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Gray Market "Fresh Start" Greek Bond, Aka GGB2 Full Pricing Grid

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And this is what the market is now seeing for Fresh Start Greek bond pricing (all 20 CUSIPs) via BNP.

Comment: We added a few data in the bottom of the page....closing GDP warrant, average price of the GGB2, average yield of the GGB2, the EFSF prices and the implicit price of the old GGB...we are at 21 tonight.                                             
                                                                 

     Year      Mat     Bid     Ask Yld

     11Y       2023 21.4 / 23.4 21.6

     12Y       2024 20.4 / 22.4 21.2

     13Y       2025 19.5 / 21.5 20.8

     14Y       2026 18.8 / 20.8 20.5

     15Y       2027 18.1 / 20.1 20.2

     16Y       2028 17.6 / 19.6 20.0

     17Y       2029 17.1 / 19.1 19.8

     18Y       2030 16.8 / 18.8 19.6

     19Y       2031 16.5 / 18.5 19.4

     20Y       2032 16.3 / 18.3 19.3

     21Y       2033 16.1 / 18.1 19.1

     22Y       2034 16.0 / 18.0 19.0

     23Y       2035 15.9 / 17.9 18.8

     24Y       2036 15.8 / 17.8 18.8

     25Y       2037 15.6 / 17.6 18.7

     26Y       2038 15.6 / 17.6 18.6

     27Y       2039 15.6 / 17.6 18.4

     28Y       2040 15.6 / 17.6 18.3

     29Y       2041 15.6 / 17.6 18.2

     30Y       2042 15.6 / 17.6 18.2

 

Average Price:     
18.0

Average Yld:       
19.4

GDP Warrant:        
0.25

EFSF package:      
15

 

Implied Old GGB:   
20.9


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