Book for offers open to investors
Greece will return to bond markets, according to reports on Monday.
The offers book is open for investors Monday and will remain so for 24 hours. The country invited holders of outstanding 4.75% 2019 bonds to tender them for cash in a switch offer. The government aims to draw €4.03bn at a rate below the 4.95% the previous government had borrowed at in 2014.
Bank of America Merrill Lynch, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs and HSBC are the contractors. No official announcements have been released yet, but sources say a teleconference is scheduled for around 3pm.
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