Greece readies 10 year tap while Berlin heads to long end

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By Burhan Khadbai
01 Sep 2020

All eyes in the primary euro public sector bond market are fixed on the expected arrival of Germany's green Bund this week, but there were still some other deals announced on Tuesday. Greece is sticking to its plan for a syndicated bond issuance every quarter and Berlin hopes to match the success of its compatriot Land NRW in the 30 year part of the curve.

Greece has mandated Barclays, Citi, IMI-Intesa Sanpaolo, Morgan Stanley, Nomura and Société Générale to lead the syndicated re-opening of its 1.50% June 2030 bond.

It will be Greece’s fourth syndicated transaction of the year following new 10, 15 and seven year bonds ...

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