Greek Bond Orders Hit $3.5 Billion
10 July 2014 - 9:00PM
Dow Jones News
Greece is poised Thursday to complete its second bond sale since
defaulting on its debt two years ago.
Investors have placed around EUR2.6 billion ($3.5 billion) worth
of orders, according to one of the banks running the sale. Bankers
are suggesting the three-year bond should price to yield between
3.5% and 3.625%. The final size of the bond has yet to be
decided.
The deal is Greece's second in three months following a
four-year hiatus in which the country needed two bailout packages
and a EUR200 billion debt restructuring to avoid financial
collapse.
Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman
Sachs and J.P. Morgan Chase & Co. are the banks hired to manage
the sale.
Write to Ben Edwards at ben.edwards@wsj.com
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