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Stock impact report

UPDATE 1-Greece plans new 7-year bond issue "in near future" - bourse filing [Reuters]

Morgan Stanley (MS) 
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Company Research Source: Reuters
UPDATE 1-Greece plans new 7-year bond issue "in near future" - bourse filing (Adds details) ATHENS, July 15 (Reuters) - Greece plans a new seven-year bond “in the near future subject to market conditions”, authorities said on Monday announcing the country’s third market foray since it emerged from international bailouts last year. The sovereign has mandated Barclays, BofA Merrill Lynch, Deutsche Bank, Morgan Stanley, Nomura and Société Générale as joint lead managers for the transaction, according to a regulatory filing to the Athens stock exchange. Authorities did not provide any details on the amount sought. Yields of Greek bonds have dropped to record lows recently. Greece has issued two bonds this year, a five-year bond in January and a ten-year bond in March, raising 5 billion euros ($5.64 billion) in total. It would need to raise another 2.5 billion euros to meet the debt management agency’s 7.5 billion euro target this year. The announcement on the upcoming bond issue came a we Show less Read more
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