Yields rise af­ter con­sul­tants are hired

Kathimerini English - - Focus -

LON­DON (Reuters) – Yields on Greek gov­ern­ment bonds rose yes­ter­day af­ter IFR re­ported six banks had been hired to ar­range Greece’s first bond sale in over three years. The Thom­son Reuters mar­ket news and data ser­vice said late on Wed­nes­day that Greece had man­dated Bank of Amer­ica Merrill Lynch, BNP Paribas, Cit­i­group, Deutsche Bank, Gold­man Sachs and HSBC for a five-year is­sue. The banks de­clined com­ment. When trad­ing com­menced yes­ter­day, the yields on Greece’s out­stand­ing bond ma­tur­ing in 2019 rose over 20 ba­sis points to 3.81 per­cent, while yields on longer-dated bonds were up 5-10 bps, ac­cord­ing to Tradeweb data. Yields on out­stand­ing bonds

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