The issuance of Diaspora bonds will take place in the third quarter of 2011 at the latest, Deputy Finance Minister Filippos Sachinidis said in a newspaper interview on Thursday.
Responding to a relevant question in Athens’ Imerissia daily, Sachinidis said that an application has been submitted to the U.S. Capital Markets Regulation Committee. The bond issue has been set at three billion US dollars.
The intention to issue Diaspora bonds had been announced by Finance Minister Yiorgos Papakonstantinou in the autumn of 2010 with the aim of drawing capital from the large Greek community abroad.
(source: ana-mpa)
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