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Τρίτη, 05 Μαρτίου 2019 10:49

Order book opened for Greek 10-year bond

A book order was opened on Tuesday, as widely expected, for the issuance of a 10-year bond by the Greek state, with the initial coupon target hovering at 4.125 percent.

A book order was opened on Tuesday, as widely expected, for the issuance of a 10-year bond by the Greek state, with the initial coupon target hovering at 4.125 percent.

A clearance date of March 12, 2019 was cited, with a maturity date of March 12, 2029.

The post-bailout Greek state aims to drain two billion euros from the markets.

Banking sources said they expected bids to exceed 10 billion euros.

The yield on Greece's 10-year bond emerged at 3.68 percent on Tuesday, after falling to 3.63 percent on Monday, the lowest level since 2006.