Greece borrows with negative interest rate
The Greek government borrowed from the markets with a negative rate on its six-month bond.
The Debt Management Agency raised € 812.5 million, with the interest rate standing at -0.02% from 0.0% in the previous October issue. This is despite the fact that demand was slightly lower. The coverage ratio was 2.11 from 2.88 in the previous auction.
The amount includes non-competitive bids of € 187.5 million. The settlement date is December 6th.
This is the third time that the Hellenic Republic has borrowed at a negative rate. The first was in early October, when three-month bonds were issued at the rate of -0.02% and the second again with three-month bonds at the beginning of November, at the rate of -0.08%.
You may be interested
Over a third of Greeks in favour of military conflict with Turkey if it drills in Greek waters, poll saysPanos - Sep 18, 2020
Ruling New Democracy leads major opposition party SYRIZA by 16.9 points, according to a poll conducted by Alco aired on…
Cyclone Ianos moving towards Greece (watch live feed)Panos - Sep 18, 2020
A rare Cyclone Ianos is currently moving eastward, toward the Greek western coastal area and should be close to it…
Moody’s Investors Service downgrades 13 Turkish banksPanos - Sep 17, 2020
Moody’s Investors Service downgraded 13 Turkish banks, just days after downgrading the Turkish economy’s credit rating. The outlooks on the long-term deposit…