Greece gathers record orders for first 15-year bond since crisis

Greece attracted record orders for its first 15-year bond sale since the financial crisis, a crucial step in furthering the thrice bailed-out country's capital markets comeback.
Investor demand for the 2.5 billion euro bond exceeded 18.8 billion euros, the biggest order book since Greece returned to the international bond market in 2017 after a debt crisis that locked it out for years.
After issuing bonds of up to 10 years' maturity since then, Greece is looking to extend the term of its debt.
This week's sale followed a debt swap last week with the National Bank of Greece that led to a new 30-year bond.
"The bond's long duration, the high demand, the low borrowing cost and the excellent quality of the issue are improving the debt curve, building a long-term investment profile ... and boosting Greek debt sustainability," Finance Minister Christos Staikouras said...