498.209,59
GR0124015497
23/3/2011
18/05/11
5,35%
1.000.000,00
100,00
1.000.000,00
45.291,78
1.045.291,78
40.818.400,00
1.209.706,84
42.028.106,84
41.000.000,00

23032011
, ,

(42.028.106,84),
40.818.400,00 ,
1.209.706,84 .

.
, 21 2011

F
. 2/25836/0023

28/03/2011.
(2)

:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
10631
( )
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408/ 73122009).
12. . 2/6338/0023 /2912008
1.2.2008
, ,
, , 20.03.2011 ( 267
/2008).
13. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
14. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
15. . 3861/2010

,

. ( 112 /2010).
16. . . 520/22032011 ...
. ,
:
,
28032011

( 8.000.000,00),
:
ISIN
GR0124015497
18/05/11
2.000.000,00
100,05%
2.001.000,00
92.049,32
2.093.049,32
GR0114019442
20/08/11
6.000.000,00
99,52%
5.971.200,00
141.041,10
6.112.241,10
8.000.000,00

28032011
,
,

( 8.205.290,42),
7.972.200,00 ,
233.090,42 .

.
, 23 2011

F
. 2/26101/0023
(3)

29/03/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
7.972.200,00
233.090,42
8.205.290,42
4. 11 . 2459/1997

( 17 A /1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682
/1999 ( 16/1999)).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260/29.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A /1998).
11. .. 185/2009
( 213/2009)
12. . 2672/3122009

( 2408 /2009).
10632
( )
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/1976/0023/1112011,

, 26
14.1.2011 15.7.2011 ( 23//2011).
15. . 531/23032011 ....

,
:

,

( 160.000.000,00) 293
2011, :
ISIN
GR0002079425
15/7/2011
160.000.000,00
98,5512%
157.681.920,00
2.318.080,00

(157.681.920,00).

.
, 24 2011

F
. 2/25323/0023
(4)

24/03/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A /1997), 9
. 2579/1998 ( 31 / 1998).
5. 15 . 2628/1998 (
151 /1998) 31 . 2682/
1999 ( 16/1999)).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9.
. 2/89260/29.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151 A /1998).
11. .. 185/2009
( 213/2009)
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

( 112 /2010).
14. . 2/1976/0023/1112011,

, 26
14.1.2011 15.7.2011 ( 23 /2011).
15. . 2/76679/0023 /9112010,

, 26
12/11/2010 13/5/2011 (
1832//2010).
16. . . 518/21032011 ...
. ,
:

,
( 6.000.000,00)
24032011,
:
ISIN
GR0002079425
14/1/2011
15/7/2011
5.000.000,00
98,45
4.922.500,00
77.500,00
GR0002078419
12/11/2010
13/5/2011
1.000.000,00
99,34
993.400,00
6.600,00
5.915.900,00
84.100,00
6.000.000,00
( )

( 5.915.900,00).

.
, 22 2011

F
(5)

.., ..
. 3299/2004.
13713//5/01775//.3299/2004/2932011
,
. 3299/2004

.. ..
, ,

,
, ,

(8.175.000,00 ), 45,00%,

(3.678.750,00
).

(3.627.000,00 ), 45%

(8.060.000,00 )
(51.750,00
), 45%
(115.000,00)
.
(49)
(49 ).
: 25/11/2010.

.

F
(6)

. ..
.3299/2004.
9541 4629.32992004 4.3.2011

,
(7, . 11, 12 . 3299/2004)

. ..

. . .

(1.410.755)

(705.378)
50%
.

10633
(705.377) 50%
.

3.12.2009.
45
1 (45, 5 )
68 (44,6 ME) , .

7 . 15 .32992004 20.1.2011 ( 554).
/

(262.877) .

.

F
(7)

.. .
3299/2004
.
. . 59611//5/03093//.3299/04/2712
2010
,
. 3299/2004

.. ..
, ,

4* ,
, ,

(12.600.000,00) ,
40,317%
(5.080.000,00) .
:
1. 4.300.000 , 43%

10.000.000
2. 780.000, 30%

2.600.000 .

.
: 17122010.

.

(8)
. .
.. .
3299/2004
.
. . 59610//5/01731//.3299/04/2712
2010
,
. 3299/2004 . .
..
10769
. 742
5 2011
,
,

. ..
. 3299/2004 7432/10/4/595//.
3299/04/4032011
.................. 11

26 11/03/2011

. ..........................

26 11/03/2011
.....................................................................

8/03/2011. ......................................

,
. .................................
83708/4154/6122010
( 1998/. /24122010)
. ...............................
, ,

. 3299/2004..........
, ,

. 3299/2004..
, ,

&
. 5 . 4 . 8 . 1 .
3299/2004, . ..........
,, ,

. & ..
. 3299/04 ........................
, ,

. 5 . 4 . 8 . 1 .
3299/2004, ..............
2
3
10
A. 2/20911/0023
(1)

26 11/03/2011

.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997
(
17 /18.2.1997), 9 .
2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
... ( 76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 & 91 . 2362/1995
,
10770
( )
... ( 247 /27.11.1995) 64

,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. .2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10. &
. 2/89260/29.12.2000
( 615
/23.05.2001).
11. . 2/91001/0023//29122010

( 2241 /2010).
12. . 2/91007/0023//29122010

2011 ( 2238 /2010).
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . . 438/4032011 ....

8/03/2011
, :
,
8 2011,
,
,
.
.
1. , ,
26 ,
, 11 2011
9 2011.
2. 360
(ACT/360).
3.

(1.250.000.000,00).
4.
.
5.
.
6.

(10%).

.

.
.
.
1)

(...).
,
8 2011, ,
(....).
,
,

(cut off price).
2)
,
5 .

( 5.000.000)
.

( 1.000.000).
3)

.
4)

( 1.000).
5)
(
).

, 30%
.

.

(cut off price).

.
,
8 2011 12.00
.
6)

8 2011
12:45 ,
(...).
7)
,
( 12:00
10 2011),
,
(cut off price)

30% .

,

,
.
( )

.

12:45 10
2011, ().
8) (Settlement)
11 2011,
.
9)
, ,
.
.

11 2011 (),
,
18 2011, ,
,

,
,
, .
,
..,
(...)
...
(...).

,
ISIN 11
2011 .
,

.

...
.

, ISIN ,
.

ISIN () ISIN (
), .
5 ,
... ...
ISIN
,
,

ISIN ISIN
. .
.

2011,
.
10771

.
, 8 2011

F
A. 2/21178/0023
(2)

26 11/03/2011
.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12 .
2198/1994
,

( ) ( 43 A/22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 & 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/82
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10. &
. 2/89260/29.12.2000
( 615
/23.5.2001).
11. . 2/91001/0023/ /29122010

.
10772
( )
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . . 438/4032011 ....

8/03/2011
.
16.
8 2011, :
,
, 26 ,
11 2011
9 2011.

, . ,
,
360
(ACT/360).
4,75%,

8 2011.

10%
.
(
) ,
..,
(ISIN ).

, , ,

,

8 2011
10 2011.
,
:
... ,
... ,
...,
...,

.
1.000
,
1.000

15.000 .
... ...
1.000 .
, ,
,

, .
,

.
...
.
,
,
ISIN
.

.

ISIN

,

ISIN ISIN .
.

, 0,15%.
...
0,04%.
2/89260/0023/29
122000
( 615 /23.5.2001).

2011,
.

.
, 8 2011

F
A. 2/21192/0023
(3)

8/03/2011.

:
1. 1 2 .. 3745/1957
( 173 /1957).
2. 4 . 1266/1982
,
. ( 81 /1982).
3. . 2/20911/0023/8032011

26
11/03/2011
.
4. 8/03/2011

26 .
6. .. 185/2009
( 213 /2009).
7. . 2672/3122009

10861
. 754
6 2011
. 2/31259/0023
(1)

19/04/2011.

19/04/2011. ..............................................................................................
....
. ..............................
....
. .........................................
....
. .............................................................

...................

. 3299/2004. ....

. & .
& ..
. 3299/2004. ......................................................................................
....

: 1
1
, 2 2
, 3 3
4 ,
,

, 1 1
, 2
2 ,
,
,
,
..........
....

:
,
, ,
,
. .............................................................................................................

2
3
4
:
1. 1 .2187/94
(16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
, ,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10862
( )
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

( 112 /2010).
15. . . 642/13042011 ...
. ,
:
,
19042011

( 23.000.000,00),
:
3. 241 . 3463/2006 (
114/2006).
4. . . . 4569/2712011 (. 11)
,
.
5. . 16114/2004 ( 686//2004)
,
, ....
.
6. 18/2011
, ....

, :

.

.

.

