Greece to sell new 7-year bond in ‘near future’

Greece will issue a new seven-year bond in the near future, the State said in a filing to the Athens stock exchange on Monday.

“The syndicated transaction is expected to be launched and priced in the near future subject to market conditions,” the filing said, adding that the State has mandated Barclays, BNP Paribas, Citigroup, JP Morgan and Nomura for the transaction.

According to information, the State aims to raise at least three billion euros as part of the country’s efforts to build a liquidity buffer to help its transition period after its adjustment program expires in August this year.

The completion of the procedure and the pricing of the new bond are expected to be completed in the coming hours.