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Economy

Greece Plans Seven-Year Syndicated Bond Issue

April 14, 2020
ANA

ATHENS – Greece will issue a seven-year bond and has already mandated Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura, Societe Generale to move with all related procedures, sources said on Tuesday.

The sources said that the exact time of the syndicated loan has not yet been determined. In any case, following recent decisions taken by the European Central Bank, the new bond will be used by Greek banks as collateral for liquidity. It will also be eligbible for the PEPP program (Pandemic Emergency Purchase Program) of ECB.

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ATHENS - S&P credit rating agency upgraded Greece’s outlook to 'positive' from 'stable' on Friday, April 19, 2024 while maintaining the investment-grade rating of BBB-.

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