FT: ESM plans on issuing a 40-year bond for Greece

The Financial Times reported that the European Support Mechanism (ESM) is planning on issuing a 40-year bond worth 1 billion euros, following the recent approval for disbursing financial aid to Greece.

According to the FT report, the sale is being arranged by Barclays, Deutsche Bank and Goldman Sachs, with the interest rate expected to be priced at about 1.865%, 40 basis point above mid-swaps – the Eurozone’s benchmark bond rate.

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