Arab Today, arab today greece auctions €813m in 6month bonds
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Greece auctions €813m in 6-month bonds

Arab Today, arab today

Arab Today, arab today Greece auctions €813m in 6-month bonds

Greece rolled
Athens - AFP

Greece rolled over 812.5 million euros ($885 million) in six-month treasury bonds Wednesday at the same 2.97 percent interest rate it auctioned bonds in July, the Greek Public Debt Management Agency said.

The sale of new bonds to cover maturing titles was an encouraging sign for debt-swamped Greece, which is struggling to reach a new bailout deal with international creditors before August 20, when it must repay some 3.4 billion euros ($3.7 billion) due to the European Central Bank.

The new issue was over-subscribed by bidding buyers by a ratio of 1.3, which helped hold the interest yield to the same 2.97 percent rate that Athens sold 1.6 billion euros of six-month bonds last month.

Against the robust demand, the Public Debt Management Agency said it would allow bidders to "submit non-competitive bids up to 30 percent of the amount initially auctioned until August 6, 2015 (12 p.m local time)" in the hopes of further improving financing conditions for Athens.

Greece has been almost entirely closed out of international medium- and long-term bond markets since its debt crisis exploded in 2010, and has relied on bailouts from the European Union, European Central Bank (ECB) and International Monetary Fund to honour debt payments.

Earlier Wednesday the ECB said it had decided to leave the ceiling of its Emergency Liquidity Assistance (ELA) for Greece's struggling banks unchanged at 90.5 billion euros ($98.7 billion).

Meantime, Greek Prime Minister Alexis Tsipras said Athens had entered "the final stretch to conclude an agreement with the institutions" for the new bailout before the August 20 deadline.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece auctions €813m in 6month bonds Arab Today, arab today greece auctions €813m in 6month bonds

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece auctions €813m in 6month bonds Arab Today, arab today greece auctions €813m in 6month bonds

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday