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Greece issues 5-year bond on record low interest rate

Greece issues 5-year bond on record low interest rate Xinhua 06 May 2021, 02:55 GMT+10 ATHENS, May 5 (Xinhua) Greece drew 3 billion euros (3.6 billion U.S. dollars) on Wednesday through a new five-year issue that secured a record low interest rate in the country s borrowing history, according to its Finance Minister Christos Staikouras. Greece s Public Debt Management Agency announced in a bourse filing that the debt issue maturing on Feb. 12, 2026 obtained bids of more than 20 billion euros and an interest rate of 0.2 percent, against an original guidance rate for 0.28 percent. Staikouras commented in an e-mailed press statement that this record low interest rate for the Greek state regardless of the bond s maturity constituted yet another vote of confidence by the international investment community in the Greek economy and its prospects.

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