x

Economy

Greece Raises €3.0 Billion with New 10-Year Bond Loan Issue

ATHENS — Greece on Tuesday raised 3.0 billion euros from capital markets through a successful completion of a 10-year bond issue which attracted significant interest.

The interest of the 10-year bond loan was set at 1.55 pct, while bids submitted surpassed 16.5 billion euros.

Commenting on the success of the new issue, government spokesman Stelios Petsas said that "the markets' confidence towards Greece and the government is confirmed in action and that is to the benefit of all Greeks".

It was the third time this year that Greece resorted to international capital markets, after a 15-year bond (2.5 billion euros at 1.88 pct) and a seven-year bond (2.0 billion euros at 2.0 pct).

BNP Paribas, BofA, Deutsche Bank, Goldman Sachs, HSBS and JPMorgan acted as underwriters of the issue.

The bond issue will strengthen Greece's cash, which, according to Finance Minister Christos Staikouras, totaled 36.6 billion euros at the end of March. "Greece has received one more confidence vote from the international investment market," he said. "For the second time after the coronavirus pandemic broke out, and despite difficult economic conditions, Greece accessed the markets successfully."

Staikouras added that this "proved the markets recognize the effectiveness of the government's cohesive plan and its reliability over the management of the health crisis and its economic repercussions."

State bond yields eased further in the domestic electronic secondary bond market. The 10-year bond yield fell to 1.42 pct from 1.48 pct on Friday. The yield spread between the 10-year Greek and German benchmark bonds shrank to 1.74 pct from 1.80 pct last week with the German Bund yielding -0.32 pct. Turnover was 70 million euros of which 64 million were sell orders.

RELATED

ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

Top Stories

Church

BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.

Church

NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.

Events

STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.

Video

1 NYPD Officer Killed, 1 Severely Injured in Harlem Shooting (Vid)

NEW YORK (AP) — A New York City police officer was killed and another critically wounded Friday night while answering a call about an argument between a woman and her adult son, officials said, making four officers shot in the city in as many days.

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.