Greece to Raise $2.9 Billion in Bond Sale With No Bailout Cover
- Country to price five-year bonds to yield 3.6 percent
- Funds raised could help repay IMF debt or back bad loan plan
This article is for subscribers only.
Greece will sell 2.5 billion euros ($2.9 billion) of bonds for the first time since the end of its international bailout as it tests investor interest in the country’s newfound economic independence.
The offer for the 2024 notes will price to yield 3.6 percent, less than an initial target of as much as 3.88 percent, according to a person familiar with the matter, who asked not to be named because they’re not authorized to speak about it. Investor orders for the sale topped 10 billion euros, the person said.