According to a Reuters report the 3-year that the Greek state is planning to issue has attracted offers in excess of 3 billion euros, while economists estimate that the interest rate will be about 3.5%
The international news agency further explained that after a slow start demand increased, as the issue terms were appealing and investors did not have many alternative options.
The order books for the three-year bond, which opened on Wednesday, are expected to close on Thursday. This three-year bond is Greece’s second bond sale since 2012. In the previous sale, Greece managed to accumulate orders in excess of 20 billion euros.
Greece is selling the three-year bond through Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, Citi, JP Morgan, Morgan Stanley, Nomura, HSBC, UBS and BNP Paribas.