.
GR0114019442 20/08/11 13.000.000,00 99.67%

GR0124015497 18/05/11 10.000.000,00 100,05%
23.000.000,00
. 5979/3027
(3)
....
.
ISIN
12.957.100,00
10.005.000,00
22.962.100,00
336.147,95 13.293.247,95
492.493,15 10.497.493,15
828.641,10 23.790.741,10

19042011
, ,

( 23.790.741,10),
22.962.100,00 ,
828.641,10 .

, 18 2011

F
. 5982/3030
(2)
....
.

:
1. . . 135/2010 (//228/27122010)
.
2. 225 238 .
3852/2010 ( 87/762010)

.
, 15 2011

F

:
1. . . 135/2010 (//228/27122010)
.
2. 225 238
. 3852/2010 ( 87/762010)

.
3. 241 . 3463/2006 (
114/2006).
4. . .. 4569/2712011 (. 11)
,
.
5. . 8934/1991 ( 465//1991)
. ,
, ....
.
6. 21/2011
, ....

, :

.

.

.
10869
. 755
6 2011

19/04/2011. ........

20/04/2011. .............................................................................................

18/4/2011. ...
....
. ....................................................................................
....
. .........................................................................................................
....
...................................................................................................
....
. .................................................................

. ..........

.....................................
: 1)
2)
, 3)
, 4) , 5)
, 6) , 7)
, 8) , 9) ,
10) , 11) , 12)
, 13)
....
,
. ......................................................................................
1
2
3
4
5
6
7
8
9
10
. 2/31097/0023
(1)

19/04/2011.

:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999)).
6. 90 91 .2362/1995
,
... ( 247/27.11.1995) 64
,
38 .3871/2010 ( 141/17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173/1957),
4 . 1266/1982
( 81/2.7.1982).
9.
. 2/89260/29.12.2000

( 615/2001).
10. 1 . 2628/1998

(....) ( 151/1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

10870
( )
,

. ( 112 /2010).
14. . 2/1976/0023/11012011,

, 26
14/01/2011 15/07/2011 (
23/2011).
15. . 2/20911/0023/08032011,

, 26
11/03/2011 09/09/2011 (
23 /2011).
16. . 2/12332/0023/8022011,

, 26
11/2/2011 12/08/2011 (
337//2011).
17. . 2/4457/0023/18012011,

, 13
21/1/2011 26/4/2011 ( 144//2011).
18. . . 647/14042011 ....
,
:

,

( 19.000.000,00)
19042011, :
ISIN
GR0002079425 14/1/2011
GR0002081447 11/3/2011
GR0002080431 11/2/2011
GR0000081811 21/1/2011
15/7/2011
9/9/2011
12/8/2011
26/4/2011
3.000.000,00
1.000.000,00
1.000.000,00
14.000.000,00
19.000.000,00
98,80%
98,05%
98,40%
99,91%
2.964.000,00 36.000,00
980.500,00 19.500,00
984.000,00 16.000,00
13.987.400,00 12.600,00
18.915.900,00 84.100,00

( 18.915.900,00).

.
, 18 2011

F
. 2/31077/0023
(2)

20/04/2011.

. :
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17/18.2.1997),
9 . 2579/98 ( 31/17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 A/6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/5/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

. ( 112/2010).
15. . . 651/15042011 ....
,
:
, ,
20042011

(58.000.000,00),
:
( )

20042011
, ,

(59.437.975,35),
57.604,000,00
10871
, 1.833.975,35
.

.
, 18 2011

F
. 2/31084/0023
(3)

18/4/2011.

:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 .1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17A/1997), 9
. 2579/1998 ( 31 /1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999)).
6. 90 91 .2362/1995
,
... ( 247/27.11.1995) 64
,
38 .3871/2010 ( 141/17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).
8. .. 3745/1957
( 173/1957),
4 . 1266/1982
( 81/2.7.1982).
9.
. 2/89260/29.12.2000

(615/2001).
10. 1 . 2628/1998

(....) ( 151A/1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112/2010).
14. . 2/30263/0023/08042011,

, 26
14/10/2011.
15. . . 642/1342011 ....
,
:

,

( 18.000.000,00) 1804
2011, :
10872
( )

( 17.541.000,00).

.
, 18 2011

F
. 5992/3040
5. . 9258/1984 ( 331//1984)
(4)
....
/ . ,
.
, ....
.

6. 16/2011

, ,...
:

1. .. . 135/23122010 (//228/27122010) , :
.

2. 225 238
. 3852/2010 ( 87/762010) .

.
.
3. 241 . 3463/2006 (...

114/2006).

4. . . . 4569/2712011 (. 11) .
, / /

.
.
5. .. . 788/1978 ( 183//1978),
, 15 2011
, ....
.

6. 15/2011

, ....
F
, :
(6)
. 5981/3029
....
.
.

.

:
. 2011.
1. .. . 135/23122010 (//228/27122010)

.
.
2. 225 238
, 15 2011
. 3852/2010 ( 87/762010)

.
F
3. 241 . 3463/2006 (...
114/2006).
. 5988/3036
(5)
4. . . . 4569/2712011 (. 11)
....
, / /
.
.

5. . 9323/19891 ( 465//1991)

. ,
, ....
:
1. .. . 135/23122010 (//228/27122010) .
6. 19/2011
.
2. 225 238 , ....
. 3852/2010 ( 87/762010) , :

.
.

3. 241 . 3463/2006 (...
.
114/2006).

4. . . . 4569/2712011 (. 11)
, / /
.
.
11037
. 779
6 2011

21/04/2011. ..............................................................................................

13 26/0472011
. ....................................................

13
26/04/2011

. .................................................................................

26 15/04/2011

..

26 15/04/2011
. ....................................................
. 2/32066/0023
(1)

21/04/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12
.2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
(178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/
99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141/A/1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

(2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

. ( 112 /2010).
15. . . 660/18042011 ....
,
:
,
21042011

(79.000.000,00),
:
11038
( )
ISIN
GR0114019442
GR0124015497
24/05/06 20/08/11
30/01/01 18/05/11
61.000.000,00
18.000.000,00
79.000.000,00
99,06%
99,99%

21042011
, ,

(80.906.909,59),
60.426.600,00
1.590.345,21
17.998.200,00
891.764,38
78.424.800,00
2.482.109,59
62.016.945,21
18.889.964,38
80.906.909,59
78.424.800,00 ,
2.482.109,59 .

.
, 20 2011

F
. 2/30994/0023
11. . 2/91001/0023//29122010
(2)

13 26/04/2011
.
.
12. . 2/91007/0023//29122010

:

1. 31 32 . 1914/1990 2011.

13. .. 185/2009
,
( 213 /7.10.2009).
( 178 /17.12.1990).
14. . 2672/3122009
2. 1 .2187/1994

( 2408 /3.12.2009).
( 16 /8.2.1994).
15. . . 650/15042011
3. 5 12 .2198/1994
, ....
19/04/2011
.
(
16.
) ( 43 A /22.3.1994).
19 2011, :
4. 11 .2459/1997
,
, 13 ,
( 17 /18.2.1997), 9 26 2011
.2579/1998 ( 31 /17.2.1998), 22 2011.
37 . 3130/2003 ( 76 /2003).

5. .2842/2000

() 1103/97, 974/98 2866/98 , , . ,
. ( 207 ,
360
/27.9.2000).
6. 90 91 .2362/1995 (ACT/360).
4,10 %,
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
19 2011.
7. . 2628/1998

10%
(....) .
( 151 /6.7.1999).
(
8. .. 3745/1957 ) ,
( 173 /1957), ..,
4 . 1266/82
(ISIN ).
( 81 /2.7.1982).

9. . 2021180/2981/0023/31.3.1997
, , ,
, ..
,
( 286 /10.4.1997).
10.

. 2/89260/29.12.2000
18 2011
20 2011.
( 615 /23.5.2001).
( )
,
:
... ,
... ,
...,
...,

.
1.000
, 1.000

15.000
.
... ... 1.000 .
, ,
,

, .
,

.
...
.
,
,
ISIN
.

.

ISIN

,

ISIN ISIN .
.

, 0,15%.
...
0,04%.
2/89260/0023/
29122000
( 615 /23.5.2001).

2011,
.

.
, 19 2011

F
. 2/31166/0023
(3)

13 26/04/2011

.

:
1. 31 32 .1914/1990
11039

,
( 178 /17.12.1990).
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12
.2198/1994
,

( ) ( 43 /22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997),
9 .2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...
( 76 /2003).
5. .2842/2000
() 1103/97,
974/98 2866/98 ,
. ( 207 /27.9.2000).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4
.1266/1982 ( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.05.2001).
11. . 2/91001/0023//29122010

.
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . . 650/15042011 ....

19/04/2011
, :
11040
( )
,
19 2011,
,
,
.
.
1. , ,
13 ,
, 26 2011
22 2011.
2. 360
(ACT/360).
3.

( 1.250.000.000,00).
4.
.
5.
.
6.

