Greece makes promising return to bond market

Greece makes promising return to bond market

ATHENS -- After four years of exile from global markets, Greece made a promising return Thursday by attracting strong demand at its first sale of government bonds since accepting two international bailouts to stay afloat.

A highly anticipated auction raised about $4 billion as international investors snapped up bonds that two years ago would have been deemed too risky. The amount was $500 million higher than Athens’ original target.

“The reception of the five-year bond has exceeded all expectations,” a beaming Prime Minister Antonis Samaras said in a nationally televised statement. “International markets have expressed, beyond any possible doubt, their confidence in the...

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