Greece to reopen 10-year bond

Greece to reopen 10-year bond

Greece will reopen a 10-year issue on Wednesday, seeking to raise up to 300 million euros from the market. 

The 10-year bond issue offers a coupon of 4.25% and has a maturity date of June 16, 2033. The settlement date will be Wednesday, April 26. 

This will be the first bond auction to be held in the framework of a three-month auction program announced recently by the Public Debt Management Authority with the aim of improving the operation of the secondary bond market. 

The move comes a few days ahead of a decision by Standard & Poor’s on the country’s credit rating this Friday. 

Only the market’s primary dealers will participate in the auction.

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