Greece confirms return to markets with 5-year bond

ATHENS, April 9 Wed Apr 9, 2014 8:24am EDT

Related Topics

ATHENS, April 9 (Reuters) - Greece's finance ministry confirmed on Wednesday it mandated international banks to issue a benchmark, five-year bond, the country's first long-term debt sale since its international bailout started four years ago.

"The Hellenic Republic announces today it has mandated international banks for an imminent five-year benchmark bond issue, (denominated) in euros, under UK law," the finance ministry said in a statement.

"The transaction is expected to be priced and take place in the immediate future," the statement added.

(Reporting by Harry Papachristou)