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5-year-bond may reach 4.875%

The interest rate of the 5-year bond of Greece is estimated to amount to 4.875%, according to the guarantor banks involved in the procedure.

Both parts of the public offer -new bonds to investors and the switch of bondholders expiring in 2019- will be complete by the afternoon on Tuesday at which point a pricing will be issued. Bank of America-Merrill Lynch, Goldman Sachs, Deutsche Bank, BNP Paribas Citigroup and HSBC will price the the switch of old bonds followed by new investors based on the open book offers.