Greek finance ministry says bond issue raised 3 billion euros

Greek finance ministry says bond issue raised 3 billion euros

PanARMENIAN.Net - Greece's finance ministry said its first return to the markets in four years has seen strong demand, with the country raising 3 billion euros through five-year bonds at a coupon rate of 4.75 percent on Thursday, April 10, according t the Associated Press.

The ministry said in a statement that nearly 90 percent of the sale was to international investors.

The bond sale is Greece's first since 2010, when it became locked out of the international debt market by excessively high interest rates due to a severe financial crisis. It has been relying on international bailout funds ever since.

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