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Bloomberg: Greece Planning Second Bond Sale

greece-bond-marketAccording to Bloomberg news agency, Greece is planning on issuing three-year bonds amounting to 2-3 billion euros at the beginning of next week, after the country exited from its “market exile.”
A government official who preferred to remain anonymous, spoke with the agency saying that the government is planning on issuing the bonds as early as next week. However, the Greek Finance Ministry spokesman refused to make any comments on the subject.
“Prime Minister Antonis Samaras’ government, taking advantage of record-low euro-area interest rates, returned to bond markets in April after a four-year exile and predicts the economy will grow this year for the first time since 2007,” according to the article.
Furthermore, Bloomberg stated that in the last three months, Greek banks and companies have collected 11.2 billion euros from international investors through capital increases and bond sales.
Meanwhile, the Greek Statistical Authority announced last week that “exports in April decreased by almost 21 percent compared to last year, while exports in the first four months of 2014 dropped by almost 8 percent. Greece’s current-account deficit widened in April and unemployment remains stubbornly close to 27 percent.”
Finally, the article stresses that Greece would seek the release of the next disbursement of the financial aid package on July 7, at a meeting between the European finance ministers, provided that the Eurogroup will approve the government’s reform program.
 

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