Greece and France head to long end following rates rally

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By Burhan Khadbai
27 Jan 2020

Greece and France mandated banks on Monday for new benchmark offerings at the long end of the curve, the former bringing its longest bond since the eurozone debt crisis. The sovereigns are taking advantage of a sharp rally in core and peripheral eurozone sovereign yields, partially engendered by a flight to quality over the coronavirus scare.

Bank of America, Barclays, BNP Paribas, Goldman Sachs, HSBC and JP Morgan will lead Greece’s 15 year syndicated euro benchmark.

The announcement follows a rally in peripheral eurozone government bonds, which has been driven by the Democratic Party’s victory in the Italian elections. ...

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