Greek rescue bond oversubscribed
GREECE yesterday successfully raised 1.25 billion euros (US$1.6 billion) in its first debt auction since receiving international bailout loans.
The country's Public Debt Management Agency said the sale of 26-week treasury bills was oversubscribed 3.64 times, at an interest yield of 4.65 percent. The sale was seen as an important test of Greece's financial recovery effort amid continued Europe-wide concern over sovereign debt.
Debt-strapped Greece narrowly avoided default in May, when it received the first installment of a 110 billion euro rescue package from euro-currency partners and the International Monetary Fund.
To secure the loans, Greece's center-left government imposed painful austerity measures and began overhauling its pension and labor systems, angering labor unions and triggering a series of strikes and protests.
The country's Public Debt Management Agency said the sale of 26-week treasury bills was oversubscribed 3.64 times, at an interest yield of 4.65 percent. The sale was seen as an important test of Greece's financial recovery effort amid continued Europe-wide concern over sovereign debt.
Debt-strapped Greece narrowly avoided default in May, when it received the first installment of a 110 billion euro rescue package from euro-currency partners and the International Monetary Fund.
To secure the loans, Greece's center-left government imposed painful austerity measures and began overhauling its pension and labor systems, angering labor unions and triggering a series of strikes and protests.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.