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

9 February 2018
845 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

Covid-19 Greece – 151 new cases
GREECE
shares20 views
GREECE
shares20 views

Covid-19 Greece – 151 new cases

makis - Aug 07, 2020

The National Organisation of Public Health (EODY) announced 151 new cases of coronavirus in Greece on Thursday The total number…

GREECE
shares1679 views

Ikaria: The island of long life

Panos - Aug 07, 2020

The enchanting island of Ikaria is not only one of the most idyllic islands of the eastern Aegean but also…

How a President Biden could remake US-Turkey ties
GREECE
shares22 views
GREECE
shares22 views

How a President Biden could remake US-Turkey ties

Panos - Aug 07, 2020

A report by the Turkey-U.S. Business Council last week urged Turkish officials to step into the vacuum created by rising…

Leave a Comment

Your email address will not be published.