Athens Bomb Fails To Dent Greek Bond Sale

Written By Unknown on Kamis, 10 April 2014 | 16.01

Greece is tapping the bond markets for the first time since its bailout in 2010 as deep anger remains over severe austerity in the debt-ridden nation.

A bomb blast outside a Bank of Greece building preceded the sale.

The device detonated in a car before dawn but there were no injuries and it was unclear whether the attack was related to the sale of five-year bonds, which analysts said aimed to raise up to €3bn and was up to seven-times oversubscribed.

The bombing followed a 24-hour public sector strike in Greece in protest against the continuing austerity demanded of it by its international bailout lenders.

German chancellor Angela Merkel - a hate figure among unions in Greece because of her demands for deeper spending cuts in the country - is due in the Greek capital for talks on Friday.

Despite Greek bonds being rated as 'junk' by major ratings agencies, the apparent success of the sale followed a steep decline in the country's borrowing costs from the darkest days of the eurozone crisis.

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