Business & Finance

Greece to reopen 3-,5-year bonds, exchange them for T-bills

Published September 10, 2014 Updated September 10, 2014 05:31pm

1 min

By Muhammad Iqbal

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ATHENS: Greece said on Wednesday it will reopen its recent 3- and 5-year bonds and top them up by about 1.0 billion euros on Sept. 11, accepting existing T-bills as payment.

The bond exchange offer will start at 0600 London time (0500 GMT) and end at 1700 (1600 GMT), based on a filing on the Athens stock exchange.

Alpha Bank, Eurobank, National Bank and Piraeus Bank will be the dealer managers.

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