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GreeceBusinessGreece to reopen 10-year bond issue on Wednesday

Greece to reopen 10-year bond issue on Wednesday

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
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Greece will reopen a 10-year issue on Wednesday, seeking to raise up to 300 million euros from the market. The 10-year bond issue offers a coupon of 4.25% and has a mature date of June 16, 2033. Settlement date will be Wednesday, April 26.

This will be the first bond auction to be held in a framework of a three-month auction programme announced recently by the Public Debt Management Authority with the aim of improving the operation of the secondary bond market.

The move comes a few days ahead of a decision by Standard & Poor’s on the country’s credit rating on Friday (April 21). Only the market’s primary dealers will participate in the auction.

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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