Athens is ready to enter the markets with a reissue of a bond
Everything ready for her new exit of Greece in the markets, a few days after the S&P upgraded the country’s debt to BB +. The new version that will take place today Wednesday concerns the reissue of a bond maturing on April 22, 2027 and 2% coupon. The Greek State expects to raise an amount between 2 and 3 billion. euro, while the interest rate is unexpectedly expected to move in the region of 2.3%.
Information, however, states that it already has expressed interest for offers of around 10 billion. euro, an element that foreshadows significant over-coverage of the issue.
According to his announcement ΟΔΔΗΧThe contractors of the issue are BNP Paribas, BofA Securities, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and JP Morgan.
The previous debt issue was in mid-January, with a ten-year bond, from which the Greek State raised 3 billion. euros, with the yield reaching 1.8%. A corresponding amount is about aspirations to draw tomorrow from the new version.
According to his preliminary program ΟΔΔΗΧ Greece had planned to issue securities worth 12 billion. euros in 2022.
Source: www.newmoney.gr
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