![Bonds – The State raised 2.5 billion euros](https://www.ot.gr/wp-content/uploads/2021/09/bonds4-getty-768x576-1.gif)
The Greek State has raised close to 2.5 billion euros from today’s re-issuance of 5-year and 30-year bonds.
In particular, the State raised 1.5 billion euros from the 5-year period and 1 billion euros from the 30-year period, according to information, while the interest rate was close to zero (0.05%) for the first and 1.67% for the the second.
In total, bids reached 18.9 billion euros.
Staikouras: For the first time simultaneous issuance of two bond securities
At the same time, the Minister of Finance Christos Staikouras stated:
“Greece, today, proceeded, for the first time, to the simultaneous issuance of two bond securities. In the issue of 5-year and 30-year bonds.
And it did so with great success, as both of these issues attracted particularly high demand, were of excellent quality and recorded historically low yields.
Specifically, the 5-year bond was issued with almost zero interest rate, which is a new record low – regardless of duration -, while that of the 30-year bond was made with a lower interest rate than the previous issue, which took place in March 2021.
This double issue, from which the Greek State raised a total of 2.5 billion euros, took place despite the fact that this year’s goal of the loan program has been met.
However, the increased demand for Greek bonds, and in fact by a large portion of institutional investors, gave the country the opportunity to improve the liquidity of the yield curve in two more places, while raising funds on very favorable terms.
The methodical work of the Public Debt Management Organization, the responsible and efficient economic policy of the Ministry of Finance and the overall work of the Greek Government, bring positive results and are recognized, once again, in practice, by the international investment community.
Since July 2019, when New Democracy took over the government of the country, until today, Greece has raised – a total of – 30 billion euros from the markets, of which 23.5 billion euros during the pandemic.
Thus, despite the increased difficulties and the unprecedented uncertainty – at the international level – we manage to keep the country’s cash resources at a safe level.
The Ministry of Finance and the Public Debt Management Agency will continue to implement a smart and insightful publishing strategy, with a consistent presence in international markets.
Together we work with plan, responsibility and efficiency to reduce as much as possible the effects of the health crisis and any other external trials, to further enhance the economic recovery and to build a solid foundation for achieving a strong, sustainable, smart and socially equitable development “.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight