Finance minister says bond issue ‘appears successful’
![Finance minister says bond issue ‘appears successful’](https://www.ekathimerini.com/wp-content/uploads/2021/01/staikoyras-intime-thumb-large.jpg)
Greece’s finance minister said Wednesday the country has carried out a successful bond auction, reopening a June 10-year issue that had raised 3 billion euros ($3.55 billion) with a yield of 1.50%.
The move comes as Athens seeks to boost its cash reserves for additional support to pandemic-hit businesses, as well as to increase defense spending amid a crisis with Turkey over Eastern Mediterranean drilling rights.
Speaking in a radio interview, Finance Minister Christos Staikouras said the auction “appears to be successful” and had achieved a lower yield than the June sale.
He gave no further details pending the official announcement of auction results later Wednesday. [AP]