Greece raised 2.5 billion euros on Wednesday after reopening a 10-year bond auction, with demand 12 times the received amount.
Finance Minister Christos Staikouras said the yield of the latest auction was close to 0.9 percent – it actually reached 0.888 percent. The bond was first issued in late January 2021, when it raised 3.5 billion euros with a yield close to 0.8 percent.
The Mitsotakis government is hoping to take advantage of historic low interest rates to improve the country’s long-term debt sustainability.
The Greek government bond issue is the fourth time Athens has drained cash from the markets this year.
