Greece Said to Plan $2.76 Billion Offering of Bonds Tomorrow
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Greece is planning to announce a sale of five-year notes via banks tomorrow, according to two people familiar with the matter, as the country that sparked Europe’s 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.”