About: http://data.cimple.eu/news-article/c589faf631e8889f33d0049d6b2812b4794bf5c99dd1ddf21da379c6

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About: http://data.cimple.eu/news-article/c589faf631e8889f33d0049d6b2812b4794bf5c99dd1ddf21da379c6 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Greece on Tuesday said it would reopen a 10-year bond issued in June to shore up its coffers after a costly coronavirus lockdown. Athens initially raised 3.0 billion euros ($3.6 billion euros) from the operation but it now expects to spend many times that on measures to offset the impact of the global pandemic. It issued a mandate to Barclays, Citi, IMI-Intesa Sanpaolo, Morgan Stanley, Nomura and Société Générale to act as lead managers for the second round, the state debt agency said in a statement to financial markets. "The (syndicated) transaction will be launched in the near future, subject to market conditions," it added. Earlier this year, Greece had a comfortable cash buffer of 35 billion euros but it has spent some of that to support businesses during a coronavirus lockdown that lasted from March until May. The government has earmarked 24 billion euros in national and EU funds to support the economy this year due to the shutdown. Greece's economy contracted in the first quarter by 0.9 percent from the same period a year earlier. And Prime Minister Kyriakos Mitsotakis has warned that it will fall into a "deep recession" this year before rebounding in 2021. Between 2009 and 2018, Greece suffered its worst economic crisis in modern times, and had begun to slowly regain some of the lost ground before it was hit by the impact of coronavirus restrictions. jph/wai
schema:headline	Greece to reopen 10 year-bond: debt agency
schema:mentions	Morgan Stanley Athens Recession Greece Prime Minister of the United Kingdom Lockdown European Union Pandemic Severe acute respiratory syndrome coronavirus 2 Syndicate Société Générale Kyriakos Mitsotakis
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	70 (xsd:integer)

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