Greece Sells 15-Year Debt for First Time in More Than Decade
- Government raised 2.5 billion euros with price just under 1.9%
- HSBC, JPMorgan are among banks hired for the offering
Pedestrians walk in front of the parliament in Athens.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Greece sold its first 15-year euro bonds since 2009 at near record low costs, a sign the country is gradually returning to normality after suffering a debt crisis.
The country borrowed 2.5 billion euros ($2.75 billion) on Tuesday with a cost of 165 basis points over similar maturity midswaps, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. Pricing was at just under 1.9%. Offers closed above 18.8 billion euros, close to the record of 20 billion euros in a 2014 sale of five-year debt.