BofA Securities

The Piraeus Bank is issuing a green senior preferential bond, Bloomberg reports.

The issue is estimated to be worth €500 million.

The issue has been assigned to BNP Paribas in partnership with BofA Securities, Commerzbank HSBC and IMI- Intesa San Paolo who will jointly run the offering book.

Armed by the surprise move from Standard & Poor's last Friday, upgrading Greece's outlook to "Positive," the Public Debt Management Agency is on Wednesday set to make its second major market foray for 2024, with a new 30-year bond.

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 book-building process on a 15-year syndicated bond issue has attracted very strong investment demand, with bids exceeding 11 billion euros pushing the interest rate of the issue from 4.5% initially to 4.45%. 

Greece is likely to make its 2023 market debut on Tuesday with a syndicated issue of a new 10-year bond, in the context of the front-heavy strategy by the Public Debt Management Agency, in view of the further interest rate increases expected by the European Central Bank, but also general elections, which may cause market volatility and instability.

PM Zdravko Krivokapic with ministers after the government session in Podgorica. Photo: Government of Montenegro

On Wednesday, the Ministry of Finance and Social Care clarified that the country took the loan from BofA Securities, Citigroup, Erste and the Société General group, adding that it will be repaid over seven years at 2.95 per cent interest.

Demand for a new 10-year bond Greece issued on Tuesday has exceed the amount of 15 billion euros, sources told Reuters.

New quidance was set at mid-swaps plus 160/165 basis points.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan act as joint lead managers for the new issue, maturing in June, 2030. [Reuters]

Greece opened books for a new ten-year bond issue, a lead manager told Reuters on Tuesday.

Guidance was set at mid-swaps plus 170/175 basis points.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan act as joint lead managers for the new issue, maturing in June, 2030. [Reuters]