-
Moody's ups GGB rating by two notches, on par with S&P and Fitch
-
Return to investment grade overshadowed by flood destruction
-
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
-
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
-
Bond re-opening with 4 pct yield completes debt strategy for year
-
Fitch takes no rating action as fiscal continuity remains crucial to investment grade
Greek 30-year bond attracts strong demand at attractive yield
Leveraging the positive sentiment following the ECB announcement last week that it would pick up the pace on bond purchases, thereby settling the latest sovereign bond markets jitters, Greece issued an ultra-long 30-year benchmark, its longest issue since January 2007.
There was talk at the end of last year that Greece would issue a very long maturity bond as part of its funding strategy in 2021, however the PDMA opted for a more conservative 10-year benchmark at the end of January.
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.
€500.00