Greece returns to debt market with seven-year bond
Greece on Feb. 8 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.
In July, Greece made its first return to debt markets after a three-year hiatus, selling three billion euros’ worth of five-year bonds at 4.625 percent, lower than its previous outing in 2014.
Athens had geared the sale for Feb. 6 but it was postponed amid global stock market turmoil earlier this week.