Greece eyes 12-month bond issue, first after eight years
Greece’s Public Debt Management Organization is expected to announce a 12-month bond issue, even within the day, roughly eight years after the Greek state last issued such paper.
According to reports, the issue will aim to drain some one billion euros from the markets, with top finance ministry officials hoping that the yield will hover at 1.5 percent or lower.
The primary aim appears to be an intent to further improve the interest rates associated with such bond issues, as well as to lower the number of three-month and even six-month bond issues.
In a bid to deflect any “let down”, top government sources on Thursday said that a yield of slightly higher than 1.5 percent will be considered satisfactory.
You may be interested
“Xenophon”: Powerful storm to hit Greecemakis - Sep 25, 2018
“Xenophon” is the first strong storm that will hit Greece this fall, arriving on Tuesday, September 25 with gale-force winds…
Kidnapped boys in Cyprus foundmakis - Sep 25, 2018
The two Cypriot children that had been kidnapped earlier on Tuesday have been found after police utilised information provided by…