Greece raised 2.5 billion euros from the international markets with the reopening of the 10-year Greek bond. Te interest of the issue was set at 1.23 percent. The Greek government hailed the sucessfull action as “another vote of confidence to the Greek economy.”
Bids submitted surpassed 18 billion euros.
Greek authorities took advantage of a favourable climate prevailing in international capital markets with the reopening of its latest 10-year bond issue (launched in June 18 with an interest rate of 1.5 pct).
Public Debt Management Organization has set a target for issuing bonds worth 4-8 billion euros for this year, but after the pandemic it raised this ceiling to 9.5 billion euros. It has raised 7.5 billion euros in bond issues so far this year.
Earlier today KTG reported:
Greece on Wednesday attracted very high demand in a reopening of a 10-year bond issue, with bids reaching 16 billion euros. The book-building process opened with an initial estimate for an interest of 1.33%, but the high demand has lowered the interest to 1.23% so far.
Greek authorities are seeking to take advantage of a positive climate prevailing in international bond markets with the reopening of a 10-year bond issue launched on June 18 with an interest of 1.5 percent.
Greece expects to raise around 1.5-2.0 billion euros from the reopening.
The Public Debt Management Organization initially planned to issue state bonds worth 4-8 billion euros this year, but the pandemic has led authorities to raise the ceiling to 9.5 billion euros. It has raised 7.5 billion euros so far this year.
