Greece is issuing its longest-maturity bonds since 2008, completing the country’s full return to debt markets, Bloomberg said on Wednesday, ANA reports.
“The nation is selling 30-year bonds via banks, which could be an opportunity for investors to pick up yields that are likely to be the highest in the euro area. Greece is following others in the region in seizing on low borrowing costs to finance its pandemic recovery.
The sale is a sign of just how far Greece has come over the past decade. At the height of the euro-area debt crisis in 2012, 10-year yields skyrocketed above 44 pct, with the country locked out of international markets. Now, yields are below 1 pct, giving the government a chance to tap long-end bonds and complete its yield curve,” it added.
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