Log in
A+ A A-
latest youtube videos subscribe ORIGINAL
22ndannualcapital

Greek Bond Sale Exceeded All Expectations

Greece's Finance Ministry has confirmed that the nation's first bond sale since 2010, was desired by concrete financial investors.

Nearly 50% of the 3 billion euros of 5-year bonds administered yesterday, went to British investors, while 7% were bought by Greek investors. Approximately an additional third of the bonds were acquired by European investors. A third of the bonds were purchased by hedge funds. Asset managers claimed 49% of the investor base.

Greek Prime Minister Antonis Samaras stated of the sale, "...exceeded all expectations". The nation's goal was a generated 2.5 billion euros but it earned over 20 billion euros, in requests.

London-based Goldman Sachs Group Analyst Themistoklis Fiotakis claimed today, "It's becoming increasingly clear that the probability of default for Greek foreign-law government bonds is low and declining...The Greek government has regained credibility by showing willingness to adopt reforms, which, although unpopular, have helped the country's recovery prospects".