Free Trial

Greek 30y mandate

EUROZONE ISSUANCE
  • Greece has announced a mandate for a new 30-year GGB, maturing 2052.
  • The transaction will take place in the "near future" (we expect tomorrow).
  • Note that since the crisis, the longest maturity debt Greece has sold to the market has been 15-year GGBs (although 30-year GGBs have been created through swap operations with the National Bank of Greece).
  • We expect a transaction size of E1.5-2.0bln (although could potentially see a deal as large as E3.0bln if demand is very strong).
  • Bookrunners for the transaction will be BNP Paribas, Goldman Sachs Bank Europe SE, HSBC, J.P. Morgan and National Bank of Greece.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.