The auction for the issuance of the ninth euro bond, which was held today, was successful with four times higher interest from investors in relation to the offer, the Ministry of Finance announced this afternoon. Through the auction, 500 million euros were secured at a coupon rate of 6.96 percent, while an additional 100 million euros are being provided through the macro-financial support instrument of the European Commission at an interest rate of around 3 percent. This, as explained by the Ministry of Finance, means that the refinancing of the 2016 euro bond and other repayments of previous debts, which these funds were intended for, will be carried out at the same interest costs achieved in the previous auction.
The interest of investors in the ninth euro bond was over 2 billion euros, or half a billion euros higher compared to the first auction, which once again proves their trust in the policies pursued by the Government, the Ministry of Finance emphasized. The remaining funds planned for the budget needs in 2023 are secured through favorable loans from international financial institutions, such as the International Monetary Fund, World Bank, etc., with lower interest rates, which will, according to the IMF, support the implemented policies that will contribute to greater growth in the medium and long term.
The euro bond was supposed to be issued last month, but it did not happen due to administrative procedures, namely the wait for the signature of the new Minister of Justice.
