ATHENS, Greece -- Greece's Finance Ministry says the lower cost and stronger investor appetite for the country's latest short-term debt issue bodes well for a planned return to bond markets in coming months.
The yield investors demanded to buy Tuesday's regular issue of six-month treasury bills fell to 3.01 percent, from 3.6 percent in March. The issue was three times oversubscribed and raised 1.3 billion euros ($1.8 billion).
Greece has been unable to sell long-dated debt since it nearly went bankrupt four years ago. It has survived on international bailouts conditional on tough austerity measures and wide-ranging economic reforms.
Deputy Finance Minister Christos Staikouras said Tuesday's auction shows Greece is on "a return trajectory" to global markets.
The country is expected to issue about 2 billion euros worth of 3-to-5-year bonds by July.
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