Market news
17.03.2021, 11:24

Greece opens books on 30-year bond, sees 17 billion euros of demand

Reuters reports that Greece got 17 billion euros of demand for its new 30-year bond issue, its first such sale in over a decade.

Pricing was set in a range of 150-155 basis points over mid-swaps, the lead manager said.

Greece last issued a 30-year bond in 2008, a year before the start of its worst debt crisis in decades. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last January.

Greece plans to borrow up to 12 billion euros this year and has already raised 5.5 billion euros with the reopening of a 30-year bond through a private placement and a new 10-year bond issue in January.

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