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Greece to issue 3-5 year bonds first time since bailout
Last Updated: 2014-04-02 08:32 | Xinhua
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Greek Finance Minister Giannis Stournaras (R) and German Finance Minister Wolfgang Schaeuble attend an Informal Meeting of Ministers for Economic and Financial Affairs at the Zappeion Hall in Athens, Greece, April 1, 2014. European and eurozone finance ministers met and held press conferences today in Athens. (Xinhua/Marios Lolos)

Greece intends to speed up its return to international financing markets by issuing 3-5 year bonds over the next two months for the first time since the bailout program, Greek Finance Minister said on Tuesday.

"A small issuance of 3-5 year bonds in the first semester of 2014 will contribute to the financing needs of Greece," Yannis Stournaras told a press conference.

Stournaras stressed that the issuance of the bonds in combination with a primary budget surplus achieved in 2013, privatization revenues and the release of the next bailout tranches by international lenders this year will cover the necessary funding for the country for the next 12 months.

This assurance which was included in the official Eurogroup statement issued earlier on Tuesday allows the International Monetary Fund to release its 3.4 billion euro (4.7 billion U.S. dollars) portion of the rescue loans, financial analysts noted.

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