The public debt management organization ODDIH is expected to open the books on Wednesday in hopes of rising between 2.5 to 3 billion euros from issuing a three-year bond.
The sale of the new issue is likely to conclude by Thursday, the 10th of July, while the government aims for a 3.3% to 3.5% interest rate. The previous 5-year-bond that Greece issued in April had a 4.95% rate.
According to a Reuters report, the latest issue may allow Greece to yield funds cheaply, but it will be faced with a significant refinancing before it has ensured an economic recovery and the country’s political stability is still at risk.
