New Greek Prime Minister says Greek bond sale will attract investors

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New Greek Prime Minister says Greek bond sale will attract investorsIssuance of a bond “at a record low yield of 1.9%.”

Still unable to make a full return to markets nearly a year after the end of three international bailouts of 326 billion euros ($365.46 billion) the sale of a 7-year bond shows Greece is on a path to bring investors back, new Prime Minister Kyriakos Mitsotakis said, according to thenationalherald.com.

Promising to bring more foreign businesses to the country – but not yet meeting his promise to immediately restart the long-delayed $8 billion development of the abandoned Hellenikon International Airport, Mitsotakis pointed out the bond sale was “a vote of confidence in Greece’s growth prospects,” and would spur a slowly-building recovery.

This time, however, the rates were more favorable and the bond for a small test of 2.5 billion euros ($2.8 billion) another sign the country was moving toward trying to get more international financing for government operations.

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

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Europa credito urgente

 

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