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.

 Top stories
That net balance was lower than 39% in June and the lowest since the Markit Global Business Outlook Survey began in 2009.
The project aimed to assist the country in improving financial management and efficiency of the government’s activity.
Australian PM Tony Abbott said leaders would discuss job creation, identifying tax cheats and strengthening the global economy.
This is the second in a series of three DPOs, supporting the government of Armenia in meeting its strategic objectives.
Partner news