Monday, September 1st15.5°C
22736
22768

Greek short-term borrowing costs tumble after return to bond market

ATHENS, Greece - Greece's borrowing costs in a short-term debt sale have tumbled, days after the country returned to the international bond markets.

The interest rate on a 13-week treasury bill issued Tuesday fell to 2.45 per cent, compared with 3.1 per cent for a similar issue last month, according to the public debt management agency.

Greece raised 1.625 billion euros ($2.25 billion) in Tuesday's sale, which was 2.73 times oversubscribed.

After being locked out of the international bond market for four years by excessively high interest rates, Greece sold its first five-year bond since 2010 last week. The auction was eight times oversubscribed, and the country raised 3 billion euros at a 4.95 per cent yield.

Athens has been relying on international bailout funds worth 240 billion euros since nearly going bankrupt in 2010.

The Canadian Press


Read more Business News

22819


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9204+0.001
Gold1281.70-2.1001
Oil95.96+1.29
Lumber348.40+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22253

FEATURED Property
206082520 Garmisch Road
3 bedrooms 2 baths
$499,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22810