Greece prepares for a 3-year benchmark bond issue

Photo by Can Esenbel []
Photo by Can Esenbel []

The Greek Finance Ministry confirmed on Wednesday that it has mandated international banks for a forthcoming 3-year benchmark bond issue under English law. According to the announcement, the transaction is expected to be launched and priced in the near future subject to market conditions.

Press reports earlier today indicated that the amount of the issue would reach 2.5 – 3 billion euros with the yield expected at 3 – 3.5 percent.

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