Minister: Seven-year bond yield records return of Greek economy to normality

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Minister: Seven-year bond yield records return of Greek economy to normalityA Greek government decision to open a book-building process for a new seven-year bond loan was met with strong demand by long-term institutional investors, only a few hours after the launch of the procedure

Greek Finance Minister Christos Staikouras on Tuesday said the yield on a governmental seven-year bond is evidence of Greece's return to economic regularity, ANA reports.

According to media sources, bids submitted exceeded 12.5 billion euros from 2.5 billion sought by the Greek state. The strong demand pushed the yield of the new bond to 1.9 pct from 2.1 pct at the opening of the book-building process.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: flickr.com License: CC-BY-SA Copyright: Tilemahos Efthymiadis

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