There was high demand for the issue of a new 30-year Greek state bond on Wednesday, with bids exceeding 28 billion euros, and the interest rate falling to 4.25% from 4.3% initially.
The last time the Greek State borrowed through a 30-year bond issue was in 2021, while the last occasion it tapped the markets with a bond issue was in January, when it had raised 4 billion euros, while attracting bids amounting to 35 billions euros. In total, Greece aims to borrow 10 billion euros for the entire year. The size of the new 30-year bond issue is estimated to be between 2.0 and 3.0 billion euros.
Managers of the new syndicated issue are the banks BNP Paribas SA, Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Piraeus Bank SA.
SOURCE; ANA-MPA
