-
BoG cautiously optimistic on economy and banking sector
-
S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
-
Housing costs, food prices set limits to impact of tax cuts
-
Moody's keeps rating unchanged at 'Baa3' - outlook stable
-
Underspend and taxes push primary balance up to Aug 3.77 bln above target
-
DBRS leaves credit rating of 'BBB' and stable outlook unchanged
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
The cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield curve, continued on Tuesday via the re-opening of a 5-year issuance.
In July, the PDMA issued a 5-year senior floating rate note, only available to the primary dealers that were the four systemic banks, in a rare variable interest rate issue with a coupon of 3M Euribor plus 123 basis points, which at the time was 1.13 pct.
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 €530 per year.
€530.00