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Greece Ready to Issue Diaspora Bond: Minister

Greece will issue a diaspora bond aimed at Greek investors all over the world “within the next few months” in an effort to return to long term bond markets in 2011, Finance Minister George Papaconstantinou said Sunday.
“We will mainly address Greeks in Europe, the US, Australia, etc., while the interest will be lower than current market rates,” Papaconstantinou told the Sunday edition of Eleftherotypia newspaper.
According to the Kathimerini daily, the Greek government seeks to issue a diaspora bond “of between three and 10 years” or “possibly a one-year bond” in order to send a message to the markets that Greece has access to cheap finance.

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