Greece picks banks for 15-year bond, first foray into international markets since 2010 crisis

·

Greece on Monday opened books for a new 15-year bond issue, in its first foray into international markets since the 2010 financial crisis, officials said.

The state debt management agency said it had “mandated Barclays, BNP Paribas, BofA Securities, Goldman Sachs International Bank, HSBC and JP Morgan” as joint managers for the offering with a 2035 maturity.

According to officials, the issue plans to draw some 2-2.5 billion euros ($2.2-2.8 billion) at an interest rate of around two percent.

Athens is seeking to capitalize on the lower interest rates now available in the financial markets and a recent upgrade by ratings agency Fitch.

The country is emerging from a decades-long financial crisis and regular bond issues are seen as a step toward normalcy. They also aim to improve liquidity as well as its investor base.

Greece aims to borrow between 4.0 and 8.0 billion euros ($4.4-9 billion) in 2020, according to the government’s budget. Last year it raised 9.0 billion euros in bonds.

Sourced via Urdu Point.

greek film festival melbourne

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Philanthropy and fellowship shine at Hellenic Medical Society Gala Ball in Melbourne

The Hellenic Medical Society of Australia (HMSA), in collaboration with the Greek Community of Melbourne (GCM), hosted its annual Gala Ball on Saturday, October...

Victoria Haralabidou on love, loss and legacy: Revisiting ‘Brides’ at the Greek Film Festival

Actress Victoria Haralabidou reflects on her journey from Brides to today - a story of migration, memory and the power of love on screen.

Areti Ketime mesmerises Sydney at the Zeibekiko Festival Australia

The soulful sounds of Greece filled the Canterbury-Hurlstone Park RSL on Friday, 10 October, as Areti Ketime took centre stage.

Kazzie’s in Victoria celebrate 100 years with $3 million investment to secure legacy

They came from across Australia to celebrate 100 years since the founding of the Kastellorizian Association of Victoria.

WA’s Greek community honours victims of SS Empire Patrol shipwreck

A memorial was held at Church of Saints Constantine and Helen in Northbridge, Perth, commemorating victims of the SS Empire Patrol shipwreck.

You May Also Like

GCM Seminar: Cyprus and 1821 – Myths, Realities, Forgetting and Remembering

Associate Professor Andrekos Varnava will give the online lecture Cyprus and 1821: Myths, Realities, Forgetting and Remembering.

Sydney Olympic FC reveal men’s and women’s squads at 2023 season launch

Sydney Olympic FC held their 2023 season launch for their Men's and Women's first-grade squads on February 3 at Canterbury Leagues Club.

Greece’s Ambassador to Australia sends joyous message on bicentenary of Greek Revolution

Greece's Ambassador to Australia, George Papacostas, has sent a message to Greek Australians to mark the bicentenary of the Greek Revolution.