Launch of the 7-year bond probably tomorrow

Launch of the 7-year bond probably tomorrow

The Greek Stock Exchange officially announced that the Greek State have instructed Barclays, BNP Paribas, Citi, JP Morgan and Nomura to become the main contractors and issue the 7-year bond.

The transaction is expected to begin and be priced in the “near future” under market conditions, the announcement reads. According to information, the bidding book will most likely open tomorrow.

As is well known, the state looks forward to raising an amount of € 3 billion, which will be used as part of the “liquidity cushion” it prepares for the post-bailout period.

However, these last few days there is optimism regarding the success of the venture. Last week, Bloomberg reported that Greece is likely to find many buyers not only because the country’s economy is stabilizing but also because there are not many other bonds with better returns in Europe…/IBNA