Xinhua
23 May 2022, 22:35 GMT+10
ATHENS, May 23 (Xinhua) -- Greece reopened a 10-year bond on Monday, drawing 500 million euros (533 million U.S. dollars) in a bid to expand the liquidity of this benchmark issue, and securing demand more than three times the amount auctioned.
The issue was only open to primary dealers, but was still oversubscribed more than three times, Greece's Public Debt Management Agency (PDMA) announced.
It said total bids amounted to 1.595 billion euros, with a 3.19 coverage ratio. The uniform yield secured amounted to 3.61 percent, compared to the original rate of 3.90 percent.
On Friday, PDMA had announced in a bourse filing that "this operation comes to provide additional liquidity on this maturity point of the Greek government bond curve."
This issue is set to mature on January 30, 2033.
Greece has not yet attained investment grade for its sovereign bonds, but Prime Minister Kyriakos Mitsotakis stated on Monday that this is a feasible national target that Greece will achieve by 2023. (1 euro = 1.066 U.S. dollars)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
BEIJING, July 5 (Xinhua) -- No dull rows of chairs and tables, no endless slides of charts and numbers -- instead, a gleaming statue...
KHARTOUM, July 5 (Xinhua) -- After more than two years of devastating conflict, Sudan's capital Khartoum is slowly emerging from the...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
Chinese FM urges China, France to uphold multilateralism, rules of free trade China and France should champion multilateralism and...
Birmingham [UK], July 6 (ANI): Indian bowling coach Morne Morkel hailed skipper Shubman Gill after a record-breaking outing at Birmingham,...
New Delhi [India], July 5 (ANI): India's batting mainstay Virat Kohli had unstinting praise in store for Test captain Shubman Gill,...
With Gaza still burning and corruption charges mounting, Israels prime minister arrives in D.C. looking for favors, not peace Fresh...