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Greece on Tuesday said it would issue a 10-year bond, its first debt issue for the year as it seeks to shore up its finances during a damaging coronavirus lockdown. "The Hellenic Republic... has mandated Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank as joint lead managers for a new 10-year euro-denominated offering," the Greek debt agency said in a statement. "The syndicated transaction will be launched in the near future, subject to market conditions," it added. The Greek budget forecasts the economy to grow 4.8 percent, scaled back from a prior 7.5-percent estimate. A lockdown imposed in November is still in force. The finance ministry expects to spend 7.5 billion euros ($9 billion) this year to mitigate the impact of the coronavirus on the Greek economy, after 24 billion euros in 2020. str-jph/bmm
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2021-01-26

