French.china.org.cn | Updated 30-01-2019
On Tuesday, Greece withdrew 2.5 billion euros (2.85 billion dollars) from a new five-year bond issue with a yield of 3.6%, said Finance Minister Euclid in the Tsakalotos parliament.
This bond issue, the first in eleven months for this Mediterranean country, was re-signed four times, for a total of 10 billion euros, the official AMNA news agency reported. These bonds expire in April 2024 with a nominal interest rate of 3.4%.
“This 2.5 billion represents 36% of our total needs in 2019,” said Tsakalotos, referring to the Government Debt Management Program for 2019, which plans to withdraw 7 billion euros from the bond market.
It was the first experience of Greece in the international money market since the country abandoned its third rescue program in August last year.
“It is important that the origin of the investment has changed significantly when ordinary investors are gaining the position of hedge funds, which shows that Greece is taking a new step,” the minister said. F
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