Greece managed to secure a 2.5 billion euros loan on a 5-year state bond it issued at an interest rate of 3.6%. Greece had exited the markets to test the waters after the bailout programme linked to fiscal and structural reforms recently ended.
The tender offers closed for the five-year bond with Greece raising 2.5 billion euros at a 3.6 percent interest rate that exceeds the government’s 3.5 percent limit.
The fixed interest rate of the bond (annual coupon) stood at 3.45%. The bids submitted exceeded almost 4 times the requested amount, exceeding 10 billion.