Greece returns to markets again on Thurs. with 7-year bond

9 February 2018
182 Views

Greece returned to the markets on Thursday with a seven-year bond, an offering that was only temporarily postponed earlier in the week due to a mini crash in stock exchanges around the world.

According to finance ministry sources, the still bailout-dependent country is eying to drain roughly 3.0 billion euros from the markets.

The last seven-year bond floated by Greece came in April 2010 – days before the first bailout memorandum was announced – and offered a very high 6 percent interest rate.

While still enjoying a low-interest credit line extended by European creditors as part of the third memorandum, while the latter’s looming end in August has forced the shaky Tsipras government to test the markets outright.

The last foray onto international sovereign markets came in July 2017, when Athens sold three billion euros worth of five-year bonds at a yield of 4.625 percent.

According to FT, the Greek side began marketing the bond at around 3.75 per cent yield, although the exact size of the deal was not declared.

You may be interested

Turkish lira continues its freefall
FINANCE
shares27 views
FINANCE
shares27 views

Turkish lira continues its freefall

makis - May 21, 2018

The Turkish lira has continued to plummet so far in 2018, sinking to fresh all-time lows as a worrisome cocktail…

Businessman commits suicide in Athens
GREECE
shares26 views
GREECE
shares26 views

Businessman commits suicide in Athens

makis - May 21, 2018

A 90-year-old businessman in Athens put an end to his life in his house in Athens. The man, who was…

Anarchist group Rouvikonas invades Council of State Plenary session
GREECE
shares29 views
GREECE
shares29 views

Anarchist group Rouvikonas invades Council of State Plenary session

makis - May 21, 2018

About 100-150 hooded individuals from anarchist group Rouvikonas invaded the Council of State building, where a closed-door plenary session was…

Leave a Comment

Your email address will not be published.