Reuters: Strong demand for Greek & Austrian bonds

27 January 2021
315 Views

Strong demand emerged today for bond issues from Austria and Greece, which followed larger Eurozone countries that issued bonds earlier in January.

Austria received orders from investors amounting to 40 billion euros and Greece 25 billion euros for their new 10-year bonds.

Slovenia has also entered the market for the sale of a 60-year bond, according to Reuters. The issues from all three countries are consortium, which means that they have hired banks to sell the debt directly to investors, which allows them to issue larger amounts and target a larger investor base.

Italy, Spain and France did the same earlier this January, as they always do, for most of which there was a record-high demand, as investors bet that European interest rates will remain low for a long period of time.

The chief analyst for Rabobank interest rates in London said that today’s issues are an additional indication that demand for bonds in the Eurozone is exceeding supply thanks to bond purchases by the European Central Bank.

You may be interested

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths
GREECE
shares34 views
GREECE
shares34 views

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths

makis - Jul 30, 2021

Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,845, of which…

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths
GREECE
shares40 views
GREECE
shares40 views

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths

makis - Jul 29, 2021

Greek authorities announced today that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,696, of…

Greek real estate market still strong despite Covid-19 pandemic, report shows
FINANCE
shares45 views
FINANCE
shares45 views

Greek real estate market still strong despite Covid-19 pandemic, report shows

Panos - Jul 29, 2021

The Greek real estate market is demonstrating resilience in 2020 despite the fact that the pandemic had an overall negative impact on the…

Leave a Comment

Your email address will not be published.