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September 23, 2017

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Greek gov't to issue more bonds after success of five-year debt sale: official

ATHENS--Greece will issue more bonds after last week's successful five-year debt sale that ended a four-year drought, the head of the debt agency said on Sunday.

"The bond sale was just the first step," Stelios Papadopoulos, head of the public debt management agency (PDMA) told Kathimerini daily.

Greece on Thursday raised 3.0 billion euros (US$4.2 billion) at under 5.0 percent interest, a move welcomed by its EU-IMF creditors.

A day later, visiting German Chancellor Angela Merkel said Greece's return to the international bond markets showed "renewed confidence" in the crisis-hit country.

The PDMA chief on Sunday said Greece wanted to "pique the interest of foreign investors, so they can focus on the real reform carried out in the country."

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