ATHENS- Greece has mandated Barclays, Commerzbank, Eurobank, Morgan Stanley, Nomura and Societe Generale as joint lead managers for the issue of a new 10-year bond, its first this year, the sovereign said on Tuesday.
The syndicated transaction for the bond, due on June, 2023, will be launched "in the near future, subject to market conditions", it said.
Fitch revised the country's outlook to positive on Friday and affirmed its rating to BB, two notches below an investment grade.
Greece plans to borrow 12 billion euros ($13.7 billion) this year and issue its first green bond, focusing on a continuous presence in international debt markets accompanied by the reduction in the debt-to-GDP ratio estimated at 197% of GDP in 2021.
The country last sold 10-year paper in June 2021, priced to yield 0.88%. At the time the cost for borrowing in the eurozone was near an all-time low.
($1 = 0.8783 euros)
(Reporting by Lefteris Papadimas and Yoruk Bahceli, Editing by Louise Heavens) ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477; Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))
