Greece’s successful return to bond markets is the most recent in a series of “positive messages” for the economy that included the country posting a record year for tourism and forecasting an even stronger 2014, Tourism Minister Olga Kefalogianni said.
Greek lenders’ success last month in raising funds from foreign investors shows the government can reach its goal of returning to bond markets, said George Provopoulos, the country’s central-bank chief.
Alpha Bank SA and Piraeus Bank SA raised 2.95 billion euros ($4.07 billion) in new capital from foreign investors in the latest sign Greek lenders are bouncing back from the world’s biggest sovereign debt crisis that pushed them into isolation from international money markets.
Greek banks may need more capital than current estimates suggest, European and International Monetary Fund officials said as they reached a preliminary agreement to unblock money under the Mediterranean nation’s bailout.
Greece will probably sell bonds for the first time in four years before May as the nation seeks to rebuild its finances following an international bailout, Infrastructure Minister Michalis Chrisochoides said.