FinMin: Bond buyback and reopening plan positively affects state coffers and banks

Greek public debt fell by around 620 million euros while the Greek state drained liquidity of around 2.0 billion euros through the buyback and reopening of bonds with Greek systemic banks, ANA reports.

These were long-term securities maturing in 2050 and essentially are the reopening of a 30-year bond offered through a private placement in January 2020. These transactions also helped to participate banks to record a significant increase in profits and capital.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis

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