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Monday, May 23, 2022
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Greece announces return to capital markets

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Hellenic News of Americahttps://www.hellenicnews.com
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Greece on Tuesday announced its return to international capital markets and mandated six banks to run a reissue process for a 7-year bond maturing in April 2027.
The 7-year bond issue carries a coupon of 2% and yields 2.013%.

The decision to return to capital markets follows Friday’s upgrade by Standard & Poor’s of Greece’s credit rating by one notch to BB+ with a stable outlook from BB with positive outlook. This rating is only one notch away from investment grade.

The Public Debt Management Agency mandated BNP Paribas, BofA Securities, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and JP Morgan for the issue.

SOURCE; AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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