The Greek state is preparing to once again tap the markets with a 10-year bond issue within the next few days. The Greek state aims to raise 1.5 to 2 billion euros.
The Public Debt Management Agency (PDMA) on Tuesday instructed the banks serving as joint bookrunners on the transaction (Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank) to issue the bond maturing in June 2031, from which the Greek state hopes to raise 1.5-2.0 billion euros, state-run news agency amna reported on Tuesday.
The PDMA’s target for this year is to issue bonds worth 12 billion euros, with which the finance ministry will cover the increased spending to support the economy while maintaining a substantial cash buffer.
