Greece starts 15-year bond auction as market rates favorable

Greece starts 15-year bond auction as market rates favorable

1 photo
Save Story
Leer en español

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 Information in the story may be outdated or superseded by additional information.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 launched an auction for a 15-year bond, aimed at taking advantage of low interest rates and a recent sovereign credit rating upgrade.

The Public Debt Management Agency is reportedly hoping to raise up to 2.5 billion euros ($2.75 billion) in the auction that will be concluded later Tuesday.

Greece has successfully tapped the bond market after ending its last international bailout program in 2018 and creditors have granted the country a major package of repayment relief measures valid through 2032.

Tuesday's auction is the country's first effort to borrow money on the market that goes beyond that date.

Fitch ratings on Friday agency raised Greece’s credit rating by one notch to BB with a positive outlook.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast