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

9 February 2018
472 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

Refugees and illegal immigrants camp outside Greek parliament
GREECE
shares19 views
GREECE
shares19 views

Refugees and illegal immigrants camp outside Greek parliament

makis - Apr 19, 2019

Refugees and illegal immigrants have camped outside the Greek parliament at Syntagma Square in Athens. The illegal immigrants and refugees,…

Greek House votes to lift Parliamentary immunity of trhee MPs
POLITICS
shares20 views
POLITICS
shares20 views

Greek House votes to lift Parliamentary immunity of trhee MPs

makis - Apr 19, 2019

Greek MPs decided to lift the Parliamentary immunity of three of their colleagues, Andreas Loverdos, Marios Salmas, and Aristides Fokas…

Weekend escapes near Athens!
GREECE
shares1179 views
GREECE
shares1179 views

Weekend escapes near Athens!

Panos - Apr 19, 2019

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Leave a Comment

Your email address will not be published.