Greece Plans First Long-Term Bond Offering Since Bailout (NBG)
Get Alerts NBG Hot Sheet
Join SI Premium – FREE
National Bank of Greece (NYSE: NBG) is on watch Wednesday as Greece is expected to announce a new bond sale.
The WSJ reported that Greece will offer about €2 billion ($2.75 billion) of five-year bonds. Rates weren't speculated on the offering, which is expected to close sometime Thursday.
Greece's 10-year bonds were yielding 6.1 percent early Wednesday, the lowest in four years.
It would be the first long-term bond offering for Greece since its bailout four years ago.
Shares of National Bank of Greece are flat early.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Traders Push Back Timing Of First Fed Rate Cut To December - Bloomberg
- Outlook for sterling could be impacted as Bank of England set to cut rates before the Fed
Create E-mail Alert Related Categories
ETFs, Forex, General NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!