Government Plans to Tap Bond Markets Again Soon



Greece is very likely to revisit bond markets soon, a foray aimed at improving the management of its debt, the government spokesman said on Tuesday.

The Greek government returned to bond markets with a five-year bond in July, its first market foray since 2014. It is now eyeing swapping 20 small bond issues for four or five new bonds this month.

“It is very possible that there will soon be a market foray which will concern the management of debt,” Dimitris Tzanakopoulos told reporters, without giving a specific date.

Athens aims to test demand among bond investors several times before then, seeking to regain full market access.

“A series of forays are necessary to prepare the ground and have a debt profile in August 2018, which will allow our full access to debt markets,” Tzanakopoulos said.

Source: Reuters