Greece returns to capital Markets with bond issue

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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 decisive 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 Financial Minister pointed out 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 that have been hit with higher energy costs.