Greece to issue 7-year bond, possibly this week

The Finance Ministry has already taken the decision for Greece to tap again the market, possibly this week, with the issuance of a 7-year bond, aiming to raise 3 billion euros.

It is the third attempt towards Greece’s full return to the markets after the exit from the memoranda in August. Two more bonds, a 3-year bond and a 10-year bond, are expected to be issued by August, according to sources.

This new attempt is expected to be successful as the situation in the secondary bond market has improved spectacularly after the bond swap and the agreement to conclude the third programme review.