Greece opens book-building process for seven-year syndicated bond loan
- Written by E.Tsiliopoulos
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Greece on Wednesday opened a book-building process for a seven-year syndicated bond.
The Greek government mandated Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale to issue a seven-year bond. The issue will be eligible for the ECB's emergency asset purchase program. Greece's previous attempt to raise funds on capital markets was in January 28, 2020, with a 15-year benchmark bond carrying a coupon of 1.875 pct. Bids totaled 18.8 billion euros and the Greek state raised 2.5 billion euros. Greece's Public Debt Management Authority plans to raise 4-8 billion euros from capital markets this year.
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