The Greek Finance ministry is expected to announce the country’s return to international markets with a three-year bond worth 2.5-3.0 billion euros, later on today.

Finance ministry sources said the interest rate of the bond issue was expected to be set at 3-3.5%, with Bank of America, Merrill Lynch, Deutsche Bank, Goldman Sachs, Citi, JP Morgan, Morgan Stanley, Nomura, HSBC, UBS and BNP Paribas acting as joint bookrunners.

A further decline in the interest rate of six-month Treasury bills (from 2.15% to 2.05%) in Tuesday’s auction was considered to be a “good omen” for Greece’s return to international markets, the second this year. Greece returned to international markets in April, with a five-year bond, after a four-year exclusion.