High demand was recorded for the reissue of a 10-year Greek government bond on Wednesday, with bids that were 3.7 times higher than the asked sum of 250 million euros.
The yield of the bond fell to 3.11%, compared to 3.56% during the previous auction in June.
More specifically, the bids submitted for the 10-year bond maturing on June 15, 2034 with a coupon of 3.375%, amounted to 924 million euros.
The Greek State will ultimately raise 250 million euros.
The purpose of the reissuance is to meet investment demand and facilitate the functioning of the secondary bond market. The settlement date is September 25, 2024.
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