Greek bond sale raises £2.7bn

GREECE raised €3bn (£2.7bn) in a bond sale yesterday, tapping the financial markets for the first time in three years as it tested investors’ willingness to lend to its troubled government, writes Tim Wallace.

The five-year bond pays an interest rate of 4.6pc, below the 4.9pc that the state paid on its previous similar issuance back in 2014.