Greece is likely to tap international markets with a 7-year bond next week, according to informed sources, in a bid to build a significant capital buffer to help support market funding after the expected end of the third bailout program in August 2018, ANA reports.
The country is likely to aim for a 3.0 billion issue, depending on market conditions, they said. The bond can be priced to yield 3.0 to 3.50 percent to maturity according to analysts. Five international banks have received the mandate to sell the issue, namely Barclays, BNP Paribas, Citigroup, JP Morgan and Nomura.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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