public debt management agency
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PM says low 10-year bond yield another 'vote of confidence' in economy
Greek Prime Minister Kyriakos Mitsotakis said the historically low yield recorded at Greece's 10-year-bond reopening on Tuesday is "yet another vote of confidence" in the country's economy and strong growth prospects.
Greece raised 1.5 billion euros from the sale in which the initial guide price for the bond implied a yield of 1.55 percent.
Lazard hired to take rating over junk level
French company Lazard will be the new consultant of the Public Debt Management Agency (PDMA), replacing Rothschild, with the aim of bringing Greek bonds back to investment grade within the next couple of years.
This decision was reached on Wednesday by the government's Economic Policy Council on the recommendation of the PDMA and an opinion by the State Legal Council.
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Successful 7-year bond issue a vote of confidence in gov’t
The government hailed Tuesday's seven-year bond issue as a vote of confidence in Greece's growth prospects, after the country's third market foray this year was more than five times oversubscribed and attracted significant interest from long-term investors.
Greece hails success of 7-year bond issue
Greece's first post-election bond issue fetched 2.5 billion euros on Tuesday, securing a yield of 1.9 percent and a strong interest by long-term investors, according to the Greek national news agency AMNA.
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New Greek seven-year bond out on Tuesday
Greece will be making its first foray into the money markets under the new, center-right government, issuing a seven-year bond that will be the third debt issue this year, on Tuesday, according to sources.
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Greece announces bond issue, first under new government
Authorities in Greece say the country is planning tap financial markets with the issue of a 7-year bond, the first under the new conservative government of Prime Minister Kyriakos Mistotakis.
In a notice released Monday, Greece's Public Debt Management Agency named banks in charge of managing the auction. PDMA announcements are typically made on the eve of the auction.
Seven-year bond issue next week
Greece is moving ahead with its first market foray since the general election with a new seven-year bond issue, probably next week.
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New bond issue considered within July
Greece is ready to make its next foray into the money markets this month, with the Public Debt Management Agency (PDMA) just waiting for a nod from the new government as low bond yields not only allow but also demand such an initiative.
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One-year T-bill rate is slashed in half
The interest rate on 52-week treasury bills reached a historic low of 0.47 percent at Wednesday's auction, down from 0.95 percent three months ago, Greece's Public Debt Management Agency announced.
The PDMA raised 812.5 million euros and the settlement date is Friday.
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Greek bond prices continue slump
Greek bond prices continued their recent slump Monday as the yield of the benchmark 10-year bond posted a rise of five basis points on Friday's closing to 3.56 percent.
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