Greece Raises €3 Billion with Successful Bond Issue

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The Greek state on Wednesday borrowed 3.0 billion euros from the markets after the successful completion of a 30-year syndicated bond issue that attracted bids amounting to 33 billion euros.

The interest rate on the coupon issue was much lower than originally predicted, at roughly 4.15% instead of 4.3%.

Managers of the new syndicated issue were BNP Paribas SA, Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Piraeus Bank SA.

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