Greek state to seek roughly one bln euros from markets with 15-year bond on Tues.

Greece is expected to again foray into the markets on Tuesday with the issuance of a 15-year bond to raise one billion euros, the first such debt product in three years.

The development comes as the benchmark German 10-year bond saw a 1.5-point hike in basis points, reaching a yield of 2,649 percent.

The same benchmark increased by 24 bps last week, reaching its highest point since the advent of the banking crisis on March 9, 2.677 percent.

Greece’s 10-year bond was hovering at 4 percent and up to 4.3 percent, with the spread compared to the same German product up by 140 points.

Conversely, in comparison to the rest to Europe, the Greek two-year bond features a yield of roughly 3.35 percent.