Bond 11 times oversubscribed

Greece’s new 30-year bond created the second largest bid book since 2010, as demand exceeded 33 billion euros, covering the €3 billion raised 11 times, with the yield at 4.241% and the coupon at 4.125%.

Issue of new 30-year bond

Armed by the surprise move from Standard & Poor’s last Friday, upgrading Greece’s outlook to “Positive,” the Public Debt Management Agency is on Wednesday set to make its second major market foray for 2024, with a new 30-year bond.

Reform and politics

The decision by Moody’s to keep Greece’s credit rating one step below investment grade shows once again how the problems in our judicial system cost a lot of money, in addition to their undermining citizens’ confidence in institutions. There has been progress in several economic indicators in recent years, yet the problems on which the […]