Greece Outside In: Greek return to financial markets attracts flock of investors

Wednesday, April 9, 2014

Greek return to financial markets attracts flock of investors

First sale of government bonds since eurozone crisis flared up brings than 11bn of bids despite first general strike of 2014

Greece will make a successful return to the financial markets on Thursday after investors flocked to its first sale of government bonds since the eurozone crisis flared up four years ago.

There was strong demand for a new five-year bond, despite the country being gripped by its first anti-austerity general strike of 2014. By early evening Athens had received more than 11bn (£9bn) of bids, pushing down the interest rate it will pay on the debt at Thursday's sale towards just 5%.