Greece raised lower than expected amount from 3-year bond issue, yield at the high end

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Greece raised lower than expected amount from 3-year bond issue, yield at the high end

Economy 10/07/2014 - 15:07

Following Wednesday’s press release revealing that Greece has mandated international banks for a benchmark bond issue, the Finance Ministry (MoF) announced on Thursday that Greece sold a 3-year bond in a principal amount of 1.5 billion euros at a yield of 3.5 percent.

The amount of the syndicated sale is almost half compared to the 2.5 - 3 billion rumoured in the past few days, while the yield stands at the high end of initial estimates.

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