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Greek FRN Re-Open And Investor Call Scheduled Tuesday

EUROZONE ISSUANCE

A few items on the Greek issuance agenda this morning:

  • PDMA has announced a re-opening of Dec-27 FRN (+1.23%) (ISIN GR0514024216), with E750mln to be auctioned. Details are available at the PDMA website.
  • We had noted in our issuance week-ahead that Greece could syndicate a FRN in the near future.
  • Also, Bloomberg reports Greece will hold an Investor call organised by JPMorgan on Tuesday at 1500UK time with Alex Patelis, Chief Economic Adviser to the Prime Minister, "to discuss the economic outlook and investment opportunities in Greece".
  • GGB spreads to Bunds widened on the open but retraced to flat, then net tightened after the buyback announcement.

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