Greece set to make Friday debt payment to IMF

Greece is set to pay a €330m tranche of debt falling due on Friday to the International Monetary Fund, according to Market News International.

That follows media reports over recent days that the Washington-based lender is open to the possibility of allowing the Mediterranean country to bundle all its payments into one, to be made at the end of June, in a bid to buy some more time for Athens to reach an agreement with its creditors.

As of 11:47 the yield on the benchmark 10-year Greek government bond was slipping by 11 basis points to hit 10.69%.

The Athens stock exchange's general index was losing 2.35% to 818.55 points.