Monday, January 25, 2010

Greek bond sales stabilize euro zone

LONDON (MarketWatch) -- Strong demand for Greece's syndicated offering of five-year government bonds on Wednesday helped calm credit markets Monday, easing worries for now about the ability of Athens to fund its budget deficit.
Investors put in orders for about 25 billion euros worth of bonds, far exceeding Greece's planned issue of 3 billion to 5 billion euros, according to Dow Jones Newswires. In the end, Greek authorities opted to issue 8 billion euros worth of five-year debt at a yield of 6.2%.
http://www.marketwatch.com/story/greek-bond-demand-appears-strong-2010-01-25

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