Athens says new five-year bond will be issued in 'near future'

Monday, 28 January 2019 13:07
FOSPHOTOS /Panayiotis Tzamaros
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The Greek state on Monday, as widely expected, announced a five-year bond issue - maturing in April 2024, according to an announced by the Public Debt Management Agency.

In a relevant statement, the agency said Athens has mandated BofA Merrill Lynch, Goldman Sachs International Bank, HSBC, J.P. Morgan, Morgan Stanley and SG CIB as joint lead managers for a new euro-denominated offering.

The same announcement added that the "transaction will be launched in the near future, subject to market conditions. ICMA/FCA stabilisation rules and regulations applies."

According to analysts in Athens, the Greek government aims at draining between two and two and a half billion euros from the market, and wants the yield to hover at between 3.5 to 3.6 percent.

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