PDMA taps markets for first time this year via modest bond reopening

Economy Tags: Debt, Markets
Photo by MacroPolis
Photo by MacroPolis

Greece’s debt managers have tapped the markets for the first time this year, with the reopening of a 5-year issue that matures in June 2028, which had an initial issue yield of 3.875 pct. 

Auctions of reopenings were used extensively by the Public Debt Management Agency (PDMA) last year, with the first such move taking place in April last year, when a 10-year issue was reopened asking for 300 million euros. The transaction attracted signi...

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