Yield of Greek government 5-year bond was 2.81 pct in Wednesday's auction
- Written by E.Tsiliopoulos
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Investors showed keen interest in Wednesday's auction of a reissue of five-year Greek government bonds. Bids covered the asked sum (250 million euros) more than 3.5 times and the yield was 2.81%.
As announced by the Public Debt Management Agency, "an auction of GGB 3.875%, 12 March 2029 was conducted today. Total bids reached 906 million euros and the amount finally accepted was 250 million euros. Settlement date is July 24, 2024."
The auction was held in a upbeat climate, following the upgrade of the Greek economy's prospects by Scope Ratings, with the prices of most securities rising and their yields dropping.
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