ATHENS, Greece – Greece launched a critical 10-year bond issue on Thursday, a key test of its ability to raise funds to pay off expiring debts — and dig out of a financial crisis that has shaken the European Union.
The bond was already oversubscribed — meaning more takers than there were bonds available — within an hour of the book opening, with euro7 billion ($9.5 billion) in offers received. The government was seeking a maximum of euro5 billion ($6.8 billion), said the chief of Greece's debt management agency, Petros Christodoulou.
The bond was already oversubscribed — meaning more takers than there were bonds available — within an hour of the book opening, with euro7 billion ($9.5 billion) in offers received. The government was seeking a maximum of euro5 billion ($6.8 billion), said the chief of Greece's debt management agency, Petros Christodoulou.
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