Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
ATHENS, Greece (AP) — Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets.
The finance ministry said Thursday it had accepted 1.5 billion euros of the 3 billion euros offered by investors, and that the yield had been set at 3.5 percent.
It expressed satisfaction with the sale, which it said was carried out amid an "exceptionally unfavorable economic climate in the international markets yesterday and today." Bond markets sank Wednesday and Thursday in a pullback after sharp gains, and following announcements by the Federal Reserve that it would end it stimulus program in October.
Greece was frozen out of bond markets in 2010 and was saved from bankruptcy by an international bailout.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
