The book of offers for the Greek 10-year bond that was issued last January, expiring on June 18, 2031, has opened.
It is worth noting that the initial interest rate was set at 90 basis points + mid swap (which moves at 10 bp), ie in the area of 1%.
The goal is to raise close to 2 billion euros, however the final amount will be determined by demand.
In the previous issue of January, the final interest rate (yield) was 0.807% (100 basis points plus mid swap) from the initial 110 bp. (plus mid swap), and the coupon at 0.75%.
In this reopening phase, the final interest rate is expected to be higher. Public Debt Management Agency (P.D.M.A.) chose to follow the path of re-opening, in order to achieve one of its main goals which is to improve liquidity in Greek securities
The issuers of the issue are the six international banks BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC, J.P. Morgan and Nomura. Although there were suggestions from the Primary dealers for a new title. The 10-year bond has a size of 3.5 billion euros and thus is expected to increase to about 5.5 billion euros, satisfying investor demand. After all, it expires in June 2031, which means that it is 10 years old, something that Public Debt Management Agency (P.D.M.A.) had in mind in January when it issued the title for 10 and a half years.
The high cash resources (over 33 billion euros), the limited financing needs of the Greek State for 2021 and the purchases from the ECB program create favorable conditions for the continuation of the successful presence of the country in capital markets.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece moves up 9 spots in EIU’s Democracy Index; now in 25th place out of 167 countries
The country’s overall score rose to 7.97 last year, up from 7.56 in 2021, which placed Greece in 25th place
Reports: Ellington withdrawing from Attica Bank; Thrivest to participate in share cap increase
Ellington’s head of operations in Greece on Thursday resigned from the ATHEX-listed lender’s board of directors
Draft amendment aimed to prevent party formed by imprisoned GD cadre from vying in next election tabled
The draft bill is expected to land on Parliament’s floor on Tuesday
Covid-19 Greece: Public health officials point to decreased number of hospitalizations; slight hike in related fatalities
The number of intubated patients totaled 135, down from 153 in the third week of February.
Large industrial property in east Thessaloniki sold for 9.237 mln€ in auction
Total arrears – dating back to 2010 - owed to 225 former employees of the insolvent company total 11.5 million euros
Alpha Bank raises 400 mln€ from Tier 1 issue
The issue was oversubscribed by 5.7 times
Eurostat: Jan 2023 inflation rate in Greece at 7.2%; 8.5% for Eurozon
Energy prices rose by 17.2 percent in the Eurozone
Air force confirms fatality of second pilot of F4 that crashed into sea on Mon.
A terse announcement said search and rescue operations have been concluded, with the collection and analysis of findings confirming the fatality
Jobless rate in Greece falls to 11.6% in Dec. 2022, from 12.6% a year earlier
Figures announced by Greece’s statistics authority (EL.STAT)
4.1R quake felt in Thessaloniki area
The tremor was felt in the greater Thessaloniki area.
