10-year bond sale a success of all Greeks, Economy & Finance minister says

The successful completion of a 10-year syndicated bond issue is a success of all Greeks and a reward of the government's economic policy

The successful completion of a 10-year syndicated bond issue is a success of all Greeks and a reward of the government’s economic policy, National Economy and Finance Minister Costis Hatzidakis said on Tuesday, adding that the bond issue broke a significant record.

In a statement, Hatzidakis said: “Today we returned to markets to borrow 4 billion euros, and investors offered 35 billion euros. We achieved some significant records. It was the biggest 10-year bond issue since 2010, with the largrest offer book, the spread is expected to be the lowest and the borrowing interest rate is expected to close around 3.5%. All these certify the steadily growing Greek economy. Restoring confidence, regaining the investment grade and a prudent fiscal policy ensured lower borrowing costs and benefits to Greek taxpayers.”