Greece's raises 2 bln€ with 15-year bond issue, amid record low interest rates

Wednesday, 21 Oct 2020 21:58 UPD: 22:02
INTIME NEWS / ΣΤΕΦΑΝΟΥ ΣΤΕΛΙΟΣ

Greece’s finance minister said the country has raised two billion euros in a 15-year bond issue floated the same day, taking advantage of low interest rates to bolster cash reserves amid the coronavirus pandemic and continuing tension with neighboring Turkey.

The minister said the “historically low” interest rate was below 1.2%, and the bond issue enjoyed high demand. Greece has gradually regained access to international markets following the end of its nearly decade-long reliance on international bailouts last year. In September, the country raised 2.5 billion euros by re-issuing a June 10-year bond that had initially raised  three billion euros.

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