Bankers call time on crisis after Greek gold rush

By Craig McGlashan
10 Apr 2014

Greece vanquished fears that its return to the capital markets on Thursday could be a Trojan horse full of fast money, with a deal that attracted a majority of real money investors and more than 90% international participation. Around 600 accounts filled an over €20bn book in just one hour, causing one lead manager to declare the deal a “gold rush”.

While the deal was not without its critics — on timing and pricing — the majority of bankers that spoke to GlobalCapital applauded Greece, and some felt it marked one of the biggest turning points in the eurozone sovereign debt crisis so far.

“This year I believe the eurozone ...

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