Investors snap-up Greek short-term debt

The troubled state sold €1.56bn in six-month and one-year bonds, more than the €1.2bn it had planned to offer.

Greece's debt sale has allayed fears it would need to immediately access the €30bn aid deal agreed between eurozone governments at the weekend.

Investors are currently attracted to the high yields on offer in Greece, with bids on the one-year notes worth 6.5 times the paper on offer and more than seven times on the six-month paper.

Greece paid 4.85% for the 52-week bond, up from 2.2% it paid in January. The six-month debt yielded 4.55%, compared with 1.38% earlier this year.

 

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