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Greek FinMin announces launching of five-year bond
After four years in economic isolation, Greek Finance Ministry announced the launching of the five-year bond short after 3 p.m. on Wednesday. Greek media report of a statement issued by the finance ministry and reading:
” The Greek Republic announces today that it mandated international banks for the imminent 5-year benchmark bond issue under UK law.
The transaction is expected to be priced and take place in the near future.” (Reuters)
According to media reports, the book for offers would open tomorrow, Thursday. hours.
The interest rate is expected to be between 5.25 % and 5.3 % .
The amount that will be required in the first phase is 2.5 billion euro.
Reuters reported earlier that the Greece has assigned Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan και Morgan Stanley.
In a CNBC electronic survey launched a couple of minutes ago, 50% of 331 respondents said that they would buy Greek bonds.
With today’s decision, Greece returns to bond markets after four years of absence during which it has defaulted and been bailed out twice by the European Union and the International Monetary Fund.
PS as KTG-blog was launched when Greece entered the bond markets exile, I wonder whether I should exit blogging now that Greece re-enters the markets. huh?
Source: http://www.keeptalkinggreece.com/2014/04/09/greek-finmin-announces-launching-of-five-year-bond/
