Greece is proceeding with a new 30-year bond issue, wanting to take advantage of the momentum that is returning to the international markets, but mainly the positive sentiment towards Greece after S&P unexpectedly upgraded its outlook to positive on Friday night.

Specifically, the Public Debt Management Agency (ODDIX) has authorised BNP Paribas, BofA, Deutsche Bank, Goldman Sachs Bank Europe SE, JP Morgan and Piraeus as Joint Lead Managers for a new security maturing on June 15, 2054.

The syndicated transaction will commence in the near future, subject to market conditions, the statement concludes.

This is the second largest market exit this year, following the new 10-year issue in January, and the offer book is expected, if market conditions are favourable - to open tomorrow, Wednesday.

Recall that on April 17, the ODDIX reissued Greek securities maturing on February 4, 2035, raising €200 million with a yield of 3.61%.