July 22, 2014
Greece confirms return to markets with 5-year bond
Greece's finance ministry confirmed today it mandated international banks to issue a benchmark, five-year bond, the country's first long-term debt sale since its international bailout started four years ago.
"The Hellenic Republic announces today it has mandated international banks for an imminent five-year benchmark bond issue, (denominated) in euros, under UK law," the finance ministry said in a statement.
"The transaction is expected to be priced and take place in the immediate future," the statement added.