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.
