Strong demand for Greek 7-year bond reissue

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A book-building process for the reissue of a 7-year bond attracted strong interest on Wednesday, with bids exceeding 5.8 billion euros with only half an hour remaining for the completion of the process, sources said.

The same sources noted that increased interest contributed in revising down the guidance for the interest rate to mid swap +110 bps from mid swap +115 bps at the opening of the book-building process.

Meanwhile, a six-month Treasury bill auction was successfully completed. The Greek state raised 812.5 million euros from the auction at an interest rate of -0.14% (-0.20% in the previous auction).

Source: ANA – MPA

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