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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
Amid the uncertain times of the Ukraine conflict and the inflationary pressures globally, but after Greece’s upgrade by S&P last week to one notch from investment grade and the recent prepayment of IMF loans by the government, the Public Debt Management Agency (PDMA) saw a window of opportunity to dip back into the bond market.
It triggered the reopening of the 7-year bond that was issued in April 2020, which was the first issuance after the pandemic began.
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