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Economy

Greece to Reopen 10-Year Bond Issue

ATHENS – Greece on Tuesday announced the reopening of a 10-year bond issue, signaling its return to capital markets and saying that conditions in international bond markets were currently favourable, with yield spreads falling to their lowest levels since 2008.

The Public Debt Management Agency has mandated BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan and Nomura to act as underwriters in a reopening of a 10-year bond issue maturing in June 18, 2031, with an annual coupon of 0.75 pct. The syndicated issue will begin shortly depending on market conditions, PDMA said in a statement.

It will be the fourth time Greece borrows from capital markets in 2021. In early May, the PDMA issued a five-year bond issue, draining 2.5 billion euros from the market at an interest rate of 0.2 pct (an all-time low). In early 2021, Greece auctioned two bond issues raising 3.5 billion euros from the market with an interest rate of 0.807 pct and a 30-year bond raising 2.5 billion euros with an interest rate of 1.95 pct.

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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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