Reopening of 10-year Greek bond issue attracts 26 billion euros in bids

Euros bonds

Capital markets offered another vote of confidence in the Greek economy as the reopening of a 10-year bond issue by Greek authorities on Wednesday attracted 26 billion euros in bids.

The interest rate of the issue was set 0.92% (Mid Swap + 82 basis points), down from an initial 1.0%.

Greece on Wednesday opened the book-building process for the reopening of a 10-year bond issue, maturing in June 2031 and originally issued in January 27 this year.

The Mediterranean country is seeking to raise 2.5 billion euros from capital markets.

BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan and Nomura are the underwriters of the syndicated issue.

Greece has raised 8.5 billion euros through bond issues so far this year – 3.5 billion with 10-years, 2.5 billion with five-years and 2.5 billion with 30-years.

READ MORE: Skylakakis: We expect significant economic recovery going forward.

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