Bond reopening raises €975 million
A return by the Greek state to international capital markets was met with strong investment interest, as the reopening of a five-year bond was almost two-and-a-half times oversubscribed on Tuesday.
In an announcement, the Public Debt Management Authority said that offers exceeded 1.865 billion euros and the Greek state finally accepted offers worth €975 million, up from the initial target of €750 million.
The bond price was set at 99.30 basis points.
On Wednesday the PDMA will also auction 26-week treasury bills, to the amount of €625 million.
