Greece to issue bonds for first time in three years

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Greece is looking to sell government bonds for the first time since 2014 amid negative yields elsewhere in Europe.

The five-year bond could come as early as this week with a yield above 4.5 per cent, the Financial Times reports.

Greece has only raised debt twice since the 2010 eurozone crisis issuing €4.5bn of bonds at three and five-year maturities in 2014.

The IMF said earlier this year that Greece’s debts were unsustainable and the country has received three bailouts in the last seven years.