Home / Business / World Business / Greece’s 5-yr bond first step towards full market return

Greece’s 5-yr bond first step towards full market return

Greece’s first attempt to return to bond markets in three years is an important step towards regaining full market access when its bailout ends in 2018, Prime Minister Alexis Tsipras’s office said on Monday.

Greece on Monday invited holders of its 4.75 percent outstanding bonds maturing in 2019 to tender them for cash, along with a plan to offer new five-year paper. Greece last ventured into bond markets with two issues in 2014.

“This choice is a significant step, part of Greece’s strategy to regain viable and steady access to international markets,” Tsipras’s office said in a statement. (REUTERS)

Related stories

Check Also

Asia stocks slip, yen and franc rise as N.Korea moots H-bomb test

Asian stocks fell and the Japanese yen and Swiss franc gained on Friday after North …

Road to electric car paradise paved with handouts

The Norwegian island of Finnoey has the highest density of electric cars in the world. …