Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest

Economy Tags: Debt, Markets
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece completed on Wednesday its first transaction to boost its cash reserves amidst the pandemic crisis by issuing a 7-year bond that raised 2 billion euros.

The issue came during a challenging couple of days for Greece as the International Monetary Fund estimated in its WEO report that the Greek recession this year will reach 10 pct. In its Fiscal Monitor report on Wednesday, the IMF indicated that the fisc...

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