ATHENS, Greece (AP) — Greece has launched a 7-year bond auction, its third effort in 2019 to raise money from international markets, as it aims to take advantage of an improvement in borrowing rates to fulfill its financing needs for the year.
Greece’s Public Debt Management Agency authorized the auction, which aims to raise 2.5 billion euros ($2.8 billion). It follows successful 5-year and 10-year bond issues earlier this year. Altogether, the issues look to raise about 7 billion euros ($7.9 billion) from bond markets in 2019.
Tuesday’s auction is the first by the new government of conservative Prime Minister Kyriakos Mitsotakis, who has promised a steady return to bond markets following three successive international bailouts.
