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Greece Taps 2036 Bond Market With 3 Billion Euro Issuance

Demand surged for Greek sovereign debt on Wednesday as the country successfully tapped its 3.375% June 2036 government bond. Investors placed orders exceeding 36 billion euros, a significant show of confidence that allowed the state to secure 3 billion euros in fresh capital at a yield of 3.799%.

Greece Taps 2036 Bond Market With 3 Billion Euro Issuance

The transaction was finalized with the bond spread set at mid-swaps plus 68 basis points, reflecting steady market appetite for the tranche. Priced at 96.527, the issuance attracted a massive order book, comfortably oversubscribing the target amount by more than tenfold. A syndicate of six international and domestic banks—Alpha Bank, Barclays, Citi, Commerzbank, Nomura, and Societe Generale—managed the sale.

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