Business News

Greece announces new 5-year bond issue after 3-year exile

Key Points
  • Greece invites holders of its 4.75 percent outstanding bonds to tender them for cash, in its first bid to return to bond markets in three years
  • It said it mandated BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, HSBC and Merrill Lynch as join lead managers for the benchmark size offering

Greece on Monday invited holders of its 4.75 percent outstanding bonds maturing in 2019 to tender them for cash, along with a plan to offer new five-year paper, .

It said it as joint lead managers for the benchmark size offering.

It said the cash to be paid for the outstanding bonds that will be validly tendered will be equal to 102.6 percent of the nominal amount of each bond.