Friday November 28, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece said to plan sale of five-year notes via banks Wednesday

Greece is planning to announce a sale of five-year notes via banks on Wednesday, according to two people familiar with the matter, as the country that sparked Europes sovereign debt crisis returns from a bond-market exile.

Greece plans to raise 2 billion euros ($2.76 billion), said the people, who asked not to be identified because the arrangements are private. The country may increase the size of the sale, depending on demand, one of the people said. Finance Minister Yannis Stournaras told reporters in Athens last week that the country was planning a small issuance of bonds, three- or five-year bonds, in the first semester.

After a mounting debt load saw it shut out of bond markets, the Greek government has been kept afloat with international bailout loans since 2010. The nations bonds have led a rally of securities from Europes most indebted nations this year as investors returned to markets they shunned amid concern the currency bloc would splinter.

Theyre taking advantage of the improved confidence in Europe, said Allan von Mehren, chief analyst at Danske Bank A/S in Copenhagen. Its a good demonstration of how things have improved. Of course not everythings been solved.

Greek securities returned 30 percent this year through Monday, the best performance among sovereign-debt markets tracked by Bloomberg World Bond Indexes. The yield on benchmark Greek 10-year debt was at 6.16 percent at the 5 p.m. London close. It dropped to 6.12 percent yesterday, the lowest since March 2010 and down from as much as 44.21 percent in 2012.

The average yield to maturity on bonds from Greece, Ireland, Italy, Portugal and Spain dropped to a euro-era low of 2.25 percent on April 4, according to Bank of America Merrill Lynch Indexes.

[Bloomberg]

ekathimerini.com , Tuesday April 8, 2014 (20:55)  
Greek bank deposits drop in Oct, pause seven-month rise
Greek retail sales rise for fourth month in a row in September
Greek economy expands 0.7 pct q/q in Q3
Athens water supply 9-month profit falls 45 pct on lower charges
Venizelos urges Turkey to respect Cyprus EEZ
Ankara must respect Cyprus's exclusive economic zone (EEZ) if it wants UN-brokered reunification talks to resume, Greek Foreign Minister Evangelos Venizelos said ahead of a weekend visit to ...
Minister opposes plans to establish Islamic Studies department at Thessaloniki university
Minister of Macedonia and Thrace Giorgos Orfanos has criticized plans to establish a department of Islamic Studies at the Theological School of the Aristotle University of Thessaloniki. In c...
Inside News
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
COMMENTARY
Change of US president wont mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Venizelos urges Turkey to respect Cyprus EEZ
2. Greek bank deposits drop in Oct, pause seven-month rise
3. Greek retail sales rise for fourth month in a row in September
4. Greek economy expands 0.7 pct q/q in Q3
5. Minister opposes plans to establish Islamic Studies department at Thessaloniki university
6. Samaras meets Venizelos ahead of Turkey visit
more news
Today
This Week
1. Lebanese FM: Cyprus may be jihadi transit point
2. Child molester suspect photo released by police
3. Athens water supply 9-month profit falls 45 pct on lower charges
4. Armed man arrested on Thessaloniki campus
5. Change of US president won't mean change of foreign policy
6. Samaras meets Venizelos ahead of Turkey visit
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.