Greece will this month launch a multibillion-dollar bond in the US, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.
Morgan Stanley could handle the deal, after Goldman Sachs' plans to sell Greek bonds to US and Asian investors this year fell through amid rumours the Chinese had shunned Athens' debt, the Financial Times reports. Greece's finance minister, George Papaconstantinou, will lead promotions in the US "after April 20" but he will no longer follow initial plans to travel on to Asia, one official said. Greece is looking for $5bn to $10bn from US investors to help cover its May borrowing requirement of about €10bn to roll over maturing debt and meet interest payments. The issuance is Greece's...
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