Greece Returns to Bond Markets, Investors Snap 3 Bln Euro of 5-Yr Bonds
Friday, 11 April 2014
Greece returned to the bond market on Thursday with investors snapping 3 billion euro in five-year bonds, Reuters reported.
The bonds' yield was set at 4.95%, the second lowest borrowing costs for a bailed-out euro zone state returning to the market.
The bonds, the first sold by the Greek government since the European Union and IMF rescued it four years ago, attracted more than 20 billion euro of interest from over 550 investors, including 1.3 billion from the banks which are lead managing the deal.
"Today, Greece took one more decisive step to exit the crisis," Reuters quoted prime minister Antonis Samaras as saying in a televised address. "Confidence in our country was confirmed by the most objective judge - the markets.