Percorso:ANSA > Nuova Europa > Greece > Greece raises $3.5 billion in milestone bond issue
Greece raises $3.5 billion in milestone bond issue
Yield for the five-year bond set at 4.62%
26 July, 08:58
(ANSA) - TRIESTE - The Greek government said it has raised 3
billion euros from the country's first bond issue in more than
three years. The government said the yield for the five-year
bond was set at 4.62 percent, showing slightly improved investor
confidence since the 2014 issue, where the yield was 4.95
percent. It added most of the buyers were global investors and
not speculative traders looking for a quick profit.
Finance Minister Euclid Tsakalotos said the result was satisfactory, and added that Greece would proceed with further bond issues before the end of its bailout program in little over a year.
The country was locked out of bond markets in 2010, and has since been kept afloat by international rescue loans. (ANSA).
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Finance Minister Euclid Tsakalotos said the result was satisfactory, and added that Greece would proceed with further bond issues before the end of its bailout program in little over a year.
The country was locked out of bond markets in 2010, and has since been kept afloat by international rescue loans. (ANSA).
