FT-Reuters: 5-year Greek bonds to begin within April

The Greek government will try and open up to markets in April, according to information broadcast by Reuters and The Financial Times. According to information from the financial newspaper, it's not precluded that said act take place before Easter. Information from both sources states that the PDMA (Public Debt Management Agency) is in talks with several banks, among which are Deutsche Bank, Bank of America, Merrill Lynch, JP Morgan, Goldman Sachs, Morgan Stanley and Citi, on the version of five-year bonds in order to raise 2 to 3 billion.

Financial analysts who spokes to FT, emphasize that the fiscal environment for such an action is favourable, given the trend of economic recovery as well as the investor willingness for high-yielding government bonds.

The yield of a 10-year bond in the secondary market is currently right over 6%.