Greece Seeks to Raise €2.5B with New 10-Υear Bond Issue

January 26, 2021

ΑΤΗΕΝS — Greece on Tuesday announced the issuance of a 10-year bond seeking to raise around 2.5 billion euros.

The Public Debt Management Aurhority mandated Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank to issue a syndicated bond, a few days after the Greek state completed a private placement worth 2.0 billion euros with Piraeus Bank with the reopening of a 30-year bond which was not included in this year’s schedule. The Greek government’s borrowing programme envisages draining 12 billion euros from capital markets. Analysts expect the new 10-year bond yield to range between 0.7 pct and 0.8 pct.

In the domestic electronic secondary bond market, the 10-year benchmark bond yielded 0.68 pct, the five-year bond yield eased to 0.06 pct from 0.08 pct on Monday and the 15-year bond yield eased to 0.959 pct from 0.97 pct. The yield spread between the 10-year Greek and German benchmark bonds was 1.21 pct with the German Bund yielding -0.53 pct. Turnover was 66 million euros of which 42 million were buy orders.


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Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

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