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.