The Greek government has turned to BNP Paribas and Deutsche Bank to lead the sale of €1.7bn ($1.5bn) of privatisation certificates that are exchangeable into shares from future sales of state-owned companies.

In June the Greek government chose Credit Suisse First Boston, Schroder Salomon Smith Barney and UBS Warburg to sell a bond exchangeable into shares in Hellenic Telecommunications Organisation (OTE).