(10%).

.

.
.
.
1)

(...).
,
19 2011, ,
(....).
,
,

(cut off price).
2)
,
5
.

( 5.000.000)
.

(1.000.000).
3)

.
4)

( 1.000).
5)
(
).

, 30%
.

.

(cut off price).

.
,
19 2011 12.00
.
6)

19 2011
12:45 ,
(....).
7)
,
( 12:00
21 2011),
,

(cut off price)
30%
.

,

, .

.

12:45 21
2011, ().
8) (Settlement)
26 2011,
.
9)
, ,
.
.

26 2011 (),
,
3 2011, ,
,

,
,
,
.
,
..,
(...)
...
(...).
( )

,
ISIN
26 2011 .
,

.

...
.

, ISIN .
.

ISIN () ISIN
( ),
. 5 ,

... ...

ISIN
,
,

ISIN ISIN .
.
.

2011,

.

.
, 18 2011

F
. 2/30263/0023
(4)

26 15/04/2011

.

:
1. 31 32 .1914/1990

,
( 178 /17.12.1990).
2. 1 .2187/1994

( 16 /8.2.1994).
3. 5 12
.2198/1994
,
11041

( ) ( 43 /22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997),
9 .2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...
( 76 /2003).
5. .2842/2000
() 1103/97,
974/98 2866/98 ,
. ( 207 /27.9.2000).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 .3871/2010 ( 141/17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4
. 1266/1982 ( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.05.2001).
11. . 2/91001/0023/ /29122010

( 2241 /2010).
12. . 2/91007/0023//29122010

2011 ( 2238 /2010).
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
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26 15/04/2011
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:
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,
( 178 /17.12.1990).
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( 16 /8.2.1994).
3. 5 12 .2198/1994
,

(
) ( 43 /22.3.1994).
4. 11 .2459/1997

( 17 /18.2.1997), 9
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11043
5. .2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 91 .2362/1995
,
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,
38 .3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4
. 1266/82 ( 81 /2.7.1982).
9. . 202.1180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
10.
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,
( 615 /23.5.2001).
11. . 2/91001/0023//29122010

.
12. . 2/91007/0023//29122010

2011 .
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
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....
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.
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....

24/03/2011. .............................................................................................

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25/7/2030 30/04/2011.

25/7/2025 30/04/2011.
1
2
3
4
5
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. 1/312011
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:
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47 .3 . 2238/1994 ( 151/) ...
24 .5 .
. 3867/2010 ( 128//2010).
. . 2362/1995 ( 247/) ,
.. ,
. 3871/2010 ( 141//2010).
. . 849/1978 40,

( 232//1978),
8 . 2129/1993 ( 57//1993).
2. : 2/58492/0022/38
2009 ( 1840//392009)

.... .
3. 2672/3.12.2009

( 2408//2009).
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,

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(13.704) 2010,
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( 2408/./2009).
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F
. 2/25217/0023
(3)

24/03/2011.

:
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( 16/8.2.1994).
2. 5 12
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,

( ) (
43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
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( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
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30/01/2001
, ,
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13. . 2/27162/0023/1752006
24/05/2006
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( 44.021.346,58),
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, 22 2011

F
. 2/29594/0025
(4)

.

:
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. 2362/1995 ,
( 247/
).
2. 3, 5 7 . 3049/2002

( 212/)
3. . 2672/3.12.2009

( 2408/./2009).
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F
. 2/29706/0023
(5)

25/7/2057 30/04/2011.

:
1. 31 32 . 1914/90

,
( 178/17.12.1990).
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( 16/8.2.1994).
3. 5 12
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,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997

11157
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10 2011

21/03/2011. ..............................................................................................

21/03/2011..........

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. 8/2011
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. 2/23892/0023

21/03/2011.
(1)

:
1. 1 . 2187/94
( 16//8.2.1994).
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,

( ) ( 43//22.3.1994).
3. 31 32 . 1914/90

,
( 178//17.12.1990).
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( 17//18.2.1997),
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5. 15 . 2628/1998
( 151//1998) 31
. 2682/99 ( 16//1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
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,
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( 370/542001).
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11158
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GR0124015497
21/3/2011
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21/3/2011
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( 20.000.000,00),
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.
, 17 2011

F
. 2/24843/0023
(2)

21/03/2011.

:
1. 1 . 2187/1994
( 16//1994).
2. 5 12 .
2198/1994
,

( ) ( 43//1994).
3. 31 32 . 1914/1990

,
( 178//1990).
4. 11 . 2459/1997

( 17/A/1997), 9
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5. 15 . 2628/1998 (
151//1998) 31 .
2682/1999 ( 16//1999).
6. 90 91 . 2362/1995
,
... ( 247//27.11.1995) 64
,
38 . 3871/2010 ( 141//17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//1997).
8. .. 3745/1957
( 173//1957),
4 . 1266/1982
( 81//2.7.1982).
9.
. 2/89260/29.12.2000

( 615//2001).
10. 1 . 2628/1998

(....) ( 151/A/1998).
11. .. 185/2009
( 213//2009).
12. . 2672/3122009

( 2408//2009).
13. . 3861/2010

,

. ( 112//2010).
14. . 2/67066/0023/12102010,

, 26
15/10/2010 15/04/2011 (
1667//2010).
15. . 2/76679/0023/9112010,

, 26
11677
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12 2011
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(1)
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( 1063 )

3
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( 1063 )

3 14 . 3386/05,

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.............................
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3

05/05/2011..................................................................................................
4

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................................................................
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,
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,
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( 128 /3.8.2010)
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( 16 /8.2.1994).
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,

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,
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,
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( )
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(
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7. . 2021180/2981/0023/31.3.1997
,
.
( 286 /10.4.1997).
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(....)
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,

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2011, 2012 2013,
.
11680
( )

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F
. 2/35422/0023
(4)
05/05/2011.

:
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( 16/8.2.1994).
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,

( )
( 43/22.3.1994).
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,
( 178/17.12.1990).
4. 11 . 2459/1997
(
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. 2579/98 ( 31 17.2.98).
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151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
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7. . 2021180/2981/0023/31.3.1997
,
...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
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( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 720/2052011 ....
,
:
,
05052011

( 7.000.000,00),
:
ISIN: GR0114019442
/ : 5/5/2011
: 20/08/11
TOK.: 3,90%
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. : 99,05%
: 6.933.500,00
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: 7.126.469,86

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. . 1100
(5)

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.

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10.05.2001 ( 598)

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. 3943/2011 ( 66 ),

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, :
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2 107
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101 .2238/1994,
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.
2.

11849
. 842
16 2011

22/03/2011. .............................................................................................

FBB

50.000.000 . ..........................................................

... ......................................................................................

.....

...............................................................................

........................................................

(.......) .
3
4
6
7

. 1/312011
................ 8
. 2/24268/0023

22/03/2011.
(1)

:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12 . 2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/98 ( 31 /17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 A/6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

( 112 /2010).
11850
( )
14. . . 508/17032011 .... ,

:
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( 1.000.000,00),
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22.865,75
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, ,
( 1.015.565,75),
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.
, 18 2011

F
. 2/20701/0025
(2)

FBB

50.000.000 .

:
1. :
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() . 2322/95 1 ( 143 ),
() 90

.. 63/2005 ( 98 ),
() . 185/6102009
,

,

,
,

(
213//7102009),
()
.
2672/03.12.2009
( 2408/
03.12.2009).
2. . 54201/ 2884/26.11.2008

( 2471 ).
3. . 2/5121/0025/26.1.2009

2 . 3723/2008

( 140 ).
4.

(2008/C 270/02).
5. . 560/2008,
. 690/2009, . 260/2010 C(2010) 9453/21.12.2010.
6. 1812011
FBB
2822011
.. .
7. . 8/04032011
5 . 2322/1995.
8. . 2139/2122008
(

)

. 3723/2008
.
9. 131/31012011
.
10. . 59181/.2585/24122010

. 3723/2008 ( 2015//27122010)
.
11. . 3872/2010 ( 7)

25 .
12. . 665/ 2630/10012011

, :
.

FBB
,
50.000.000 ,

:
12137
. 866
16 2011

09/05/2011 ..............................................................................................

10/05/2011 ...............................................................................................

12/05/2011 ...............................................................................................
T . ...........................

.............

....................................

