Greece Plans First Long-Term Bond Offering Since Bailout (NBG)
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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.
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