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Thursday, September 29, 2022
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GreeceBusinessBond issue a vote of confidence by international markets, Greek FinMin says

Bond issue a vote of confidence by international markets, Greek FinMin says

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Hellenic News of Americahttps://www.hellenicnews.com
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Greek Finance Minister Christos Staikouras on Wednesday welcomed the successful return of the country to capital markets with a reissue of a 7-year bond, and said this was another strong vote of confidence for the Greek economy.

“Our country, even in this liquid international environment, manages to move steadfastly as a classic issuer-member of the Eurozone, safeguarding its steady presence in international markets,” Staikouras said, adding that although the latest issue showed an increase in borrowing cost, due to the international conditions, it remained lower compared with 2019 levels.

The Greek FinMin noted that the government has already covered a significant part of its bond issuance programme for 2022, preserving the country’s cash reverses at safe levels and ensuring the necessary funds to continue supporting households and enterprises hit by higher energy costs.

SOURCE; AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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