Greece heralds bond issue as 'absolute success'

Greece announces new bond issue ending three-year market exile
Greece to return to debt markets after 3-year absence
Author

26 July, 2017

It also confirmed the "positive development of the Greek economy", it said.

According to the state document, Greek five-year euro-denominated bonds amounting to 4 billion euros ($4.6 billion) will be priced on Tuesday with BNP Paribas, Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and HSBC as joint lead managers.

The government announced Monday it was attempting a comeback to the debt markets, which it considers a test of confidence. The yield for the new bonds is reportedly around 4.75 percent.

Greece now has no need to draw money from the bond markets - but it is a necessary psychological milestone.

Tsakalotos added that Greece will do a second and third issue before the bailout expires in August 2018.

Earlier this month, eurozone finance ministers approved the latest 8.5 billion-euro ($9.9-billion) disbursement from its third global bailout, just in time for Athens to meet major debt repayments.

China Reiterates Demand For India to Withdraw Troops From Doklam
There is a cold war-like situation between India and China and media in both countries are flexing their muscles, Gywali said in the House.


Branden Grace enters history books with record-breaking round for the ages
The tap-in was a formality, and the tens of thousands of people who had poured into this magnificent venue had seen history made. Indeed, Greg Norman and Vijay Singh each did it twice. "I had no idea that a 62 was obviously the lowest ever", Grace said .


Copy-Newgarden races to second Toronto IndyCar win in 3 years
Sato made headlines this season when he won the Indianapolis 500, but he's also been quietly excellent on street tracks . Power has two wins on the year and he has been the best driver in the series since his slow start to the season.


The country's return comes on the same day as European Commissioner for Economic and Financial Affairs Pierre Moscovici is visiting Athens.

Its return to the markets had been predicted over recent weeks, after the country's largest creditor - the European Stability Mechanism - said last month that Greece should develop a strategy to end its three-month exile.

"Athens has voted 140 measures, the country is now in excellent position, the International Monetary Fund (IMF) also agrees", added Moscovici.

Earlier this month, eurozone finance ministers approved the latest 8.5-billion-euro ($9.9-billion) disbursement of the current bailout package, just in time for Athens to meet the deadline for major debt repayments.

Moscovici said Tuesday that debt relief could come once Greece successfully implements promised reforms and completes its previous year under the bailout programme, although he said a decision on what measures to undertake could be made earlier.

However, the IMF said it would not release any funds until the eurozone agreed on a deal to cut Greece's €314bn debt burden.


More news


  • Israel to demolish family home of alleged Palestinian attacker

    Israel to demolish family home of alleged Palestinian attacker

    The Palestinian was stopped by a neighbour, an off-duty Israeli soldier, who shot him, the official said . Palestinians argue the security measure is a sign of creeping Israeli control over the holy site.
    Rare form of mad cow disease found in Alabama

    Rare form of mad cow disease found in Alabama

    VCJD is different from classic Creutzfeldt-Jakob disease, though both are fatal neurodegenerative disorders with similar symptoms. People can contract this illness by eating beef contaminated with the infectious prion , which is not destroyed by cooking.
    Disney Casts Lead Roles For Live-Action Remake of Aladdin

    Disney Casts Lead Roles For Live-Action Remake of Aladdin

    Actors Will Smith , Mena Massoud and Naomi Scott have been roped in to star in the upcoming live-action " Aladdin " remake. The Egyptian-born, Canadian-raised actor was announced during the D23 Expo, a three-day fan convention in California.
  • Partner Of Aussie Woman Shot Dead In The US Speaks

    Partner Of Aussie Woman Shot Dead In The US Speaks

    Bicking said he favored a policy in which there would be less officer discretion for when the cameras should be turned on and off. She also talked about how quantum mechanics can be used to heal the spirit and "change your life".
    Beyonce reveals first photo of twin babies, Rumi and Sir Carter

    Beyonce reveals first photo of twin babies, Rumi and Sir Carter

    The photo shared the similar floral theme of her pregnancy announcement , with a background of flowers and veil on her head. Beyonce has finally debuted her twins a month after they were born. "We would like to share our love and happiness".
    Sinkhole swallows two homes in Land O' Lakes Florida, keeps growing

    Sinkhole swallows two homes in Land O' Lakes Florida, keeps growing

    The hole was initially the size of a small swimming pool, AP reports, but now has affected two large single family homes. Kevin Guthrie with Pasco County Public Safety said 11 homes were voluntarily evacuated, and no one had been injured.
  • Cara Delevingne adds pop star to CV after recording song for Valerian

    Cara Delevingne adds pop star to CV after recording song for Valerian

    Meanwhile, her Valerian co-star Cara Delevingne , 24, went braless under a chic, plunging blazer as she rocked an androgynous black suit for the stellar event.
    Dollar edges off lows against euro, central banks eyed

    Dollar edges off lows against euro, central banks eyed

    Warm weather lured United Kingdom shoppers to splash during June, mostly on clothing that led the retail sales higher. This year, an earnings revival has been enough to lure dip buyers facing a potential shift in monetary policy.
    Sexist Audi commercial sparks backlash in China

    Sexist Audi commercial sparks backlash in China

    German auto manufacturer Audi has been criticised in China for running an advert comparing a bride-to-be to a used vehicle . The advert then cuts away to an image of an Audi auto with the voiceover: " An important decision must be made carefully ".
  • Oil, copper weigh on BHP's iron ore growth

    Oil, copper weigh on BHP's iron ore growth

    Finally, Citigroup Inc. reissued a "buy" rating on shares of BHP Billiton PLC in a research note on Tuesday, April 11th. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has "Buy" rating given on Tuesday, August 30 by Argus Research.
    Amazon working on messaging service

    Amazon working on messaging service

    If Amazon does launch a messaging app, it would be the first time the company delves properly into the social messaging space. Amazon didn't forget about the main issue of privacy, so it promises that all chats and activities will remain private.
    India set WWC semis date with Australia

    India set WWC semis date with Australia

    Aware of the fact that this was a must-win match, Mithali Raj put her head down and stabilised the conditions for her team. While Veda dismantled the New Zealanders, hitting big shots at will, Raj brought up her sixth ODI hundred.