Greece looking to capitalise on Pepp to complete curve

By Lewis McLellan
23 Oct 2020

Greece hit the market this week with a €2bn tap, neatly threading a needle between the EU’s jumbo debut and a hefty 30 year from Italy. But unlike other sovereigns, the exercise was not a scramble for cash to mitigate the impact of the pandemic.

In fact, Greece is one of the few sovereigns not to have increased its funding requirement at all this year, preferring simply to redirect the proceeds towards projects designed to alleviate the worst of the effects of Covid-19.

Greece’s borrowing has, according to Dimitrios Tsakonas, head of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial