Greece holds successful bond reopening
The PDMA will proceed with more aggressive moves to reduce the debt of 356 billion euros.
Greece on Wednesday successfully auctioned the reopening of a five-year bond at a significantly lower cost.
The Public Debt Management Authority (PDMA) auction attracted bids of 1.086 billion euros, significantly higher than the requested sum of €250 million, and the yield of the issue was set at 2.72%.
The reopening of the Greek state bond has a fixed interest rate of 3.875% with a maturity date of June 15, 2028.
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