Wednesday April 1, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Careful steps for return to the markets

By Sotiris Nikas

The Finance Ministry will be treading carefully as Greece prepares its return to the international money markets for borrowing that will cover part of the country’s funding gap and signal the gradual recovery of Greece’s economic independence.

A senior ministry official has informed Kathimerini that Greece’s first effort to tap the markets after four years will not have the character of a massive and disorganized market entry, but, as is usually the case in such instances, the government will try to have the bulk of the bond issue covered by private placements.

The same official explained that the government’s aim remains the issue of bonds, most likely in the second half of the year, for an amount that will not exceed 3 billion euros, and the maturity period of the new issue will be between five and seven years.

Last week Finance Minister Yannis Stournaras said there will be a five-year-bond issue for about 1.5 to 2 billion euros. However, the details of the project have not been finalized and the government has yet to overcome the resistance of Germany and the International Monetary Fund, although the signals from investors have been very positive.

ekathimerini.com , Sunday Jan 12, 2014 (20:25)  
Fitch downgrades ratings of four Greek banks
Paris, Berlin see Greek-Russian courtship as sideshow
JPMorgan says Greek bond pessimism is overdone
Sarantis SA to buy Ava’s rights in Greece from Procter & Gamble
Suspect won´t post bail unless convict´s girlfriend is freed
The mother of two convicted members of guerrilla group Conspiracy of the Cells of Fire, Christos and Gerasimos Tsakalos, refused on Wednesday to post the 10,000-euro bail payment that would ...
Serres floodwaters submerge thousands of hectares of farmland
Thousands of hectares of farmland in Serres, northern Greece, have been submerged by floodwaters from the Strymonas River, which broke its banks on Sunday, with local officials struggling to...
Inside News
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Going his own way
While up until the last election we had become accustomed to referring to the coalition government led by Antonis Samaras as one featuring a split personality, no political psychoanalyst cou...
EDITORIAL
Righting the wrongs
A country that wants to move forward should study and deal with its past mistakes in a mature and responsible manner. Greece was hit by an unprecedented debt crisis and it came to the brink ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Suspect won´t post bail unless convict´s girlfriend is freed
2. Serres floodwaters submerge thousands of hectares of farmland
3. Greek air-traffic controllers request more resources
4. Fitch downgrades ratings of four Greek banks
5. Paris, Berlin see Greek-Russian courtship as sideshow
6. JPMorgan says Greek bond pessimism is overdone
more news
Today
This Week
1. Going his own way
2. Finance Ministry officials to discuss talks progress as EU pushes for action [Update]
3. Athens aims to tighten ties with Russia
4. Spike in migrants reaching Lesvos
5. Greek economy minister sees deal with EU/IMF on reforms next week
6. Buffett says Greek exit from euro ‘may not be a bad thing’
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.