Greece on Thursday returned to international capital markets with a seven-year syndicated bond through the launch of a book-building procedure.
It is one of three state bond issues scheduled by the Greek government until completion of the current bailout program in August.
The aim of these issues is to restore the country’s stable access to capital markets, to facilitate the return to financing normality after completion of the program as well as the building of a capital buffer.
Thursday’s issue coincides with the completion of procedures of a third review of the adjustment program.
A Eurogroup Working Group meeting later on Thursday is expected to discuss the course of fulfilling the last remaining prior actions, paving the way for a formal completion of the program and approval of the disbursement of a loan tranche to Greece.
Greece mandated Barclays, BNP Paribas, Citi, J.P. Morgan and Nomura as joint lead managers for the new bond offer.
(Source: ANMA)
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