The Oklahoman

Greek twin bond raises $3 billion, rates ‘historical­ly low’

-

Greece raised $3 billion through two bond issues Wednesday, taking advantage of high investor demand to boost the country’s cash reserves, Finance Minister Christos Staikouras said.

Staikouras said the twin issue – a five-year and a 30-year bond – attracted substantia­l demand among investors and carried “historical­ly low” interest rates.

He said the five-year bond had an “almost zero” rate, while the 30-year issue carried a lower rate than a similar bond sold in March, when the rate was just below 2%.

Newspapers in English

Newspapers from United States