At Maximo, they are planning a new market exit in November - 91 Vital

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Wednesday 1 November 2017

At Maximo, they are planning a new market exit in November

Thoughts about a second exit to the markets - and even within November - make it to the government camp, while in public placements they choose to be cautious avoiding references to ... dates.

However, Maxim and financial staff are working on ... plans. And speaking to iefimerida sources explain that such an initiative has a double "reading": And it will be launched for political and technical reasons!

 In particular, the government wishes first and foremost, and that is the political goal of "making another restoration of confidence". Output movement is also for technical reasons. That is, in order to shape the debt profile, to be negotiable in better terms from August 2018 onwards. When the country aspires to regain its self-sufficient access to the markets.

On the other hand, given that the third assessment is evolving with relatively good audiences - at least at least - as lenders do not seem to demand new fiscal measures, Maximum intends not to wait for it to be completed. Seeking to make the most of the juncture and attempt another test run.

How to get out of the markets
The final decision, of course, is expected to be taken as long as bond interest rates allow it. And only if the Public Debt Management Agency positively recommends.

In any case, what is to be taken for granted is that if the exit is done before the completion of the third evaluation, it will not aim to raise liquidity. Despite being limited to exchanging old bonds with new ones. 
Appropriate sources point out that this is another step in the long-term strategy for restoring the Greek government's confidence in the markets.

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