Greece’s new 10 year hit by possible delay in ECB disbursement

market fall 230x150
By Burhan Khadbai
11 Mar 2019

Greece’s new 10 year benchmark sold last week — its first in that maturity since 2010 — was trading wider in the secondary on Monday before a potential postponement of a €1bn disbursement to Greece by the European Central Bank.

The sovereign’s €2.5bn March 2029 bond was trading with a yield of around 3.95% on Monday,  according to bankers, compared with its reoffer yield of 3.9%.

A head of SSA syndicate at one of the leads on Greece’s 10 year said that, while he would normally expect a bond ...

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