Reuters: Greece considers the refinancing of 2012 bond issues

Thursday, September 21st, 2017
Last Update: 15:30
The Greek government contemplates 4-5 issues to replace 20 bonds that were issued in 2012, according to Reuters.Considering consolidating small bonds with face value of ~EU32b into a few benchmark issues while the move is still under discussion.

In addition, Greece will also boost cash buffer to as much as EU14b from ~EU9b through funds raised via new bond issues.

According to the same press reports, Greece is aiming to create buffer of EU12b-EU14b for 9-12month period after end of 3rd bailout showing that the country can service needs until at least mid-2019 in adverse scenario. Greece wants to issue at least 2 new bonds by end of Aug. 2018 or earlier depending on market conditions.

See Also:

Thank you for contacting

Thank you for your enquiry to Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Business page, CLICK HERE to create a Account