Stournaras: Greece returns to markets

Greece will regain access to international capital markets in the next two months (May, June) with a three- or five-year bond issue, Finance Minister Yannis Stournaras said on Tuesday.

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Speaking to reporters, the Greek Finance minister said “we will make an effort with small issues in the first half”, adding that the money to be raised – in combination with a primary surplus, a repos sale by government agencies, privatisation proceeds and the aid loans - will fully cover the country’s financing needs for the next 12 months according to ANA-MPA

Finance ministry officials said the fact that the country’s financing needs were fully covered for the next 12 months – as clearly stated in a Eurogroup statement- offered the opportunity to IMF to disburse its own part of the aid loan (around 3.4 billion euros) in April, while it would also help a discussion, from June onwards. on a European level over reducing the country’s debt burden.