Greece Launches Bookbuilding Process for the Reopening of 10-year Bond Issue

Αssociated press

(AP Photo/John Locher, File)

ATHENS - A bookbuilding process for the reopening of a 10-year Greek state bond issued in March 2019 opened on Tuesday with the initial pricing of the bond seting at 1.55 pct, an all-time low in the history of borrowing costs for the Greek state.

Greece decided to return to international capital markets on Tuesday, taking advantage of the very favourable climate prevailing in international capital markets for Greek securities. The Public Debt Management Authority commissioned BNP Paribas, Citi, Goldman Sachs, HSBC and JP Morgan to reopen an existing 10-year bond issue maturing in March 2029. The bond yields 1.385 pct in the domestic electronic secondary bond market.