Greece Starts Taking Orders for First Bond Offering Since 2014

Greece will raise 3 billion euros ($3.5 billion) in its first visit to international bond markets since 2014 as it attempts to turn the page on a debt crisis that forced it to seek multiple international bailouts.

The sub-investment grade rated country is selling five-year notes at a yield of 4.625 percent, after tightening terms twice from an initial target of around 4.875 percent, according to a person familiar with the transaction. Investors placed orders worth more than 6.5 billion euros, the person said, asking not to be named because they aren’t authorized to speak publicly.