Greece returns to debt market with seven-year bond

 08 Feb 2018 - 13:59

Greece returns to debt market with seven-year bond

AFP

Athens: Greece on Thursday made another tentative return to markets with a seven-year-bond, its first sale of the sort since the start of the economic crisis, officials said.

A finance ministry source confirmed the issue, while another source with knowledge of the sale said Greece seeks to raise around 3.0 billion euros ($3.7 billion).

The last seven-year bond, sold at an interest rate of six percent, was issued in April 2010 -- days before the country publicly requested the first of its three EU-IMF bailouts.