Greece opens books for 7-year bond, initial price thoughts at around 2.1 pct
FT: Greece preps new 7-year bond after sharp rally
Greece has opened books for a new seven-year bond, its third such issue since it emerged from international bailouts last year, according to IFR, Refinitiv’s capital markets news service on Tuesday.
Initial price estimate was for a yield of around 2.1 percent, IFR said.
[Reuters]
FT: Greece preps new 7-year bond after sharp rally
Greece has hired banks to sell a new seven-year bond as the nation once at the centre of the eurozone crisis moves to take advantage of investors’ thirst for euro-denominated debt.
The country has mandated six banks to handle the transaction, according to a filing with the Athens stock exchange. The filing said it would be a “benchmark” issuance, meaning Greece plans to raise at least €1bn.
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