The Greek Deal.com
BONDS
Seeking to raise €11 billion from markets
Armed with new upgrades from the rating agencies and fiscal stability, the Greek government is setting its sights on the markets in 2025, seeking to raise €11 billion.
€924 million bids for the re-issuance of the 10-year - At 3.11% yield
High demand was recorded today in the auction (reopening) of the 10-year Greek government bond as bids exceeded the amount the Ministry of Finance was seeking to raise by 3.7 times.
Auction for the re-issuance of bonds on 18 September
Αn auction will be held οn Wednesday, 18 September 2024 for the re-issuance of Greek government bonds with a fixed interest rate of 3.375%, maturing on 15 June 2034.
Deutsche Telekom has covered a €40 million bond issue
On June 24, OTE plc, a subsidiary of the Hellenic Telecommunications Organization of Greece S.A., issued a €40 million bond maturing in October 2024.
Yield of 3.87% on the issuance of 6m bonds - Oversubscription 1.37 times
During the auction of EUR 375 mln of 26W T-Bills conducted today, the total bids reached EUR 514 million
How will the raised bonds be allocated
The offering price of the Bonds is at par, namely at €1,000 per Bond. The final yield of the Bonds was set at 5.50% and the Bonds’ interest rate at 5.50% per annum.
Why it's proceeding to issue a bond
According to information, the bank is attempting to capitalize on the positive momentum in the Greek economy, especially in the banking sector, following the placement in the National Bank
The Greek Government is proceeding with a re-issuance of the 10-year bond
At markets it comes out today Greek State with the 10-year reissue seeking to raise €200 million.
Lagarde praises Greek economy's return to pre-Covid levels
ECB's president said that Greek bonds are now eligible to participate in ECB's repurchase programs, as they have been excluded due to their "junk" status.