Greece successfully sold debt to private investors for the first time in three years on Tuesday. This enabled it make a significant first step towards financial independence when its third international bailout ends next year. The bonds were priced to yield 4.625 percent, 32 basis points below a similar duration bond Athens last sold in 2014. When Greece sold 3 billion euros of five-year bonds in 2014, demand reached over 20 billion euros from 600 investors. TURNING A PAGEAthens lost market access shortly after it sold bonds in 2014 because its newly-elected leftist government quarrelled with creditors over debt relief.

Source: The Star July 25, 2017 15:56 UTC