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
