Greece attracts record demand for first bond sale since regaining investment grade

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Greece witnessed record demand for its first new bond on Tuesday after regaining investment grade.

According to Ekathimerini, Greece raised 4 billion euros from the 10-year bond, and investor orders exceeded 35 billion euros.

“The successful completion of a 10-year syndicated bond issue is a success of all Greeks and a reward of the government’s economic policy,” Economy and Finance Minister Costis Hatzidakis said on Tuesday.

Greece gets record demand for first new bond since regaining investment grade. Photo Bloomberg.
Greece gets record demand for first new bond since regaining investment grade. Photo: Bloomberg.

“All these certify the steadily growing Greek economy. Restoring confidence, regaining the investment grade and a prudent fiscal policy ensured lower borrowing costs and benefits to Greek taxpayers.”

Greece accounts for nearly 40% of the 10-billion-euro borrowing program outlined by the Public Debt Management Agency for 2024.

The country’s economy is expected to grow by 2.9% this year after 2.4% last year, outperforming its euro zone peers.

Source: Ekathimerini

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