View of the Acropolis in Athens. Photo: Wikipedia Commons

Despite reports in recent weeks that Greece had breached a debt ceiling of 320 billion euros set by the IMF, Greece is moving ahead with a return to bond markets with a five-year issue set to launch Tuesday.

The Financial Times reports that Goldman Sachs, Citi, Deutsche Bank, HSBC, BNP Paribas and Bank of America Merrill Lynch will manage the deal, the issue of which comes after S&P ratings upgraded its outlook on Greek government debt Friday from stable to “positive” on hopes that more debt relief is coming from the EU next year.

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