Staikouras: Greece Expects a Lower Rate for Its New 15-Year Bond Issue

October 20, 2020

ATHENS — "Our goal is the achieve an interest rate lower than the 15-year bond issued in February 2020, which was 1.91 pct," Finance Minister Christos Staikouras said on Tuesday. Speaking before the Parliament's Economic Affairs Committee, Staikouras said that beyond the 15-year bonds, "Greece has successfully returned to the markets and managed to borrow a total of 14 billion euros at extremely low interest rates, which reached, in several cases, one third of the rates in previous years".

"We expect that the new 15-year bond issue will have a lower interest rate than the previous issue of February 2020 and this will be another example of market confidence in the Greek economy," he noted.


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.

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