Greece announced on Tuesday the reopening of a five-year bond issue on Wednesday maturing on June 15, 2028 and carrying a fixed interest of 3.875%.
Public Debt Management Authority plans this reopening to satisfy investment demand and to facilitate operations in the second bond market. The auctioned sum will be 250 million euros and settlement date will be Wednesday, 24 January. The auction will be made with the primary dealers of the market.
On the domestic electronic secondary bond market, the 10-year Greek bond yield was 3.30%, the 10-year German Bund yield was 2.22% and the yield spread between the two benchmark bonds eased to 2.08% from 2.11% the previous day. Turnover was a thin 87 million euros, of which 42 million were buy orders.