A successful completion of a 15-year state bond issue is a success for the Greek economy and the country and a vote of confidence by international markets, Finance Minister Christos Staikouras said on Tuesday, adding that the issue helps the country’s long-term investment profile and strengthens the country’s debt.
In a statement, Staikouras said the 15-year bond issues – the first after 10 years of crisis – is a success for the Greek economy and the country. The long-term of the issue, the high demand, the low borrowing cost and the excellent quality of the issue, improve the Greek debt’s yield curve, build a long-term investment profile and strengthen the public debt’s sustainability.
“The issue is a vote of confidence by international markets in the implemented economic policy and the country’s outlook. The economy recovers, finds a good pace and regains its self-confidence,” the Greek minister said.