Prime Minister Kyriakos Mitsotakis welcomed the issuance of a 10-year bond in a post on social media on Wednesday.
On Twitter, the Greek Prime Minister wrote in English: "Another sign of confidence in the Greek recovery and our long-term prospects."
"Today we issued a 10-year bond with a yield of approximately 0.9%," explained Mitsotakis, adding: "The country is borrowing at record low interest rates."
Capital markets offered another vote of confidence in the Greek economy as the reopening of a 10-year bond issue by Greek authorities on Wednesday attracted 26 billion euros in bids.
The interest rate of the issue, as Mitsotakis said, was set 0.92% (Mid Swap + 82 basis points), down from an initial 1.0%.
Greece on Wednesday opened the book-building process for the reopening of a 10-year bond issue, maturing in June 2031 and originally issued in January 27 this year.
The Mediterranean country is seeking to raise 2.5 billion euros from capital markets.
BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan and Nomura are the underwriters of the syndicated issue.
Greece has raised 8.5 billion euros through bond issues so far this year – 3.5 billion with 10-years, 2.5 billion with five-years and 2.5 billion with 30-years.
Deputy Finance Minister Theodoros Skylakakis also commented aoout the Greek economy on Tuesday while addressing the fifth Greek-German Economic Forum “Vision of growth – Ιconic investments” organised by the Greek-German Chamber.
“We addressed the pandemic with bravery and the results in the economy are better than expected, so now we are looking forward to a significant [post-pandemic] recovery,” he said.
Skylakakis said that Greece recorded a smaller recession than that forecast by international organisations, while developments in the labour market were also better than expected.
These results, he explained, were based on exports, industrial production, investments and a lower-than-expected reduction in consumption.
These figures create reasonable expectations of a significant post-pandemic recovery that will include the “postponed” consumption by households and investments, Skylakakis said.
He also pointed out the substantial contribution of the economic policy which aims at a change of Greece’s production model.
READ MORE: Mitsotakis: The economy is moving towards a very fast recovery.
