The Greek state’s closely watched foray into international money markets on Tuesday was met with strong investment interest, as the reopening of a 5-year bond was oversubscribed by nearly 2.5 times.
According to an announcement by the country’s Public Debt Management Authority, offers exceeded 1.865 billion euros in value, with the Greek state accepting offers worth 975 million euros, up from an initial target to raise 750 million euros.
The bond price was set at 99.30 basis points.