.........
1
2
3
4
5
6
. 2/35912/0023
(1)

09/05/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. To .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

. ( 112/2010).
15. . . 729/04052011 ...
. ,
:
12138
( )
, 09052011
( 4.000.000,00),
:
/
ISIN

GR0114019442 9/5/2011 24/05/06 20/08/11

GR0124015497 9/5/2011 30/01/01 18/05/11
ONOM. .
3,90%
5,35%
2.000.000,00
2.000.000,00
4.000.000,00
1.984.600,00 55.989,04 2.040.589,04

1.999.000,00 104.361,64 2.103.361,64
3.983.600,00 160.350,68 4.143.950,68
99,23%
99,95%
09052011 ,
,
( 4.143.950,68),
3.983.600,00 , 160.350,68 .
.
, 6 2011

F
. 2/35918/0023
(2)

10/05/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999).
6. 64, 90 91 . 2362/95

( 247/A/27111995),
.3871/2010 ( 141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
/
TOK.
GR0114019442 10/5/2011
24/05/06
20/08/11
3,90%
ISIN
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 730/05052011 ...
. ,
:
,
10052011

( 6.000.000,00),
:
ONOM. .
6.000.000,00
5.953.800,00 168.608,22 6.122.408,22
6.000.000,00
99,23%
5.953.800,00 168.608,22 6.122.408,22
10052011
, ,
12139
( )

( 6.122.408,22),
5.953.800,00 , 168.608,22
.

.
, 6 2011

F
. 2/36846/0023
(3)

12/05/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 .1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

/
ISIN

GR0114019442 12/5/2011 24/05/06 20/08/11
.
3,90%
( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ,..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408/73122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 760/09052011 ...
. ,
:
,
12052011

( 33.000.000,00),
:
. .
33.000.000,00
33.000.000,00
99,26%
32.755.800,00 934.397,26 33.690.197,26

32.755.800,00 934.397,26 33.690.197,26
12052011 ,
,
( 33.690.197,26),
32.755.800,00 , 934.397,26 .
.
, 10 2011

F
(4)
.. 63/2005 (
98//2005).
O
2. .. 96/73, .784/78,

. 1316/83 ( 3//1983), .1965/1991 (146//1991),
:
. 1969/1991 ( 167//1991), .2992/2002 ( 54//2002),
1. 90 .3408/2005 ( 272//2005), .3730/2008 (
. 54582
T .
13969
. 937
24 2011
6.4.2011.
20102011. .............

,
, ,
. ......
. 9965/14.7.2005 ( 1085
)
( ) :

(...)
() . 15
7 .3299/2004
, ....................

,

. ...................

, /

........
1
2
. 2/28530/0023
(1)

6.4.2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/
99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
14. . 3861/2010

,
13970
( )
( 112 /2010).
15. . 585/01042011 .... ,
:
, 6042011
( 4.000.000,00),
:
ISIN
GR0114019442
20/08/11
3,90%
1.000.000,00
99,55%
995.500,00
24.468,49
1.019.968,49
GR0124015497
18/05/11
5,35%
3.000.000,00
100,00%
3.000.000,00
142.031,51
3.142.031,51
3.995.500,00
166.500,00
4.162.000,00
4.000.000,00
6042011
, ,
( 4.162.000,00), 3.995.500,00 ,
166.500,00 .
.
, 4 2011

F
. 42864/2
20102011.
(2)
H ,

:
1. :
. T . 1566/1985 ( 167)

.
. T . 682/1977 ( 244)
.
. T 18 . 3475/2006 (146)

.
. T 1 .. 104/1079 ( 23)
, , ,
, ,

,
1 .. 123/1987 ( 68)
. T 3 .. 409/1994 ( 90)

.
. To 2 .. 60/2006 ( 65)
,
1 .. 12/2009 ( 22).
. T .1120//070110 .. ( 1)
,

2.

3.
,
:

20102011
, ,
10
2011, .

.
, 7 2011
Y
F
. .773/..10
(3)

,
, ,
.
,

A. :
1. .. 63/2005 ( 98)
.
2. .. 352/03( 317/311203)

(/),
..
267/2004 ( 266/24122004)
/.
3. .3669/2008
(
116/1862008)
. 2 180 .
4.
.
5. .. 189/2009 ( 221/5112009)

.
14201
. 964
24 2011
. 19 50218682011
(1)
.
.

16/05/2011. .

16/05/2011. ..............................................................................................

ALLEN & OVERY,

. ........................................................

..............................................
. 41541/ /276/812
2000 ( 1501//8.12.2000)

. ...........................................................

. ........................................................................

. ..,
.3299/2004
. ............
. 15527/639/2010 (
1359//2010)

,

. .....................................................................................

, 2011..........................................................................
1
2
3
4
5
10

,

:
1. . 1 49
. 2960/2001 ( 265/),

,

,

. 5 48 ,

.
2. . 1 8
() . 338/97 , 9
1996

,
() . 398/2009
23 2009
() . 338/97

, ,
, ,
,
,
, ,

.
3. . 6 258
.. 86/1969 ( . 5,
. 3 7 . 177/1975,
. 5 57 . 2637/1998),
,
, , , ,
, , , ,
14202
( )
, , ,
, , ,

.
4. . 6 258
.. 86/1969 ( . 5,
. 3 7 . 177/1975,
. 5 57 . 2637/1998)

( ,
)
,

,
,

.
5. . 99098/5881/16102006
( 1570/./26102006)
( .
331794/12031999 ,
9
. 104853/4953/06022006
).
6. . 1 288
.. 86/1969
( , 288, .
8 57 . 2637/1998),
258
6 , , ,
(200.000)
(5.000.000) ,

,
,

:
)
) )
.
7. . 8823/1112010

CITES
.
8. . 989/822011

CITES . 7693/91,
6804/94, 6936/94, 7110/98, 1375/01 5483/02.
9. . 115388/106/1812011
, /
( CITES)
. ,
, ,
CITES
. 8 57
. 2637/98,
.
10. .. 187/2009
( 214/./07102009).
11. .. 189/2009
( 221//05112009).
12. . 611425002010 ( 1725//3112010)

.
13. . 52167/21122009
,

,
,
( 2514/./22122009).
14. .. 89/2010 ,
( 154/./07092010).
15.
CITES

.
16.
,
:

CITES, ,
,

:
) (20)
(19)
( 7693/91).
) (7)
( 6804/94).
) (6) (
6936/94).
) (37)
(73)
.
) (1) (1)
( 1375/01).
) (2) ( 5483/02).

.

.
, 12 2011

F
. 2/37511/0023
(2)

16/05/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12 . 2198/1994
,

(
) ( 43/1994).
( )
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17A/1997), 9
. 2579/1998 ( 31/1998).
5. 15 . 2628/1998 (
151/1998) 31 . 2682/1999
( 16/1999).
6. 90 91 . 2362/1995
,
... ( 247/27.11.1995) 64
,
38 .3871/2010 ( 141/17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. .. 3745/1957
( 173/1957),
4 . 1266/1982
( 81/2.7.1982).
9.
. 2/89260/29.12.2000

( 615 /2001).
10. 1 . 2628/1998

(....) ( 151/1998).
11. .. 185/2009
( 213/2009).
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112/2010).
14. . 2/36244/0023/10052011,

, 26
13/05/2011 11/11/2011.
15. . . 768/11052011 ...
. ,
:

,
( 10.000.000,00)
16052011,
:
ISIN: GR0002083468
: 11/11/2011
. : 10.000.000,00
. : 97,28%
: 9.728.000,00
. : 272.000,00
: 16/5/2011
14203

( 9.728.000,00).

.
, 12 2011

F
. 2/37465/0023

16/05/2011.
(3)

:
1. 1 . 2187/94
(16/8.2.1994).
2. 5 12 . 2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17/18.2.1997), 9
. 2579/98 ( 31/17.2.98).
5. 15 . 2628/1998
( 151//1998) 31
. 2682/99 ( 16/1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151A/6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).
14204
( )
13. . 3861/2010

,

. ( 112/2010).
14. . . 768/11052011 ...
. ,
:
,
16052011

( 11.000.000,00),
:
ISIN: GR0114019442
/ : 16/5/2011
: 20/08/11
.: 3,90%
. : 11.000.000,00
. : 99,15%
: 10.906.500,00
. : 316.167,12
: 11.222.667,12

16052011
, ,

( 11.222.667,12),
10.906.500,00 ,
316.167,12 .

.
, 12 2011

F
. 2/39707/0023
(4)

ALLEN & OVERY,

.

:
1. 1 . 2187/94 ( 16/)
,
11 . 2628/98
( 151/).
2. 64 . 2362/95 (
247/)
..
38 . 3871/2010 ( 141/17.8.2010).
3. . 2628/1998

(....)
( 151 /671999).
4. . 2672/3122009

( 2408 /3.12.2009).
5. . 181/26.01.2011
.. ....
8.
8,100.00 GBP
23/200/6311
, :

(8,100.00GBP)
ALLEN & OVERY,

,
ISDA
HSBC,
(cross currency swaps)

Lehman Brothers
HSBC.

.
, 18 2011

F
. .000/56333
(5)

.

