Greece seeks a return to the bond market

Posted by Christian J. Hadjipateras 24/07/2017 0 Comment(s) Economia Blog,
Greece has made its first attempt in three years to return to the bond markets by inviting holders of its outstanding 4.75% bonds, which mature in 2019, to tender them for cash along with a plan to offer new five-year paper.
 
The news, revealed earlier today, confirmed speculation that Greece would attempt to return to the markets following the Eurogroup meeting last month. With the bailout program set to conclude next year, it is seen as a further sign that the country is seemingly emerging from the debt crisis.
 
More details on the latest move reveal that BNP Paribas, Citigroup Global Markets, Deutsche Bank, Goldman Sachs, HSBC and Merrill Lynch have been mandated as joint lead managers for the benchmark size offering.

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