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Greece Raised € 2 Billion By Selling 15-year Government Bonds
Greece raised € 2 billion by selling 15-year government bonds to strengthen its financial reserves during the coronavirus pandemic.
Yazar: Tom Roberts
Yayınlanma: 25 Ekim 2020 02:44
Güncellenme: 7 Kasım 2024 15:35
Greece Raised € 2 Billion By Selling 15-year Government Bonds
Greece raised € 2 billion by selling 15-year government bonds to strengthen its financial reserves during the coronavirus pandemic. Finance Minister Christos Staikouras said that the bonds were sold at a historically low interest rate of 1.2 percent, while their issue met with high demand. In February, when the country sold 15-year bonds for the first time in a decade, interest was 1.9 percent, Staikouras noted."All this shows and confirms the confidence of international markets in the governance and prospects of the Greek economy," the finance minister said in a statement. The government "is increasing the country's financial resources in a situation where there is high uncertainty due to the ongoing health crisis and geopolitical tensions in our region," Staikouras said.
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