Wednesday, 9 April 2014

Greece to Issue First Long-Term Bond Since Bailout

     The WSJ reports: ''Greek bonds are rallying fast while bankers seek investors for the country's first long-term debt since its international bailout four years ago.
The country will finalize a deal Thursday to sell at least €500 million ($689.9 million) of five-year bonds, according to one of the banks running the deal. People familiar with the matter said the sale could run to a total of €2.5 billion, and that yields will be around 5.25% to 5.5%. Greece has no outstanding five-year debt to use as a yardstick, but the country's outstanding 10-year bond yields sank by a quarter of a percentage point Wednesday to 5.85%''. 

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