Greece’s five-year bond raises $2.7 billion

·

Greece raised 2.5 billion euros ($2.7 billion) on Wednesday with strong demand for a new 5-year bond, Ekathimerini has reported.

Greek Finance Minister, Christos Staikouras, welcomed the success of Greece’s five-year bond despite the volatile global economic environment.

Mr Staikouras said the returns covered most of the country’s borrowing needs for the year 2023, ensuring high cash reserves for the period following national elections as well.

Greek Finance Minister, Christos Staikouras.

Asset manager at Beta Securities in Athens, Kostas Boukas, told Reuters “it was the right decision at the right time.”

Greece covered almost 90 percent of its annual borrowing needs with the new syndicated bond, paying a yield of about 3.93 percent.

The country plans to borrow a total of 7 billion euros this year through new issues and reopening other maturities. It raised 3.5 billion euros from a new 10-year bond in January.

Source: Ekathimerini.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Earlwood’s Greek spirit centre stage as ‘Plateia’ Festival secures state funding

The City of Canterbury Bankstown will host the “Love Earlwood” festival thanks to the NSW Government’s Open Streets 2025-28 Program.

Greek Consul General honoured at Hellenic Club farewell event in Sydney

Sydney’s Greek community came together on Thursday for a dignified farewell dinner in honour of Greece’s Consul General, Ioannis Mallikourtis

Field of candidates announced for 2025 Greek Community of Melbourne Board election

Greek Community of Melbourne has officially called elections for a new Board of Directors, with members set to head to the polls on June 29.

Australia Cup 2025: Strong Greek heritage club presence as Final 32 locked in

The cast for the Hahn Australia Cup 2025 Round of 32 has been decided following the completion of the Preliminary Rounds.

Apostolakis and Trimis named on Young Matildas squad for upcoming training camp

CommBank Young Matildas Head Coach Alex Epakis has settled on a 32-player squad for a domestic training camp to be held in Sydney.

You May Also Like

Father John Christodoulos in SA to be investigated amid sordid double life allegations

Father John Christodoulos in South Australia will be investigated by the Greek Orthodox church amid sordid double life allegations

Much-loved multicultural advocate Jack Passaris OAM passes away

Much-loved multicultural advocate Jack Passaris OAM has passed away on Thursday, August 8 at the age of 89.

South Melbourne and Heidelberg United qualify for Australia Cup Round of 32

Two Australian historic football clubs, South Melbourne Hellas and Heidelberg United, have advanced to the Round of 32 of the Australia Cup.