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Reuters: Greece has opened books for new 5-yr bond; initial guidance of 3.75-3.875%

The Greek state has “opened books” for a closely scrutinized new five-year bond, Reuters reported on Tuesday afternoon, citing an unnamed source. The news agency reminded that it was Greece’s first foray into sovereign borrowing markets since the third – and last – bailout ended last August.

The dispatch said initial guidance was for the issue’s yield was between 3.75-3.875 percent, again attributing the source.