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Some key tasks pending as Greece edges closer to completing post-programme process
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Recovery in car sales slows to 2.7 pct in August
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Rise of property prices continues with 4.6 pct increase in Q2
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Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
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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