Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate

Economy Tags: Debt, Markets
Photo by MacroPolis
Photo by MacroPolis

Greece’s debt managers leveraged the positive sentiment after S&P’s revision of the outlook for Greek Government Bonds (GGB) to positive last Friday and issued a new 30-year bond on Wednesday, the longest maturity since the same issuance in early 2021.

Greece drew 3 billion euros with a yield of 4.24 pct and a spread of almost 152 basis points over bunds. The coupon was set at 4.125 pct and the re-offer price was 98.06 cents.

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