Greece plans to issue 7-year bond

By Dow Jones newswires

The Greek government is planning to issue a seven-year bond in the next few months, a senior government official said on Wednesday, reflecting a newfound confidence within the country that conditions are improving. "By the end of December there will be a seven-year bond issue," the official, who is taking part in negotiations between the Greek government and the country's international creditors in the French capital, said.

The crisis-battered country issued a five-year and a three-year bond in April and June respectively, following a four-year hiatus from the international markets. "The first bond issue was a turning point for the country and the confidence from the country's international inspectors has grown since then," the official said.

Read more here: Business Spectator


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