Greece successfully completes bond swap programme

Greece on Wednesday announced the successful completion of a state bond swap programme worth 25.47 billion euros.

In an announcement to the Athens Stock Exchange, the Public Debt Management Organization presented the preliminary results of the swap plan which showed a big response by bondholders in the exchange process.

As part of the plan, Greece will issue five new series of bonds, worth 25.75 billion euros. The plan aims to boost liquidity in the domestic secondary bond market and to strengthen the yield curve, facilitating Greece’s next move in international capital markets in 2018.