Economics
Greece to Sell 10-Year Bonds for First Time Since Before Bailout
- Country prices 2.5 billion euros of bonds to yield 3.9 percent
- PM Tsipras points to bond sales to highlight Greek recovery
This article is for subscribers only.
Greece marked a milestone in its recovery from a bruising financial crisis after agreeing to sell 2.5 billion euros ($2.8 billion) of 10-year bonds for the first time in nine years.
The syndicated offer for the 2029 notes will price to yield 3.9 percent, less than an initial target of about 4.13 percent, a person familiar with the matter said on Tuesday, asking not to be identified because they’re not authorized to speak about it. Investor orders for the sale topped 11.8 billion euros.