Greece taps markets for 4th time in 2021, raises 2.5bn euros

Greece has raised 2.5 billion euros ($3.1 billion) after reopening a 10-year bond auction, authorities said, with demand reportedly more than 10 times the received amount

ATHENS, Greece -- Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10 times the received amount. Finance Minister Christos Staikouras said the yield at the latest auction was close to 0.9%. The bond was first issued in late January, when it raised 3.5 billion euros on a yield close to 0.8%. The center-right government is hoping to take advantage of low interest rates to improve the country’s long-term debt sustainability after three successive international bailouts ended in 2018. It is the fourth time Greece has tapped the markets this year.