Greece received offers of 19 billion euros for the simultaneous reissue of a 5- and a 30-year bond during a book-building process on Wednesday, with the Greek State drawing 2.5 billion euros – 1 billion from the 30-year bond at 1.67% interest and 1.5 billion euros from the 5-year bond, at a nearly zero interest rate, ANA reports.
It was the fifth time that Greece taps the markets since early 2021. The Greek State has raised from the markets about 11.5 billion euros, thus covering the goal of the loan program that had been set for this year. The specific goal that was set with the submission of the budget was based on different data from those created after the pandemic, however: At the time, the relief package for the repercussion of the pandemic crisis was assessed at 7.5 billion euros, while it has now exceeded 15 billion euros.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis
