Greece raised 2.5 billion euros in a dual-tranche syndicated government bond offer on Wednesday, with the center-right government beaming over what it called very high demand by investors in tandem with historic low yields.
The twin-floating of bonds raised 1.5 billion euros for the country with a five-year bond, with order books exceeding 9.3 billion euros in offers. The yield was a marginal 0,05 percent.
Another one billion euros were raised with the 30-year bond (2052), with order books closed after exceeding 9.6 billion euros, and with a yield of 1.67 percent.
The re-offer spread was 38 basis points above mid-swap for the five-year bond and 135 basis points above mid-swap for the 30-year bond, according to the lead manager banks.
Wednesday’s offers raise the debt sold by Greece this year to roughly 14 billion euros. Joint bookrunners were Alpha Bank, Barclays, Citi, Commerzbank and Morgan Stanley.
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