Greece Raises €1.5 Bln with Reissue of Seven-Year Bond

ATHENS – The Greek state raised 1.5 billion euros from the market with the reissue of a seven-year bond that concluded on Wednesday. The sale attracted offers worth 4.8 billion euros, with the initial guidance driven downward to mid swaps +110 bps from mid swaps +115 bps at the opening of the book-building process, for an interest rate in the region 2.51 pct from 2.57 pct.

The issue matures in April 2027 and was issued with a coupon of 2 pct and a yield of 2.103 pct.

“Bond issue a vote of confidence by international markets”

Greek Finance Minister Christos Staikouras on Wednesday welcomed the successful return of the country to capital markets and said this was another strong vote of confidence for the Greek economy.

“Our country, even in this liquid international environment, manages to move steadfastly as a classic issuer-member of the Eurozone, safeguarding its steady presence in international markets,” Staikouras said, adding that although the latest issue showed an increase in borrowing cost, due to the international conditions, it remained lower compared with 2019 levels.

The Greek FinMin noted that the government has already covered a significant part of its bond issuance programme for 2022, preserving the country’s cash reverses at safe levels and ensuring the necessary funds to continue supporting households and enterprises hit by higher energy costs.


Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Biden Hosts Macron amid Friction over US Climate Law (Video)

WASHINGTON (AP) — Presidents Joe Biden and Emmanuel Macron are celebrating the longstanding U.

AL RAYYAN, Qatar — Memphis Depay and Daley Blind scored in the first half and Denzel Dumfries added a late goal as the Netherlands eliminated the United States from the World Cup with a 3-1 victory Saturday that advanced the Dutch to the quarterfinals.

In many Greek households, even today, mentioning the word ‘cancer’ is still taboo.

SAN FRANCISCO – Greek Chamber Music Project (GCMP) founder, director, and flutist Ellie Falaris Ganelin on December 1 announced the GCMP’s upcoming tour, titled ‘Uproot’ which features music from Asia Minor.

ASTORIA – New York State Senate Deputy Leader Michael Gianaris joined the Museum of the Moving Image’s (MoMI) annual gala on December 1 to announce $5 million in state funding he secured to advance the Museum’s educational work in film, television, and digital media.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.