Greek Bonds

Very high demand pushed down the coupon's interest rate to 4.125%

The uniform yield eased to 3.75%, compared to 3.83% recorded during a similar T-bill auction on Jan. 31, 2024

Greek state raises 812.5 mln euros

The move is expected to yield significant savings for the Public, with an estimated 850 million euros saved over the course of the decade, solely from the interest payments on the bonds issued last month

Berenberg, the oldest German bank, identifies Greece and Portugal as key players in the eurozone's narrative this year, alongside Spain to a lesser extent

Bloomberg noted this was the highest amount ever recorded, as investors rushed to take advantage of high yields before the European Central Bank (ECB) cut interest rates.

The bidding book has closed with offers surpassing 35 billion euros

It should be recalled that the American investment bank had initially recommended a long position in Greek 10-year bonds in December (18/12).