Foreign investors regaining confidence in Greek economy, Handelsblatt reports

Greece is trying to stand on its own feet without any external support as the country – following a successful issue of a five-year bond loan which raised 3.0 billion euros in July 2017 – is expected to return to international capital markets this week with a seven-year bond issue, the German newspaper “Handelsblatt” said in a report on Monday.

The German newspaper said that Greece was expected to issue two more bonds, a three-year and a 10-year bond, before the end of the current bailout programme at the end of August. The report noted that conditions in the market were favourable as Athens, following the successful completion of a third review of the Greek programme, was in the final legs of reform marathon. Foreign investors have regained their confidence and have access to Greek bonds, it said.

The 10-year Greek benchmark bond yield was 3.65 pct last Friday, the lowest level in the last 12 years.