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
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