logo
POST TIME: 10 February, 2018 00:00 00 AM
Greece sees ‘huge’ demand in new 7-year bond issue
AFP

Greece sees ‘huge’ demand in new 7-year bond issue

AFP, ATHENS: Greece saw “huge demand” on Thursday in another tentative return to markets with a seven-year-bond, its first sale of the sort since the start of the economic crisis, Prime Minister Alexis Tsipras said. ”We had good news from the markets. The transaction is going well,” Tsipras told visiting EU Economic Affairs Commissioner Pierre Moscovici about the issue, which sought to raise around 3.0 billion euros ($3.7 billion). Ahead of an official announcement, state agency ANA said the sale drew offers of around 6.5 billion euros at an interest rate of 3.5 per cent.