| A version of this article first appeared in Total Derivatives. Total Derivatives is the prime source of real-time news and analysis of the global fixed income markets. |
Vincenzo.Pelosi@TotalDerivatives.com • Greece sees room for up to €1.5bn 50s in H1
• 50y enthusiasm justified?
• Demand for duration not as strong as it was
• Germany, Netherlands not looking at 50y
• Pricing mulled
Greece sees room for up to €1.5bn 50s in H1
Greece is planning to issue up to €1.5bn in 50-year bonds through a private placement in the first half of this year, the director general of the sovereign’s public debt management agency said today.
In an interview with Total Derivatives, PDMA head Spyros Papanicolaou said Greece has received proposals for such a deal from “a number of banks” in the last few months. “We are looking at doing anything from €500m to €1.5bn maximum some time in the first half of this year. But it will be in the context of a private placement,” he said.
Mr. Papanicolaou said the sovereign would not consider syndicating the deal, adding that any 50-year bond would not form part of its official issuance schedule.