GREECE took the markets by storm this week with the launch of a hugely successful Eu1.5bn issue which sets a new benchmark for the borrower in the international markets and the future European currency. Propelled by a new found belief in the Greek convergence story following the republic's decision to devalue its currency, enter the ERM and join Emu in 2001, the issue met massive investor demand from accounts across Europe and tightened in dramatically before lead managers saw good two way business in the deal.
March 20, 1998