The Greek State goes to the markets, for the first time after the national elections in June, by auctioning the new 15-year bond. The climate in the Greek bond market remains positive, however throughout the eurozone bond yields are moving upwards.
Open the bid book for the new syndicated issue of 15-year bonds. The initial interest rate is set at 130 basis points above the mid swap (3.2%), close to 4.5%.
The Greek State goes to the markets, for the first time after the national elections in June, by auctioning the new 15-year bond. The climate in the Greek bond market remains positive, however throughout the eurozone bond yields are moving upwards.
It is recalled that the Greek government has already covered the entirety of this year’s bond issuance program, having drawn the amount of 7 billion euros.
At the same time, in an effort to balance the so-called bond yield curve, the Public Debt Management Organization will proceed with the repurchase of two Greek government securities. This is the bond with an interest rate of 3.45% maturing in 2024 for a total amount of 2.5 billion euros and a bond with an interest rate of 3.375% maturing in 2025 for a total amount of 3 billion euros.
The venture will be undertaken by BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs, JP Morgan and National Bank. In its announcement, ODDIX announces that it offers a repurchase price of 100.150 for the two securities.
It is noted that as already announced by Prime Minister Kyriakos Mitsotakis himself, the State will proceed with the early repayment of almost 5.5 billion euros from the first loan package of the Memorandum.
Source: Skai
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