Greece hires banks for new 10-year bond sale (updated)

National Bank of Greece

13/01/2025 11:32

(Adds background, paragraphs 4-5)
       ATHENS, Jan 13 (Reuters) - Greece has hired six banks to
sell a new 10-year bond, its first issue this year, the
country's debt agency said on Monday.
    The new bond will be launched "in the near future, subject
to market conditions," the debt agency said.
    The country hired BofA Securities, Deutsche Bank, Goldman
Sachs Bank Europe SE, Morgan Stanley, National Bank of Greece
and Societe Generale as joint lead managers.
     Greece plans to raise up to 8 billion euros ($8.15
billion)from debt markets this year via medium- and long-term
bonds.
        With a cash buffer of about 37 billion euros  ($37.70
billion), enough to cover its debt needs for at least two years,
the sovereign will also repay ahead of schedule 5 billion euros
from its first bailout loans.
  
        
  
($1 = 0.9815 euros)

($1 = 0.9815 euros)

 (Reporting by Yoruk Bahceli and Lefteris Papadimas in Athens,
writing by Lefteris Papadimas
Editing by Gareth Jones)
 ((lefteris.papadimas@thomsonreuters.com; +30 6944 248134;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))