ECONOMY

Gov’t sells 8 bln euros of bonds

The Greek government sold 8 billion euros’ worth of 10-year bonds yesterday on strong demand, the Public Debt Management Agency (PDMA) said yesterday. The 6 percent notes due July 2019 were sold to yield 187 basis points more than German government debt of similar maturity and 178 basis points over the benchmark mid-swap rate, PDMA said. «It was the year’s most successful issue, as far as volume is concerned,» PDMA head Spyros Papanicolaou told Reuters. «Demand reached 20.6 billion euros and we raised 8 billion,» Papanicolaou said. Barclays Capital, EFG Eurobank Ergasias, HSBC Holdings, National Bank of Greece and Societe Generale managed the transaction. Brokers said the yield was high, making the bond «attractive to investors.»