There is strong demand for the issuance of the 5-year Greek government bond, as the offers exceed 13 billion euros. The initial interest rate was at 3.97% and retreats to 3.92%.

According to estimates, with the new bond, which expires on June 15, 2028, the State will raise an amount of at least 1.5 – 2 billion euros, thus covering almost 80% of this year’s loan program.

The new version, as it appears from the announcement, issued by ODDIX immediately after the announcement of the date of the elections yesterday by the Prime Minister, Kyriakos Mitsotakis, is undertaken by Paribas, Citi, Deutsche Bank, Morgan Stanley, Nomura and Piraeus Bank.

In the secondary market yesterday, the benchmark Greek five-year bond was trading at a yield of 3.75% from 3.62% the day before, while the yield on the Greek ten-year bond has risen to 4.19% from 4.14%, respectively.

It is recalled that since the beginning of the year, the Greek State has drawn approximately 3.5 billion euros from the markets. The total loan program for this year has been determined to reach approximately 7 billion euros.