The order book has opened for the 10-year bond with pricing guidance in the range of 3.47% to 3.52% (mid-swaps + 60-65 basis points). Yesterday, the Greek Public Debt Management Agency announced BofA Securities, BNP Paribas, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley as joint lead managers for the first bond issue of 2026.
Greek government in markets: Target to raise €8 billion in 2026
Greece is expected to raise approximately €8 billion from the markets during 2026 to cover its borrowing needs. It should be noted that in 2025, around €7.6 billion was raised. Additionally, early debt repayments of €8.8 billion are scheduled for 2026.
Yesterday in the secondary market (HDAT), the 10-year bond yield was at 3.35%, resulting in the spread against the corresponding German bond (2.80%) narrowing to 0.55%.
Source: ANA-MPA
