The financial markets welcomed Greece’s return to the medium-term bond market, on Tuesday 25 July.
After being absent from the medium-term markets since 2014, the Greek treasury has now issued five-year bonds. This was a test for the Greek authorities hoping to prove that Greece will be capable of returning to financial autonomy by mid-2018 when the third aid plan comes to an end. Six banks were selected to manage these assets: BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, HSBC and...