Hellenic Short-Term Borrowing Amounts Plummet

April 15, 2014
Written by

Greece's short-term debt sale borrowing amounts have recently plummeted, following the nation's international bond market return.

Reported by the public debt management agency, today's 13-week treasury bill interest rate declined to 2.45%, in comparison to 3.1% for a comparable issue in March. The state generated 1.625 billion euros in today's purchasing, which marked a 2.73 times oversubscribed rate.

Greece sold its first five-year bond last week, in over four years. Prior to this sale, Athens was depending on international financial assistance worth 240 billion euros, since 2010. The competitive sale was eight times oversubscribed; the nation produced 3 billion euros with a 4.95% yield.

Tagged under