Stock market turmoil prompts Greece to delay bond issue
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Greek government finance officials say they have decided to delay this week's planned auction of a seven-year bond due to international turmoil in financial markets.
Officials from the Finance Ministry and public debt management agency met Tuesday, in the wake of a heavy drop in U.S. stocks that was followed by a broader global sell-off.
Greece has already hired five banks to manage the upcoming auction.
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The country is expected to make three separate bond issues before its international bailout program ends in August. The debt issues are part of a plan to make a full return to markets for the first time since 2010 and build up cash buffers.