Greece raises €3.5 bln from 15-year bond sale

Greece on Tuesday raised 3.5 billion euros in cash and bonds from a new 15-year bond issue, its debt agency said, marking the nation's first bond sale since June's national election.

Investor demand topped 13 billion euros and the final pricing was set at mid-swaps plus 125 basis points, a yield of about 4.42%, the Public Debt Management Agency said in a filing.

The bond issue is the country's first since Prime Minister Kyriakos Mitsotakis' centre-right New Democracy party was re-elected last month.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, JP Morgan and National Bank of Greece were appointed lead managers for the bond, which matures in July 2038, Greece said on Monday.

Greece mandated the same banks as joint dealer managers on a concurrent switch and tender offer on its EUR 3.450% notes due in 2024 and EUR 3.375% notes...