UPDATE 1-Greece denies reports of bond deal with China

* Greece says no bond deal with China in the works

* No mandate to Goldman Sachs to make deal

* Reiterates previous plan to hold investor roadshow in Asia

(Adds quotes, background)

ATHENS, Jan 27 (BestGrowthStock) – Greece on Wednesday denied press
reports it had mandated Goldman Sachs (GS.N: ) to sell bonds to
China, but its debt chief reiterated a roadshow in Asia was in
the pipeline.

The Financial Times and the Wall Street Journal reported
that Greece was turning to China to buy up to 25 billion euros
of its bonds to help it through its fiscal crisis, with U.S.
investment bank Goldman Sachs promoting the deal to Beijing.

“The Finance Ministry categorically denies that there is any
deal to sell Greek bonds to China,” the statement said. “The
Finance Ministry has not mandated Goldman Sachs to negotiate any
deal with China.”

“The figures reported are not true,” the finance ministry
said in a statement to Reuters.

Greece had said it would stage a roadshow to the Far East,
including China, and the United States sometime this year,
seeking to expand its investor base. The head of its debt agency
(PDMA) on Wednesday reiterated such a roadshow was planned.

“I have no idea as regards what is being mentioned in press
reports. There are plans for a roadshow, we have said this. The
when is up to the minister to decide,” PDMA’s Spyros
Papanicolaou told Reuters.

The euro zone country needs to raise 53 billion euros this
year as it struggles with a fiscal crisis. On Monday it launched
its first, syndicated bond issue this year, drawing a solid 8
billion euros but paying a hefty premium.

Investment Analysis

(Reporting by Dina Kyriakidou; editing by Patrick Graham)

UPDATE 1-Greece denies reports of bond deal with China