Greece raised 2.5 billion euros ($2.77 billion) through a 15-year bond sale on Tuesday, according to a lead manager.
The bond priced for a yield of 1.911%, according to a source at the lead manager. The bond will pay a coupon of 1.875%.
Barclays, BNP Paribas, BofA, Goldman Sachs, HSBC and JP Morgan managed the sale.
The latest sale was announced on Monday when yields on 10-year notes hit a record low following Fitch Rating’s decision to raise the country’s sovereign grade.
The last offering of this tenor was concluded less than a year before the nation received a bailout, closing Greece off from international markets. It raised 7 billion euros at the time at 5.39%.
“It makes sense for these Treasuries to fund now,” said Peter McCallum, a rates strategist at Mizuho International Plc in London. “Greece can add a longer maturity point to their curve after the 5-year and 10-year last year, which should be well sought after,” he added.
Sourced via Reuters and Bloomberg.
