Successful issue of fresh five-year bonds would serve crisis-hit country exit long cycle of austerity and bailoutsAthens has outlined plans to return to the financial markets for the first time since 2014,with a plan to sell fresh five-year bonds to investors.
Existing Greek five-year bonds were trading at 3.6% on Monday morning compared with 63% at the height of the Greek financial crisis in 2012 when the finance ministry was unable to pay public sector wages and there were riots in the streets. Following the announcement that Athens would be returning to the market, the yield fell to 3.4%.
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Source: theguardian.com