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
Fitch takes no rating action as fiscal continuity remains crucial to investment grade
Markets buoyed by election result
Bond re-opening with 4 pct yield completes debt strategy for year
The PDMA took another cautious step on Wednesday by completing the debt strategy for the year with a small re-opening of the issuance that matures in January 2042, also rounding up the re-opening schedule for the second quarter.
The transaction drew 1.23 billion euros, being oversubscribed by more than 6 times, fetching a yield of 3.99 pct, compared to a coupon of 4.2 pct in the original issue.
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