Greece To Borrow From the International Markets Through a 3-year Bond Issue

Greece To Borrow From the International Markets Through a 3-year Bond Issue

The Greek finance ministry on Wednesday officially announced that Greece will make a new attempt to borrow from international markets through the issue of a three-year bond worth 2.5-3.0 billion euros, ANA-MPA reported. Sources at the ministry said that the interest rate is expected to be set at 3-3.5 pct.
The Bank of America, Merrill Lynch, Deutsche Bank, Goldman Sachs, Citi, JP Morgan, Morgan Stanley, Nomura, HSBC, UBS and BNP Paribas were acting as joint bookrunners.
A further decline in the interest rate of six-month Treasury bills (from 2.15 pct to 2.05 pct) in Tuesday's auction was considered to be a "good omen" for Greece's return to international markets, the second this year. Greece returned to international markets in April, with a five-year bond, after a four-year exclusion.

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