Greece raises 300 mln euros from reopening of June 2033 bond

Kitco Media
By Reuters
Published:
Updated:
Reuters
ATHENS, April 19 (Reuters) - Greece has raised 300 million euros ($328.32 million) through the auction of a June 2033 bond, which it reopened to facilitate the secondary market's operation, the Greek debt agency PDMA said on Wednesday. The 4.25% bond was sold at a yield of 4.31%. Offers for the bond reached a total of 1.69 billion euros, the PDMA said. The settlement date is April 26. Greece covered 90% of its annual borrowing needs with the new auction. It plans two more bond reopenings via auctions by the end of June.
($1 = 0.9137 euros) (Reporting by Lefteris Papadimas Editing by Karolina Tagaris and Alison Williams)

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