Greek government reopens 10-year bond issue

The Hellenic Republic has reopened a 10-year bond issue maturing on June 16, 2036, raising 3 billion euros. Investor demand was strong, with total bids exceeding 36 billion euros. The yield was set at approximately 3.78%, with a spread of 68 basis points over mid-swaps. The transaction, managed by a consortium including Alpha Bank, Barclays, Citi, Commerzbank, Nomura, and Société Générale, is part of the PDMA's borrowing program for the first half of 2026. Settlement is scheduled for June 17, 2026, and the bonds will be listed on the Athens Stock Exchange. This move precedes upcoming European Central Bank monetary policy decisions, with sources noting differing expectations regarding potential interest rate hikes. The bond is a senior unsecured, book-entry title governed by English law.