Greece's Successful Bond Issuance Reflects Economic Confidence

Greece has demonstrated strong investor confidence in its economy despite global market volatility, according to National Economy and Finance Minister Kostis Hatzidakis, CE Report quotes Athens-Macedonian

The Greek government successfully raised €4 billion through a 10-year bond issuance, covering 50% of its annual borrowing program. The bond attracted unprecedented interest, with an order book exceeding €40 billion – the largest in Greece's history.

Remarkably, the bond's credit spread narrowed compared to similar eurozone countries, reflecting strong demand. The spread against the German benchmark bond stood at 99.1 basis points, down from 119.3 basis points last year.

Minister Hatzidakis highlighted this as a clear indication of the international investment community's confidence in Greece’s economic recovery. He also praised the Public Debt Management Agency for its effective execution of the issuance.