Bonds appeal to the Far East

The barrage of contacts that the Public Debt Management Agency (PDMA) has begun successful caller months with ample planetary investors continues, aimed astatine attracting a caller assemblage for Greek bonds, pursuing the concern people by Moody’s, too, past March.

Investors from Asia are the adjacent large targe, and for this crushed the PDMA is readying meetings from mid-November successful Japan, and astir apt successful Hong Kong and Singapore afterward, while during the summertime it met large investors successful Gulf countries, including Qatar and the United Arab Emirates.

On Wednesday, the PDMA is proceeding with 1 of its past marketplace forays for 2025, done the planned auction for the reissue of this year’s 10-year bond, with the purpose of raising up to 250 cardinal euros, while two different reissues are planned by the extremity of the year, successful October and November. It is recalled that 93% (€7.45 billion) of this year’s €8 cardinal indebtedness programme has already been covered, while with Wednesday’s reissue, 96% will person been covered, so a caller syndicated contented is not connected the table for 2025, barring the unexpected.

The contacts that the PDMA is planning, therefore, are not aimed astatine “gathering” investors for a marketplace foray this year, but to advertise the Greek story with an oculus to the future. The concern people fixed to Greece successful March by Moody’s has fundamentally unlocked the Far Eastern and Gulf markets for Greek bonds, creating a caller assemblage that has the imaginable to play a decisive relation successful the people of Greek bonds.

Already, successful two syndicated issues by the PDMA this year there were astir 40 to 50 caller accounts successful each foray. Although the orders were not large, they nevertheless represent a very bully opening with galore prospects. Of course, it is hard to measurement however overmuch of this summation successful investors is owed to the affirmative story of Greece oregon to the information that galore portfolios person shifted to euro assets, reducing their positions successful US assets owed to Donald Trump. Nevertheless, it happened, and the PDMA wants to physique on.