Greece’s Public Debt Management Organization issued an announcement on Monday notifying the Athens Stock Exchange that the country will soon be ready to launch a new seven-year bond.
For this reason, the new leadership of the Finance ministry has already appointed a series of global market experts, including the Bank of America, Merrill Lynch, Deutsche Bank, Morgan Stanley, Nomura and Société Générale, to proceed with all the necessary procedures for the issuance of the bond.
According to media reports, the procedures will be started “in the near future,” depending on market conditions.
Greece’s government debt has been showing very positive signs since the beginning of 2019, even recording one of the best fiscal performances in the Eurozone. The interest rates at which Athens can now borrow money are at their lowest levels in at least a decade.
This is due to the fact that global markets are showing a great deal more trust in Greece’s prospects of obtaining a stronger and more stable growth trajectory, compared to what the country has experienced in the past.