Greece to reopen 10-year bond issue

Greece to reopen 10-year bond issue

Greece on Monday announced its return to international capital markets with the opening of the latest issue of a 10-year bond.
The Public Debt Management Authority in an announcement said it has commissioned BNP Paribas, Citi, Goldman Sachs, HSBC and JP Morgan to reopen the existing 10-year bond maturing in March 2029.
The 10-year bond yield ranges around 1.385 pct in the domestic electronic secondary bond market and the fixed interest of the bond issued in March 2019 was 3.9 pct (Greek authorities raised 2.5 billion euros from the issue).
The Greek government in a draft budget plan for 2020 tabled today in Parliament stressed that its borrowing strategy will focus on safeguarding a continuous issuing presence in international capital markets, offering high-liquidity issues and preserving a credible yield curve, further reducing borrowing margins and further ensuring the consistency of the Greek state as a sovereign issuer with the characteristics of a Eurozone member-state.

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