Greece opens books for 15-year bond, guidance at mid-swaps +130 bps (updated)

National Bank of Greece

11/07/2023 08:56

(Adds lead managers, switch and tender offer)
       ATHENS, July 11 (Reuters) - Greece on Tuesday opened
books for a new 15-year bond issue, with initial price guidance
set at about 130 basis points over the mid-swap level.
    The bond sale is the country's first issue since Prime
Minister Kyriakos Mitsotakis' centre-right New Democracy party
was re-elected on June 25. 
    BNP Paribas (B&D/DM), BofA Securities, Deutsche Bank,
Goldman Sachs Bank Europe SE, J.P. Morgan and National Bank of
Greece have been appointed lead managers for the bond maturing
in July 2038.
     Greece said on Monday it has mandated the same banks as
joint dealer managers on a concurrent switch and tender offer on
its EUR 3.450% notes due in 2024 and EUR 3.375% notes due in
2025. The are all subject to market conditions, it said. 

 (Reporting by Yoruk Bahceli Amsterdam and Lefteris Papadimas in
Athens; Editing by Alex Richardson)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))