Record low yield as new Greek gov't taps market

Wednesday, July 17, 2019

Print this page Email A Friend!

ATHENS, Greece (AFP) — Greece's new conservative government placed seven-year bonds at a record-low yield yesterday in its first foray into the debt markets since its election earlier this month.

“I would like to congratulate the Public Debt Management Agency and the Ministry of Finance on the issuance of a 7-year bond at a record low yield of 1.9 per cent,” Prime Minister Kyriakos Mitsotakis said in a tweet.

“This is a vote of confidence in Greece's growth prospects,” he added.

The government was aiming to raise 2.5 billion euros and offers exceeded 12.5 billion euros, reports said.

Mitsotakis' new conservative government has made boosting slugging growth a priority, powered by tax cuts and accompanied by privatisation deals.

In March, under its previous leftist government, Greece had sold its first 10-year bond since the start of the country's decade-long economic crisis, raising 2.5 billion euros.

Greek borrowing costs have fallen sharply in recent weeks.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon