Athens puts off bond sale, has fiscal concerns to address

EconomyProgramme Tags: Budget, Debt
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greek authorities decided on Tuesday to put off plans to begin the book-building process for the 7-year bond that Athens wants to issue due to volatility on the international markets.

The Finance Ministry and the Public Debt Management Agency (PDMA) decided to delay the issue due to fears that the yield, which the government wants to keep below 3.5 percent, would be affected by plummeting stock prices.

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