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Greece raises EUR1.5B from bond issue

July 10, 2014

Athens (Alliance News) - Greece raised 1.5 billion euros (2.04 billion dollars) from the issue of three-year bonds, its second bond offering since its international bailout four years ago, the Finance Ministry said Thursday.

Ministry officials expressed their satisfaction with the sale, saying it received orders worth 3 billion euros with a yield of 3.5%.

Athens returned to bond markets in April after being forced out in 2010 because of its economic problems, including high debt. It has been surviving on international bailout funds to sustain its economy.

The sale took place as inspectors from the European Commission, the European Central Bank and International Monetary Fund returned to Greece to continue inspections on the progress of the austerity reforms Greece agreed to make in return for the bailout.

The inspectors are scheduled to meet with the newly appointed finance minister, Gikas Hardouvelis, later Thursday.

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Source: Alliance News

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