:
. 14 . 2919/2001
( 128/2001)
.
. , 19 . 2001 ( 4/2002), 14 . 2002
( 1604 /30 . 2002), 5 2003 ( 1123 /
8 . 2003), 8 2003 ( 213 /5 . 2004), 20
2004 ( 992 /2 . 2004) 8 2004 (
1954 /30122004), 3 . 2005 ( 930 /6 .
2005), 14 . 2005 ( 1783 /20 . 2005), 22
2006 ( 983 /25 . 2006), 11 . 2006 ( 23 /
17 . 2007), 8 . 2007 ( 1235 /18 . 2007),
6 . 2007 ( 306 /26 . 2008), 23 . 2008
( 1651/14 . 2008), 17 . 2008 ( 209/
9 . 2009), 9 2009 ( 21 2009),
27 . 2009 ( 9 /13 . 2010) 04 . 2010
( 896 22 . 2010
,
().
.

, :
:
31/10/2011
.. (
).

.
, 13 2010

14647
. 1017
26 2011

11/04/2011. ...............................................................................................

11/04/2011............

13/04/2011. .........

13/04/2011. ..............................................................................................

08/04/2011....

. ...............................................

2011. ....

2011...................................................................................................

.. . 2011...........

.. . 2011. ......
1
2
3
4
5
6
7
8
9
10
. 2/29466/0023

11/04/2011.
(1)

:
1. 1 . 2187/94
(16/8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 /17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16 /1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).
14. . 3861/2010

,

. ( 112 /2010).
15. . . 616/06042011 ....
, :
,
11042011

( 6.000.000,00),
:
14648
( )
ISIN
GRO114019442
GRO124015497
.
T
ONOM.
20/08/11
18/05/11
2.000.000,00
4.000.000,00
6.000.000,00
99,55%
100,00%
1.991.000,00
3.999.600,00
50.005,48
192.306,85
2.041.005,48
4.191.906,85
5.990.600,00
242.312,33
6.232.912,33
11042011
, ,
( 6.232.912,33),
5.990.600,00 , 242.312,33 .
.
, 7 2011

. 2/30309/0023
(2)

11/04/2011.

:
1. 1 . 2187/1994
(16/1994).
2. 5 12
. 2198/1994
,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17 A/1997), 9
. 2579/1998 ( 31/1998).
5. 15 . 2628/1998
( 151 /1998) 31
. 2682/1999 ( 16/1999)).
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286 /1997).
8. . . 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2/89260/29.12.2000

(615/2001).
10. 1 . 2628/1998

(....) ( 151 A/1998).
11. .. 185/2009
( 213/2009)
12. . 2672/3122009

( 2408 /2009).
13. . 3861/2010

,

. ( 112 /2010).
14. . 2/20911/0023/08032011,

, 26
11/03/2011 09/09/2011 (
23 /2011).
15. . 2/12332/0023/8022011,

, 26
11/2/2011 12/08/2011 (
337//2011).
16. . 2/1976/0023/11012011,

, 26
14/01/2011 15/07/2011 (
23 /2011).
17. . . 575/31032011 ...
. ,
:

,
(
18.000.000,00) 11042011,
:
( )
ISIN
GR0002081447
GR0002080431
GR0002079425
9/9/2011
12/08/11
15/7/2011
2.000.000,00
7.000.000,00
9.000.000,00
18.000.000,00
97,92%
98,30%
98,68

1.958.400,00
6.881.000,00
8.881.200,00
17.720.600,00
14649
.
41.600,00
119.000,00
118.800,00
279.400,00

( 17.720.600,00).
.
, 8 2011

9. . 2/89260/29.12.2000
. 2/30721/0023
(3)
&
13/04/2011.

(615/2001).

10. 1 . 2628/1998
:

1. 1 . 2187/1994
(16/1994).
(....) ( 151 /1998).
2. 5 12
11. .. 185/2009
. 2198/1994
( 213/2009)
,
12. . 2672/3122009

( ) ( 43/1994).
(
2408 /2009).
3. 31 32 . 1914/1990
13. . 3861/2010

,
,
( 178/1990).
4. 11 . 2459/1997
. ( 112 /2010).
( 17 A/1997), 9
14. . 2/76679/0023/9112010,
. 2579/1998 ( 31 /1998).

5. 15 . 2628/1998 ( 151 , 26
/1998) 31 . 2682/1999 12/11/2010 13/5/2011 ( 1832//2010).
( 16/1999)).
15. . 2/20911/0023/08032011,
6. 90 91 . 2362/1995
,
, 26
... ( 247 /27.11.1995) 64
11/03/2011 09/09/2011 (
,
23 /2011).
38 . 3871/2010 ( 141 /17.8.2010).
16. . . 628/08042011 ....
7. . 2021180/2981/0023/31.3.1997
,

:
, ..

( 286 /1997).
8. . . 3745/1957 ,
( 173 /1957), ( 3.000.000,00)
4 . 1266/1982 13042011,
:
( 81 /2.7.1982).
GR0002081447
9/9/2011
2.000.000,00
97,97%
1.959.400,00
40.600,00
GR0002078419
13/5/2011
1.000.000,00
3.000.000,00
99,63%
996.300,00
2.955.700,00
3.700,00
44.300,00
ISIN
14650
( )

( 2.955.700,00).

.
, 11 2011

. 2/30563/0023

13/04/2011.
(4)

:
1. 1 . 2187/94
(16/8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178 /17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998
( 151//1998) 31
. 2682/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
ISIN
ONOM.
GR0114019442
GRO124015497
20/08/11
18/05/11
65.000.000,00
56.000.000,00
121.000.000,00
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009)
11. . 2672/3122009

( 2408/ 73122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

. ( 112 /2010).
15. . . 628/08042011 ...
. ,
:
,
13042011

(121.000.000,00),
:
99,463%
99,99%
64.650.950,00
55.994.400,00
1.639.068,49
2.708.712,33
66.290.018,49
58.703.112,33
120.645.350,00
4.347.780,82
124.993.130,82
13042011
, ,
( 124.993.130,82),
120.645.350,00 , 4.347.780,82 .
.
, 11 2011

14727
. 1028
26 2011

26
13/05/2011

. .....................................................................................................

26
13/05/2011 . ...........................

10/05/2011. ....................................

13/05/2011. ..............................................................................................

. 2011
2011
. ...................................

. .....................................

,

2011. .......................................................
2
3
4
5
6
. 2/36244/0023
(1)

26 13/05/2011

.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...
( 76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.05.2001).
11. . 2/91001/0023/ /29122010

( 2241 /2010).
14728
( )
12. . 2/91007/0023//29122010

2011 ( 2238 /2010).
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . 739/06052011 ....

10/05/2011
, :
,
10 2011,
,
,
.
.
1. , ,
26 ,
, 13 2011
11 2011.
2. 360
(ACT/360).
3.

(1.250.000.000,00).
4.
.
5.
.
6.

(10%).

.

.
.
.
1)

(...).
,
10 2011, ,
(....).
,
,
(cut
off price).
2)
,
5
.
( 5.000.000)

.

(1.000.000).
3)

.
4)

( 1.000).
5)
(
).

, 30%
.

.

(cut off price).

.
, 10
2011 12.00 .
6)

10 2011
12:45 ,
(...).
7)
,
( 12:00
12 2011),
,

(cut off price)
30%
.
,

, .

.

12:45 12
2011, ().
8) (Settlement)
13 2011,
.
9)
, ,
.
.

13 2011 (),
,
20 2011, ,
,
( )

,
,
, .
,
..,
(...)
...
(...).

,
ISIN 13
2011 .
,

.

...
.

, ISIN ,
.

ISIN () ISIN
( ),
. 5 ,

... ...

ISIN ,

,
ISIN
ISIN .
.
.

2011,
.

.
, 10 2011

F
. 2/37027/0023
(2)

26 13/05/2011
.

:
1. 31 32 . 1914/1990

14729
,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12 . 2198/
1994
,

( ) (43 /22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997), 9
. 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003 ( 76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 91 .2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
(151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/82
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ..
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.5.2001).
11. . 2/91001/0023/ /29122010

.
12. . 2/91007/0023//29122010

2011.
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

( 2408 /3.12.2009).
15. . 739/06052011 ....

10/05/2011
.
16.
10 2011, :
14730
( )
,
, 26 ,
13 2011
11 2011.

, . ,
,
360
(ACT/360).
4,88%,

10 2011.

10%
.
(
) ,
..,
(ISIN ).

, , ,

,

9 2011
11 2011.
,
:
... ,
... ,
...,
...,

.
1.000
,
1.000

15.000 .
... ...
1.000 .
, ,
,

, .
,

.
...
.
,
,
ISIN
.

.

ISIN

,

ISIN ISIN .
.

, 0,15%.
...
0,04%.
2/89260/0023/
29122000
( 615 /23.5.2001).

2011,

.

.
, 10 2011

F
. 2/37034/0023
(3)

10/05/2011.

