The amount of 2.5 billion euros was raised by the Greek state through today’s five-year bond issue. The interest rate was set at 90 basis points on the average swap, i.e. at 3.92%, while the original target was 5 basis points higher. The total demand for the Greek version exceeded 15.9 billion euros.

The Greek state has nominated BNP Paribas, Citi, Deutsche Bank, Morgan Stanley, Nomura and Piraeus Bank for the issue, which is our country’s second entry into the markets this year, as Athens tries to take advantage of the opening window. before lengthy electoral processes create reasonable uncertainty in the markets.

Since the planning of the elections calls for, in effect, the formation of the next government in July, ODDIX wanted to make its move now. In addition, the goal is, among other things, to maintain a constant presence in the markets, which shows regularity.

This was preceded by a 10-year bond issue on January 17, through which the Greek state raised €3.5bn with offers worth €21.9bn and an interest rate of 4.4%.

Read more at Moneyreview