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GreeceBusinessGreece launches 10-year syndicated bond issue

Greece launches 10-year syndicated bond issue

Hellenic News of America
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Greece on Tuesday launched the book-building process for a new 10-year syndicated bond issue.

Alpha Bank, Barclays, Citi, Commerzbank, Nomura and Societe Generale act as coordinators of the issue.

The issue of a 10-year syndicated bond by Greece on Tuesday attracted spectacular demand, with bids so far exceeding 30 billion euros. The interest rate of the issue was set at 3.45% (80 basis points above the mid swap).

The 10-year bond was the first Greek exit on capital markets for 2024 (Greece reopened a 5-year bond last week) after the country obtained an investment-grade rating from credit rating agencies. Greece plans to borrow 10 billion euros this year (5.4 billion in net funding needs and 4.85 billion on interest payments).

SOURCE; ANA-MPA

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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