Greece raised 2.5 billion euros in a dual-tranche syndicated government bond offer on Wednesday, with the center-right government beaming over what it called very high demand by investors in tandem with historic low yields.
The twin-floating of bonds raised 1.5 billion euros for the country with a five-year bond, with order books exceeding 9.3 billion euros in offers. The yield was a marginal 0,05 percent.
Another one billion euros were raised with the 30-year bond (2052), with order books closed after exceeding 9.6 billion euros, and with a yield of 1.67 percent.
The re-offer spread was 38 basis points above mid-swap for the five-year bond and 135 basis points above mid-swap for the 30-year bond, according to the lead manager banks.
Wednesday’s offers raise the debt sold by Greece this year to roughly 14 billion euros. Joint bookrunners were Alpha Bank, Barclays, Citi, Commerzbank and Morgan Stanley.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Which Islands Will Have Italians Flocking to Greece this Summer?
Well-known Italian travel magazine details reasons why Skopelos, Naxos and Astypalaia are the go-to summer destinations for Italians
Antentokounmpo 5th Highest Paid Athlete in World
The basketball player rakes in 111 million dollars per year, between his salary at the Bucks and endorsements from big brands like Amazon, Nike and Pepsi
Greek FM Gerapetritis: Need to Immediately End Gaza Hostilities
Gerapetritis added that a humanitarian crisis was transpiring in Gaza, with the concerns now being spillover in the wider Middle East.
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
