Financial Times
March 9, 2011
The Greek government filed a “shelf registration” for the bond issue with the Securities and Exchange Commission on Tuesday, the day after Moody’s downgraded its bonds by three notches to a “highly speculative” rating.
Petros Christodoulou, the country’s debt manager, said on Wednesday that Greece planned to raise about €3bn through a series of quarterly or six-monthly issues. “There would be a number of tranches issued at intervals,” he said.
Advisers have still to be appointed and no date for the launch has been set.
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