Book-building process opens for Greek seven-year bond issue
The book-building process for Greece's seven-year bond issue maturing on July 23, 2026 opened shortly after 10:00 on Tuesday, with an initial interest rate of 2.1 percent.
Greece has mandated Barclays, BofA Merrill Lynch, Deutsche Bank, Morgan Stanley, Nomura and Société Générale as joint lead managers for the upcoming transaction, according to a regulatory filing to the Athens stock exchange.
The seven-year bond issue is the first carried out since the change in government and the third since the start of the year. The Greek State had previously borrowed approximately five billion euros through the issue of a five-year bond and a 10-year bond. Given that the country's borrowing target for this year stands at seven billion euros, the issue of the new seven-year bond is expected to raise approximately 2.5 billion euros.
Source: ana-mpa
Σχετικές ειδήσεις
Δημοφιλείς Ειδήσεις
