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Why did Greece return to bond markets now? Was it the right decision?
Greece made what many commentators regarded as a spectacular comeback to international bond markets this week after four years in “exile,” as Prime Minister Antonis Samaras described it.
The placement of the 3-billion-euro, 5-year bond in a syndicated sale was declared a success. It was heavily oversubscribed and the yield of 4.95 percent was notably lower than had been expected even a few days earlier.
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