Greece Returns to International Capital Markets
The Greek Finance Ministry confirmed today that its initial markets return in over four years, has experienced a heavy demand.
The nation generated 3 billion euros worth of five-year bonds, at a 4.75% rate. Almost 90% of the purchase was to international financiers.
Thursday's bond sale marks Greece's first since 2010, when the sate was ousted out of the international capital market, by extremely high interest rates in the midst of its financial dilemma. The Hellenic state has been dependent on international bailout revenues since its economic catastrophe. The financial sector is luckily looking up for Greece.
Tagged under
Related items
-
Tsipras's new party surges past PASOK to become Greece's leading opposition force
-
Shay Gal: The Hellenic Navy teaches Israel one hard lesson: how to read Turkish pressure through islands, straits, air-sea seams, and escalation thresholds.
-
Joint naval exercise between Greece and Cyprus off Larnaca and Limassol
-
Beleris on incidents in Albania: Greek properties are being encroached on to build the hotel
-
The six times Americans saw UFOs in Greece, three of them on video – What the files released by the Pentagon say