The Public Debt Management Agency said Monday that the issue would be launched “in the near future” subject to market conditions. In January, Greece raised 2.5 billion euros with a five-year bond.
The decision follows Friday’s two-notch upgrade of Greece’s credit rating by Moody’s ratings agency, from B3 to B1. Although that is still well below investment grade the upgrade offers a considerable boost to market confidence.
Greece last issued a 10-year bond in 2010, shortly before the country’s first bailout.