The Greek state on Wednesday completed an auction for the reopening of a 25-year bond, with offers exceeding 1.2 billion euros, six times greater than the sought amount of 200 million euros.
Greece’s semi-independent Public Debt Management Authority (PDMA) said the issue’s yield topped off at 3.99 percent, up from 3.56 percent recorded in the previous such auction in May 2022. The bond, which matures in January 2042, was first floated in 2017 with a coupon of 4.2 percent.
The reopening was attributed to investors’ demand and to facilitate the operation of the secondary bond market. Only primary dealers took part in the auction. The settlement date is Wednesday, June 28
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