Image default
Greek News

Greece opens book-building process for 10-year bond loan

Greece on Tuesday launched a book-building process for a 10-year bond. The Greek government mandated BNP Paribas, BofA, Deutsche Bank, Goldman Sachs, HSBC and JPMorgan to issue the bond.

It is the second bond issued after the outbreak of the pandemic.

After a new round of QE by the European Central Bank (ECB) and the unveiling of the European Commission’s “Recovery Fund” plan, the climate is particularly favourable for Greek bonds, whose yields have fallen sharply (the yield on the Greek 10-year bond is at 1.38 pct).

By the end of May, the ECB had bought Greek bonds worth 4.69 billion euros under the PEPP (Pandemic Emergency Purchase Program). At the same time, at its last meeting, it decided to increase the funds for emergency asset purchases due to the pandemic by 600 billion euros, to a total of 1.35 billion euros. This means that the ECB will buy more Greek bonds, thus supporting the country’s borrowing costs.

See Also: 

Greece & Italy sign Maritime Zones Agreement

Source: amna

Σχετικα αρθρα

Working hours needed to escape poverty at minimum wage for families (infographic)

admin

New online Tax Office portal to provide Greek taxpayers with plenty more services

admin

An iPhone for (Almost) Every Wallet (infographic)

admin

Apple’s Incredible 21st Century Growth (infographic)

admin

Cars Increasingly Ready for Autonomous Driving (infographic)

admin

49% of Greek Electricity Distribution Network Operator majority stake bought out by Australian company for record €2.1 bln

admin

Natural gas price up by 91%, as inflation rose in past month by 1.9%

admin

Greek supermarket owners pledge to avoid passing on price hikes to consumers

admin

Where Money Goes Mobile (infographic)

admin

North America and Europe Lead Bitcoin ATM Charge (infographic)

admin

Measures to counter energy price hikes to be taken, says Development Minister Georgiadis

admin

Minister Georgiadis warns of a substantial rise in consumer product costs

admin