PDMA returns in style

Raising a book of €20bn for a €3bn five year deal via 600 accounts is impressive for any borrower, let alone one that has, over the last four years, been through a vast debt restructuring programme and economic depression. As Philip Moore reports, Greece’s return to the international bond markets not only sends out a key statement about the country’s recovery, but also establishes a liquid benchmark for the country’s private sector borrowers.