Greece Sets Record Demand in Bond Sale as Investors Grab Yield
- Nation draws more than 11 times surplus orders in debt auction
- Periphery boosted by speculation on prolonged ECB purchases
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Greece received its strongest-ever demand for a bond sale and cemented its place as one of Europe’s most sought-after borrowers.
The nation drummed up 30 billion euros of offers for its 2.5 billion-euro ($3.1 billion) sale of bonds due in 2031, the day before the European Central Bank’s next policy decision. The demand, in excess of 11 times the amount on sale, topped the previous record set in January this year by one billion euros.