The ODDIH has instructed BNP Paribas, BofA Securities, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and JP Morgan to run the process of issuing the 7-year Greek government bond issued in April 2020, with the bid book expected to open tomorrow out of the blue.
It is noted that the title expires in April 2027 and was issued with a 2% coupon and a yield of 2.013%. Essentially, it will have a duration of 5 years, while the return in the current 5 years is currently at 2.18%.
This move of ODDIH takes place after the very significant upgrade of Greece by S&P, one step below the investment grade and is part of the strategy for the country’s continuous presence in the markets as a regular issuer.
The increase in bond yields lately is general and does not only concern Greece, so the goal is not necessarily the interest rate but the message that the country continues to be “present”. After all, cheap lending has long since come to an end, following the ECB’s “signal” to normalize its monetary policy.
El. Kourtali
Read also:
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.