Greece raises 2.5 billion euros from 10-year bond issue
The interest rate of the new 10-year Greek bond was set at 3.90 pct with the Greek state draining 2.5 billion euros from the market, up from an initial target of 2.0 billion euros.
Bids submitted in the book-building process totaled 11.8 billion euros from 419 international investors, up from 290 investors in the five-year bond issue.
The 10-year bond matures on March 12, 2029 and it is subject to the English law.
FinMin Tsakalotos: Greece regains market access
The successful bond issue and proves Greece has exited supervision programmes set by financial institutions, said Greek Finance Minister Euclid Tsakalotos on Tuesday, and now has access to markets.
Tsakalotos added how “the 10-year bond issue is a measure of our return to economic normality, since markets can now lend us capital ten years down the line.”