Greece's bank to swap USD35bn bond
(MENAFN) Greece's banks are being asked to swap almost USD35bn in floating-rate bonds for 30-year, under a euro-area plan to shield Athens from future interest rate increases.
However, the recent EFSF holdings of Greek banks declined due between 2034 and 2046, the fixed-rate notes will expire in 2047, which will cut Greece"s interest rate risk.
On the other hand, it may also come at a cost for its four systemically important lenders, which could be left with securities that are more difficult to trade.
In addition, there are discussions going on as to proposals, which will enhance the sustainability of the Greek debt.
However, the recent EFSF holdings of Greek banks declined due between 2034 and 2046, the fixed-rate notes will expire in 2047, which will cut Greece"s interest rate risk.
On the other hand, it may also come at a cost for its four systemically important lenders, which could be left with securities that are more difficult to trade.
In addition, there are discussions going on as to proposals, which will enhance the sustainability of the Greek debt.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Mutuum Finance (MUTM) New Crypto Coin Eyes Next Price Increase As Phase 6 Reaches 50% Sold
- Tradesta Becomes The First Perpetuals Exchange To Launch Equities On Avalanche
- Bydfi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement
- Over US$13 Billion Have Trusted Pendle, Becoming One Of The Largest Defi Protocols On Crypto
- Cregis Joins TOKEN2049 Singapore 2025
- Daytrading Publishes New Study Showing 70% Of Viral Finance Tiktoks Are Misleading
More Story
Comments
No comment