Athens plans for a 15-yr bond issue next week

The Public Debt Management Agency is ready for Greece's first market foray of 2020, with the issue of a 15-year bond, which is seen raising 2-2.5 billion euros.

The PDMA has completed its contacts with investment firms and bookrunners, weighed market conditions and reached a decision along with the Finance Ministry. The first and most likely target is for this foray to take place early next week, if conditions allow for it.
Therefore bank sources say that on Monday the PDMA will likely ask the bookrunners to proceed with the issue procedures, with the book opening on Tuesday, January 28.

There is also the alternative target date of February 4, given that the verdict of Fitch Ratings, expected late on Friday, remains unknown for now.

Another unknown factor could be the local election in the administrative region of Emilia-Romagna in Italy, whose result...