Greece Is Back in the Bond Market as Yields Fall to 13-Year Low
- Country has mandated six banks for the sale of 10-year debt
- Move follows Moody’s upgrade, record demand for euro bonds
Photographer: Milos Bicanski/Getty Images
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Greece is selling debt for the second time this year, taking advantage of lower borrowing costs after an upgrade from Moody’s Investors Service.
The nation has mandated six banks as lead managers for a new 10-year bond, according to an Athens bourse filing on Monday. The sale is expected to be on Tuesday, a government official said on condition of anonymity, as there is no final decision yet. Greece last sold similar maturity debt in November 2017 as part of a bond exchange and before that syndicated 10-year bonds in 2010.