:
1. 1 2 .. 3745/1957
( 173
/1957).
2. 4 . 1266/1982
,
. (
81 /1982).
3. . 2/36244/0023/10052011

26
13/05/2011

.
4. 10/05/2011

26 .
5. .. 185/2009
( 213 /2009).
6. . 2672/3122009

( 2408 /2009), :
1.
, .. 3745/57 . 2166/82,
10 2011
26 4,88%.
2.

26
10/05/2011.
3.

15365
. 1057
30 2011

27/04/2011. .............................................................................................

27/04/2011 .............

2/5/2011 ....................................................................................................

25/7/2025 31/05/2011. ..

25/7/2030 31/05/2011 ..

25/7/2057 31/05/2011.........
. 80855/5439/06.08.92
,
... ....

, (
573), . 17/02/54/
2.5/06.05/2008
.... ( 857)...................................
1
2
3
4
5
6

. . 123420/
38933/2010/292010
,
...................................................................................... 8

05/07.01.2011

, ,
. ........ 9
. 2/32781/0023/

27/04/2011.
(1)

:
1. 1 . 2187/94
( 16//8.2.1994).
2. 5 12 .
2198/1994
,

( ) ( 43//22.3.1994).
3. 31 32 . 1914/90
,
,
( 178//17.12.1990).
4. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/98 ( 31//17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16//1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/B/542001).
9. . 2628/1998

(....)
( 151//6.7.1998).
10. .. 185/2009
( 213//7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
15366
( )
, , ,
, 20/08/2011 ( 695//2006).
14. . 3861/2010

,

. ( 112//2010).
ISIN
GR0114019442 20/08/11
GR0124015497 18/05/11
.
.
72.000.000,00 98,97%
90.000.000,00 99,99%
162.000.000,00
15. 668/20042011 ....

,
:
,
27042011

( 162.000.000,00),
:

71.258.400,00
89.991.000,00
161.249.400,00
.
1.923.287,676
4.537.972,60
6.461.260,27

73.181.687,67
94.528.972,60
167.710.660,27
27042011 ,
,
( 167.710.660,27),
161.249.400,00 , 6.461.260,27 .
.
, 21 2011

F
. 2/32787/0023
(2)

27/04/2011

:
1. 1 . 2187/1994
( 16//1994).
2. 5 12 .2198/1994
,

(
) ( 43//1994).
3. 31 32 . 1914/1990

,
( 178//1990).
4. 11 . 2459/1997

( 17/A /1997), 9
. 2579/1998 ( 31//1998).
5. 15 . 2628/1998 ( 151/
/1998) 31 . 2682/1999
( 16//1999).
6. 90 91 . 2362/1995
,
... ( 247//27.11.1995) 64
,
38 .3871/2010 ( 141//17.8.2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//1997).
8. .. 3745/1957 .
( 173//1957),
4 . 1266/1982
( 81//2.7.1982).
9. . 2/89260/29.12.2000

(
615//2001).
10. 1 . 2628/1998

(....) ( 151/A/1998).
11. .. 185/2009
( 213//2009)
12. . 2672/3122009

( 2408//2009).
13. . 3861/2010

,

. ( 112//2010).
14. . 2/31166/0023/1842011,

, 13
26/04/2011 22/07/2011.
15. 668/20.4.2011 ....
,
:

,
( 10.000.000,00)
27042011,
:
15367
( )
ISIN
GR0000083833
22/7/2011
10.000.000,00
98,90%
9.890.000,00
110.000,00
10.000.000,00
9.890.000,00
110.000,00

(9.890.000,00).
.
, 21 2011

F
. 2/33888/0023
(3)
2/5/2011.

:
1. 1 . 2187/94
( 16//8.2.1994).
2. 5 12
. 2198/1994
,

( ) ( 43//22.3.1994).
3. 31 32 . 1914/90

,
( 178//17.12.1990).
4. 11 . 2459/1997

( 17/A/18.2.1997),
9 . 2579/98 ( 31//17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16//1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. .2/4627/0023/25.01.2001
,
ISIN
,
( 370//542001).
9. . 2628/1998

(....)
( 151//6.7.1998).
10. .. 185/2009
( 213//7102009)
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/2512001
30/1/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695//2006).
14. . 3861/2010

,

. ( 112//2010).
15. . . 706/27042011 ....
,
:
,
252011

( 15.000.000,00),
:
GR0114019442 2/5/2011
24/05/06 20/08/11 3,90% 14.000.000,00 99,03% 13.864.200,00
381.452,05
14.245.652,05
GR0124015497 2/5/2011
30/01/01
999.500,00
51.154,79
1.050.654,79
14.863.700,00
432.606,84 15.296.306,84
18/05/11
5,35%
1.000.000,00
99,95%
15.000.000,00
02052011 ,
,
( 15.296.306,84),
14.863.700,00 , 432.606,84 .
.
, 28 2011

15368
( )
. 2/35799/0023
(4)

25/7/2025 31/05/2011.

:
1. 31 32 . 1914/90

,
( 178//17.12.1990).
2. 1 . 2187/94
( 16//8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43//22.3.1994).
4. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/98).
5. 15 . 2628/1998 (
151 //1998), 31 . 2682/99
( 16//99), 37
. 3130/2003 ( 76//2003).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010
(141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. 1 . 2628/1998

(....) ( 151 /6.7.1998).
9. .. 185/2009
( 213//7102009).
10. . 2/67009/0004/11102010

,
,

/
(//1668/21102010).
11. . 2/16773/0023/A/20.03.2003
27.03.2003

, , 25.07.2025,
. 2/5333/0023/3012004, 2/17201/0023/242004,
2/32020/0023/1662005 2/18746/0023/742006
, (re opening) 3/2/2004,
5/4/2004, 21/6/2005 12/4/2006, .
12. . 2/13615/0023//1332006 ( 387 //30
032006)

, 25.07.2025, 2005=100,
:
,
, ISIN GR 03 38001 531,
25.07.2025, 2,90%

,
2011 :

(NDEX RATIO)
ANA
31/05/2011
7.200.000.000,00
112,06032
1,18165
8.507.880.000.00
31/05/2011
25/7/2002.
2005=100 94,83337,
(unrevised) HICP
2005=100. .
.
,
.
.
, 4 2011

F
. 2/35798/0023
(5) ,
( 178//17.12.1990).
2. 1 . 2187/94
25/7/2030 31/05/2011.
( 16//8.2.1994).

3. 5 12
:
. 2198/1994
1. 31 32 . 1914/90 ,

( )

( ) ( 43//22.3.1994).
4. 11 . 2459/1997

( 17/A/18.2.1997),
9 . 2579/98.
5. 15 . 2628/1998 (
151//1998), 31 . 2682 /99
( 16 / 99), 37
. 3130/2003 ( 76// 2003).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. 1 . 2628/1998

(....) ( 151//6.7.1998).
15369
9. .. 185/2009
( 213//7102009).
10. . 2/67009/0004/11102010

,
,

/
( 1668/21102010).
11. . 2/22468/0023 /12042007

, 25/7/2030, / 16/4/2007,
. 2/4897/0023 /2812008
,
:
,
, ISIN GR 03 38002 547,
25.07.2030, 2,30%

,
2011 :

(NDEX RATIO)
ANA
31/05/2011
7.500.000.000,00
112,06032
1,09459
8.209.425.000.00
31/05/2011
25/7/2006.
102,37677,
(unrevised) HICP 2005=100.
.

,
.
.
, 4 2011

F
. 2/35795/0023
(6)

25/7/2057 31/05/2011.

:
1. 31 32 . 1914/90

,
( 178//17.12.1990).
2. 1 . 2187/94
( 16//8.2.1994).
3. 5 12
. 2198/1994
,

( ) ( 43//22.3.1994).
4. 11 . 2459/1997

( 17/A/18.2.1997),
9 . 2579/98.
5. 15 . 2628/1998 (
151//1998), 31 . 2682/99
( 16/ 99), 37
. 3130/2003 ( 76//2003).
6. 64, 90 91 . 2362/95

( 247//27111995),
. 3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. 1 . 2628/1998

15370
( )
(....) ( 151/
/6.7.1998).
9. .. 185/2009
( 213//7102009).
10. . 2/67009/0004/11102010

,
,

/
( /1668/21102010).

2932007
25/7/2057,

142008, :
,
, ISIN XS 0292467775, 25.07.2057,
2,085%

, 2011 :

(NDEX RATIO)
ANA
31/05/2011
1.600.000.000,00
112,06032
1,09415
1.750.640.000.00
31/05/2011
30/3/2007.
102,41742,
(unrevised) HICP 2005=100.
.

,
.
.
, 4 2011

F
. 17/04/29/.2.5
(7)
. 80855/5439/06.08.92
,
... ....

, (
573), . 17/02/54/
2.5/06.05.2008
.... ( 857).
,

,
:
1. 4 . 2026/1992

( 43).
2. . 80855/5439/06.08.92

, .... ....

