Tuesday, February 6, 2018

Greece delays bond sale as markets reel

by Kerin Hope & Kate Allen

Financial Times

February 6, 2018

Greece has temporarily delayed its plan to tap the bond markets for the first time since last summer, as bond investors mull this week’s market turbulence.

Greece is seeking to raise seven-year debt and is aiming for a yield of 3.33 to 3.4 per cent, according to people familiar with its plans.

Those familiar with the deal initially expected bookbuilding to begin as early as today. “It was all due to be wrapped in one day — Tuesday,” one source said.

A banker working on the deal who was not authorised to speak to the press said: “Clearly nothing is happening today. Whether we wait a day or a few days — nothing has been decided.”


No comments: