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Friday, August 12, 2022
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GreeceBusinessStrong demand for Greek 7-year bond reissue

Strong demand for Greek 7-year bond reissue

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Hellenic News of Americahttps://www.hellenicnews.com
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A book-building process for the reissue of a 7-year bond attracted strong interest on Wednesday, with bids exceeding 5.8 billion euros with only half an hour remaining for the completion of the process, sources said.

The same sources noted that increased interest contributed in revising down the guidance for the interest rate to mid swap +110 bps from mid swap +115 bps at the opening of the book-building process. Meanwhile, a six-month Treasury bill auction was successfully completed. The Greek state raised 812.5 million euros from the auction at an interest rate of -0.14% (-0.20% in the previous auction)

SOURCE; AMNA

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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