Greece Recovery Gains Momentum in First Bank Bond Sale Since ’09
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Greece’s comeback from an international bailout that roiled world markets and threatened to cause a breakup of the euro is underway.
Piraeus Bank SA sold 500 million euros ($697 million) of bonds yesterday in the first public debt sale from a Greek lender since 2009, according to data compiled by Bloomberg. At the same time, Infrastructure Minister Michalis Chrisochoides said Greece will probably sell debt for the first time in four years before May as the nation seeks to rebuild its finances.