,
( 573), .
17/02/54/2.5/06.05.2008
.... .
80855/5439/06.08.92
, ....
....
,
( 857).
3. . 383/1812010 ( 29)
,

,

.
4. 90
63/2005
(
98)

, :
1. . 3
5 . 80855/5439/06.08.92
,
.... .... (
573), . 17/02/54/
2.5/06.05.2008
...., ( 857),
, :

,
,

,
.
15969
. 1093
2 2011

26/05/2011. .............................................................................................

25/05/2011. .............................................................................................

. .....................

. 50 .
43 . ............

/ . ....................................
1
2
. 2/40507/0023
(1)

26/05/2011.

:
1. 1 .2187/1994
( 16/1994).
2. 5 12 .2198/1994
,

(
) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178 /1990).
4. 11 . 2459/1997

( 17/1997), 9
. 2579/1998 ( 31/1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16 /1999).
6. 90 91 . 2362/1995
,
... ( 247/1995) 64
,
38 . 3871/2010 ( 141 /2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286/1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/2001).
9. . 2628/1998

(....)
( 151A/1998).
10. .. 185/2009
( 213/2009).
11. . 2672/3122009

( 2408/2009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 849/23052011 ....
,
:
,
26052011,

( 28.000.000,00),
:
15970
( )

26052011
, ,

27.722.800,00 ,
834.706,85 .

.
, 24 2011
( 28.557.506,85),
F
. 2/40194/0023
(2)

25/05/2011.

:
1. 1 . 2187/1994
( 16/1994).
2. 5 12
. 2198/1994
,

( ) ( 43/1994).
3. 31 32 . 1914/1990

,
( 178/1990).
4. 11 . 2459/1997

( 17/1997), 9
. 2579/1998 ( 31/1998).
5. 15 . 2628/1998 ( 151
/1998) 31 . 2682/1999
( 16/1999).
6. 90 91 . 2362/1995
,
... ( 247/1995) 64
,
38 .3871/2010 ( 141/2010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286 /1997).

25052011
, ,

( 30.597.123,29),
8. . 2/4627/0023/25.01.2001
,
,
( 370/2001).
9. . 2628/1998

(....)
( 151A/1998).
10. .. 185/2009
( 213/2009).
11. . 2672/3122009

( 2408 /2009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . . 842/20052011 ...
. ,
:
,
25052011,

( 30.000.000,00),
:
29.706.000,00 ,
891.123,29 .

.
, 23 2011

15985

. 1096
2 2011
(1)

. .........................................
. 2131/3.2.2011
( 418/B/16.3.2011)
. 16822/2.9.2010
( 1515//7.9.2010)

A.E. I .. .................................

19/04/2011. ..............................................................................................

29/04/2011. .............................................................................................

28/04/2011. .............................................................................................

1,

2
3

. .....................................................................
. ............................
. .......................................

. .................................................................................................

. .......................................................................................................

OLANZAPINE/SIGILLATA. .......................................

ROPIVACAIN/B.BRAUN. ............................................

.
1
2
3
4
5
6
7
8
9
. 74264/3.1.2011
,
,
, ,
9 . 3660/2008

( 78/./7.5.2008),
,

.. (... ..),
,
:

1.
2.

.

,
.
(. . ... . 495/14.3.2011).

10
11
. ,

12
15986
( )
. 8128
(2)
. 2131/3.2.2011
( 418/B/16.3.2011)
. 16822/2.9.2010
( 1515//7.9.2010)

A.E. I
.. ...
,

,
:
1. .. 258/93

( 112),
.
2. 2 . 3242/2004

, (
102/24.5.2004).
3. 187/2009 ( 214//7.10.2009)
.
4. 96/2010 ( 170//28.09.2010)
,
,
.
5. 98 2010 ( 172/
/30.09.2010) ,
.
6. 9 .6 . 3861/2010
( 112//13.7.2010)

,

.
7. . . 23144/1.12.2010 3465/24.2.2011

.
8. 99/21.3.2011

.
9. . 3548/2007

, .
10. . 2131/3.2.2011
( 418/B/16.3.2011) .
16822/2.9.2010 ( 1515/
/7.9.2010)

A.E. I .. ...
11. . /.1/2/22993/2.11.2010 ( 1717/
/2.11.2010)
,

.
12. 46498/ 1913/13.10.2010,
1642/14.10.2010/
,
, / .
13.
,
:
. 2131/3.2.2011
( 418/B/16.3.2011)
. 16822/2.9.2010
( 1515//7.9.2010)

A.E. I ..
..

. 23144/1.12.2010 3465/24.2.2011

.2 .1 . .3548/2007,

,
,
.

.
, 4 2011

,

F
. 2/31104/0023
(3)

19/04/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31/17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

( )
15987
, ...
( 286//10.4.1997).
8. .2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151/6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

( 112 /2010).
15. . . 630/11042011, 637/12042011
647/1442011 ....
, :
,
19042011

( 55.000.000,00),
:

19042011
, ,

( 56.469.685,76),
54.766.820,00
, 1.702.865,76
.

.
, 18 2011

F
5. 15 . 2628/1998 (
. 2/33477/0023
(4)
151//1998) 31 . 2682/99

( 16/1999).
29/04/2011.
6. 64, 90 91 . 2362/95

( 247//27111995),
:
.3871/2010 (
1. 1 .2187/94
141//1782010).
( 16/8.2.1994).
7. . 2021180/2981/0023/31.3.. 1997
2. 5 12 .2198/1994
, , ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001

( ,
,
) ( 43/22.3.1994).
3. 31 32 . 1914/90 ( 370/542001).
9. . 2628/1998

,
(....)
( 178/17.12.1990).
( 151/6.7.1998).
4. 11 . 2459/1997
10. .. 185/2009
( 213/7102009).
( 17A/18.2.1997), .
11. . 2672/3122009

9 . 2579/98 ( 31/17.2.98).
15988
( )

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
14. . 3861/2010

,

( 112 /2010).
15. . . 684/26042011 ....
,
:
,
29042011

( 44.000.000,00),
:
, 1.470.213,70
29042011 .

, ,
.

, 27 2011

( 45.147.813,70),

43.677.600,00
F
. 2/33308/0023
(5)

28/04/2011.

:
1. 1 .2187/94
( 16/8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31/17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/99
( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ...
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151/6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/4879/0023/25012001
30/01/2001
, ,
, , 18/05/2011.
13. . 2/27162/0023/1752006
24/05/2006
, , ,
, 20/08/2011 ( 695 /2006).
14. . 3861/2010

,

( 112 /2010).
15. . . 670/21042011 ....
,
:
,
28042011

( 7.000.000,00),
:
( )

28042011
..,
,

6.958.600,00
, 258.982,19 .

.
, 27 2011

( 7.217.582,19),
F
. .12/443/51800/1
(6)

1,
2

3
.

,
:
1. . 9, (),
3 11, , 4
. 1566/85, ( 167, .),

,
2, 7, . 2525/1997 ( 188,
.), ,
,
.
2. . 2,
24, . 1566/85 ( 167, .),

.
3. . 3, 3
5, 4 . 2525/97 ( 188,
.), ,
,
.
4. . 1, 73
. 3518/2006 ( 272/2006, . ),

(......)

.
5. 5, 10 . 3848/2010
( 71/2010, .).
6. . 1 26
. 3879/2010, ( 163, .),
.
7. . 1, 10, .
201/1998, ( 161, .),
.
15989
8. 90

.. 63/2005
( 98).
9. 16 . 6 . 3149/2003
( 141, .), 9
. 3194/2003 ( 267, .) 8, . 1
. 3194/2003 ( 267, .).
10. .. 185/2009,( 213, .):
, ...
11. . 1120//712010
( 1/./812010)
,
,
.
12. . 2672 ( 2408, ./03
122009)
.
13. . 11333/290710

1, . 11334/290710

2,
. 18546/201010
. 11335/290710

3.
14. . 23/2010 26/2010
.. ,
. 27/2010
.
15.
. ....
201011, 201112
201213 201004580067 (
420.000 2011, 1.000.000 2012
580.000 2013), 201004580068 (
2.625.000 2011, 3.500.000 2012
2.042.000 2013) 201004580069 (
62.500 2011, 150.000 2012 87.500
2013)
1,

2
3, ,

, :
16069
. 1105
3 2011

2.6.2011......................................................................................................

...................................................

. .........

. .........
o
. ........................................................................................................

. .............................................................................

.3459/06 . ...................

.3459/06
. ..............................

... ...........................................................................................................

22
. ..............................................................................
2
3
4
5
6
7
8
9
10
. 2/41958/0023
(1)
2.6.2011.

