Greece set to issue more bonds

Greece will issue more bonds after last week’s successful five-year debt sale that ended a fouryear drought, the head of the debt agency said on Sunday.

“The bond sale was just the first step,” Stelios Papadopoulos, head of the public debt management agency, or PDMA, told Kathimerini daily.

Greece on Thursday raised €3 billion ($4.2 billion) at under five per cent interest, a move welcomed by its EU-IMF creditors.

A day later, visiting German Chancellor Angela Merkel said Greece’s return to the international bond markets showed “renewed confidence” in the crisishit country.