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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Reopening of 10-year bond secures record low yield of 1.5 pct
Greece’s Public Debt Management Agency (PDMA) published the details of the country’s fourth syndicated transaction for 2019 which came in the form of the reopening of the 10-year bond maturing in March 2029 that was issued earlier this year.
Greece’s debt managers managed to achieve a reoffer yield of 1.5 percent, after an initial guidance of 1.55 percent, which is a historic low for the Greek sovereign, tapping 1.5 billion euros at a price of 120.686 percent.
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