:
1. 1 .2187/94
( 16//8.2.1994).
2. 5 12 .2198/1994
,

(
) ( 43//22.3.1994).
3. 31 32 . 1914/90

,
( 178//17.12.1990).
4. 11 . 2459/1997

( 17//18.2.1997),
9 . 2579/98 ( 31//17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682/
1999 ( 16//1999).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.1.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151//6.7.1998).
10. .. 185/2009
( 213//7102009).
11. . 2672/3122009

( 2408//3122009).
12. . 2/27162/0023//1752006
24.5.2006
, , ,
, 20.8.2011 ( 695 /2006).
13. . 3861/2010

,
16070
( )

( 112//2010).
14. . 882/30.5.2011 ....
,
:
,
2.6.2011

( 6.000.000,00),
:
ISIN
GR0114019442
2.6.2011
20.8.11
3,90%
6.000.000,00
98,83%
5.929.800,00
183.353,42
6.113.153,42

2.6.2011
, ,

( 6.113.153,42),
5.929.800,00 , 183.353,42
.

.
, 31 2011

F
. 19 5024465 2011
(2)

.
O
:
1. 27 827/78

( 194//18111978).
2. 4 120
2533/1997
( 228//11111997).
3. 17 .. 86/79

( 17//3111979).
4. . 19 5042565 2010/5102010

.. ,
( 1671//2010).
5. . .3119/120/0019/171194

..
6. . 6 1142500 2010/26102010

( 1725//3112010).
7. . 6 1000473 2011/312011

,

, ,

( 46//11).
8. . 1116/442011
..,

.
9. . 1697/30511
30.5.2011

, :
1.

,
, ,

, , 30.5.2011
. 2 17
.. 86/79.
2.
5.850,68 2
151,75 2,
323,28 2, (6)
154,495 2, (7)
.
3.

...
4. ,
.. 86/79,
,
120 .2533/1997,
,
,
.. ,
...
5.
,
.
, 31 2011

18067
. 1283
16 2011

13 20/05/2011

. ..........................

20/05/2011. .............................................................................................

19/05/2011. ..............................................................................................

13 20/05/2011
.....................................................................

......................

(....). ................................................................................................
1
2
3
4
5
. 2/38106/0023
(1)

13 20/05/2011

.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
3. 5 12 . 2198/
1994
,

( ) ( 43 /22.3.1994).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/1998 ( 31 /17.2.1998),
37 . 3130/2003
...(
76 /2003).
5. . 2842/2000

() 1103/97, 974/98 2866/98 ,
. ( 207
/27.9.2000).
6. 90 91 . 2362/1995
,
... ( 247 /27.11.1995) 64
,
38 . 3871/2010 ( 141 /17.8.2010).
7. . 2628/1998

(....)
( 151 /6.7.1999).
8. .. 3745/1957
( 173 /1957),
4 . 1266/1982
( 81 /2.7.1982).
9. . 2021180/2981/0023/31.3.1997

, ...
( 286 /10.4.1997).
10.
. 2/89260/29.12.2000

( 615 /23.05.2001).
11. . 2/91001/0023/ /29122010

( 2241 /2010).
12. . 2/91007/0023//29122010

2011 ( 2238 /2010).
13. .. 185/2009
( 213 /7.10.2009).
14. . 2672/3122009

18068
( )

( 2408 /3.12.2009).
15. . . 797/13052011 ...
.
17/05/2011
, :
,
17 2011,
,
,
.
.
1. , ,
13 ,
, 20 2011
19 2011.
2. 360
(ACT/360).
3.
(
1.250.000.000,00).
4.
.
5.
.
6.

(10%).

.

.
.
.
1)

(...).
,
17 2011, ,
(....).
,
,
(cut
off price).
2)
,
5
.
( 5.000.000)

.

(
1.000.000).
3)

.
4)

( 1.000).
5)
(
).

, 30%
.

.

(cut
off price).

.
,
17 2011 12.00
.
6)

17 2011
12:45 ,
(....).
7)
,
( 12:00
19 2011),
,

(cut off price)
30%
.
,

, .

.

12:45 19
2011, ().
8) (Settlement)
20 2011,
.
9)
, ,
.
.

20 2011 (),
,
27 2011, ,
,

,
,
, .
,
..,
18069
( )
(...)
...
(...).

,
ISIN 20
2011 .
,

.

...
.

, ISIN ,
.

ISIN () ISIN
( ),
. 5 ,

... ...

ISIN ,

,
ISIN
ISIN .
.
.
:

2011,

.

.
, 17 2011

F
. 2/39186/0023

20/05/2011.
(2)
Y
:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247 // 27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. . 2/4627/0023/25.01.2001
,
,
( 370/542001).
9. . 2628/1998

(....)
( 151 /6.7.1998).
10. .. 185/2009
( 213/7102009).
11. . 2672/3122009

( 2408/73122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20/08/2011 (
695 /2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . 811/17052011 ....
,
:
,
20052011

( 14.000.000,00),
:
ISIN
ONOM.
GR0114019442
20/5/2011
24/05/06
20/08/11
3,90%
14.000.000,00 99,05%
13.867.000,00
408.378,08
14.275.378,08
14.000.000,00
13.867.000,00
408.378,08
14.275.378,08
18070
( )

20052011
, ,

( 14.275.378,08),
13.867.000,00 ,
408.378,08 .

.
, 18 2011

F
. 2/39082/0023

19/05/2011.
(3)

:
1. 1 . 2187/94
( 16/8.2.1994).
2. 5 12 . 2198/
1994
,

( ) ( 43/22.3.1994).
3. 31 32 . 1914/90

,
( 178/17.12.1990).
4. 11 . 2459/1997

( 17 A /18.2.1997),
9 . 2579/98 ( 31 17.2.98).
5. 15 . 2628/1998 (
151//1998) 31 . 2682
/99 ( 16/1999)).
6. 64, 90 91 . 2362/95

( 247//27111995),
.3871/2010 (
141//1782010).
7. . 2021180/2981/0023/31.3.1997

, ..
( 286//10.4.1997).
8. .2/4627/0023/25.01.2001
,
,
( 370 /542001).
9. . 2628/1998

(....)
( 151 A/6.7.1998).
10. To .. 185/2009
( 213A/7102009).
11. . 2672/3122009

( 2408 /3122009).
12. . 2/27162/0023/1752006
24/05/2006
, ,
, , 20.8.2011 ( 695
2006).
13. . 3861/2010

,

. ( 112 /2010).
14. . 803/16052011 ....
,
:
,
19052011

( 13.000.000,00),
:
ISIN
TOK.
ONOM.
GR0114019442
19/5/2011
20/08/11
3,90%
13.000.000,00
98,91%
12.858.300,00
377.819,18
13.236.119,18

19052011
,
,

( 13.236.119,18),
12.858.300,00
, 377.819,18
.

.
, 17 2011

. 2/39024/0023
(4)

13 20/05/2011
.

:
1. 31 32 . 1914/1990

,
( 178 /17.12.1990).
2. 1 . 2187/1994

( 16 /8.2.1994).
( )
3. 5 12 . 2198/
1994
,

( ) ( 43 A /22.3.1994).
4.

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OFFERING CIRCULAR 4-7-2006

OFFERING CIRCULAR 7-5-2004

#O,OW,WO,aoO 3.60 per cent. Notes due 2017

Rice: laOdO per teat

The dual afthim Pdciag supplt&ucnt

7lci.sPncingSupplementdoesnot constitutean o&r aJ or an iwUion by VTon b&&of

Nom id A S K M UofNom ~abe

(IF ANY) PAYABlE

Fid lbtc(4) of tnazct:

~&et tam applkhlc on ctdaption

has been made to list the Notes on the Luxembourg

The date of this Offering

Circular is 13 April 2000.

Terms and Conditions

Summary of provisions relating to the Notes while in global form

The Notes are in bearer form and in the denomination

Status of the Notes

The Notes constitute direct, general, unconditional,

is less than an Interest

below, the Notes will be

Note or Coupon is not a Payment

a day on which the TARGET

by or on behalf of a holder who is subject to such Tax in respect of such Note or

by or on behalf of a holder who would not be liable for or subject to such

The Relevant Date in relation to any Note or Coupon means:

the due date for payment thereod or

If any of the following

events (Events ofDefault)

the Republic is in default in the performance of any other covenant, condition or

in respect of any other External Indebtedness in an amount equal to or exceeding

a general moratorium is declared by the Republic or the Bank of Greece in respect of

order, decree or enactment shall be made whereby the Republic is

Ministry of Finance, General Accounting

Office, Public Debt Management

Law and Submission

the Permanent Global Note, which endorsement

Notices shall be given as provided in Condition

issue of the Notes has been

To the Republic as to Greek law

To the Manager as to English law

To the Manager as to Greek law

8. , 1100383/1330/0006/ 31.10.2001 ( 1485//01).

The Hellenic Republic

MERRILL LYNCH INTERNATIONAL