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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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Yields rise, but Greek debt still partly shielded from market headwinds
High participation in bond swap provides end of year boost
The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.
Last Monday, the PDMA announced an invitation to bondholders of certain GGBs that mature between 2023 and 2042 to be exchanged with four benchmark notes that mature in 2027, 2033, 2037 and 2042 as part of a liability exercise.
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