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Greek Bond Sale Tops $4 Billion in Return to Markets

Greece ended a four-year exile from international markets with a bond sale of 3 billion euros ($4.2 billion), more than the government estimated.

The coupon on the five-year bond, which will be settled next week, is 4.75 percent, with almost 90 percent of the issue going to long-term investors outside of Greece, the Athens-based Finance Ministry said in a statement announcing the sale. The country sought to raise 2.5 billion euros and orders exceeded 20 billion euros, Greek Prime Minister Antonis Samaras said in a televised address to the nation afterward.