The Greek ten-year bond issue was successfully crowned with an interest rate of 3,90%
Greece’s new foray to international markets was successful, as the interest rate on the newly issued 10-year bond was “locked in” at 3.90%, the lowest level since 2006. Indeed, the target of raising funds has also been exceeded, as from the initial target of 2 billion euros, the Greek government draws 2.5 billion euros.
The bids in the book, according to an announcement at the Athens Stock Exchange, amounted to 11.8 billion euros from 419 international investors, compared to the 290 investors who were bidding for the 5-year bond. The ten-year bond expires on 12 March 2029 and is governed by English law. The bid book was opened this morning and the first indications state that the bond yield would range between 3.9% and 4%. However, increased demand has led to a low rate.
Tsipras: It is a sign of hope and prospect
Speaking to the Greek Parliament, the Greek Prime Minister spoke of a crucial sign as Greece is turning over a new page and is coming out of the crisis. “But it is also a sign of hope and prospect that something can change, and things will get better,” said Al. Tsipras. He also addressed Kyriakos Mitsotakis, reminding him of the prediction that Greece will not be able to return to the markets. “This prediction was also another pathetic failure of yours”, he stressed.
You may be interested
The must-visit churches in AthensPanos - May 24, 2019
Most people visiting Athens know the city is packed with ancient ruins, archaeological sites, and museums. Turn a corner in…
Mustaches protect men from cancer, study saysPanos - May 24, 2019
For all of those men who view a mustache as a largely ornamental addition to their masculine appearance, a new…
Greek-American composer Olivia Hadjiioannou wins top award at Festival in CannesPanos - May 24, 2019
Greek multi-instrumentalist and composer Olivia Hadjiioannou won the Best Music Video award for Red Lion in the inaugural French Riviera…