3 Min Read
ATHENS (Reuters) - Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public debt management agency said.
The bond drew investor demand of more than 26.1 billion euros. It was priced at 150 basis points over the mid-swap level, resulting a yield of about 1.93%, the highest among euro zone countries in that maturity.
Greece last issued a 30-year bond in 2008, a year before the start of a debt crisis that threatened to tip it out of the European Union’s single currency. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last year.
You May Already Have Some
Dear Dave,
I started listening to your radio show recently, and I heard you say people should have 10 to 12 times their yearly income in life insurance. I’m single, with no plans to get married. Plus, I don’t have any children. Do I still need a big life insurance policy like that?
Kris
Dear Kris,
I do recommend most people, if they work outside the home and are married especially if they have kids have 10 to 12 times their annual income in a good, level term life insurance policy. You only need life insurance to take care of things you leave behind when you die. So, when it comes to this kind of coverage, just think about anyone who might be left in a bad financial situation if you died. Your family could never replace
3 Min Read
ATHENS (Reuters) - Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public debt management agency said.
The bond drew investor demand of more than 26.1 billion euros. It was priced at 150 basis points over the mid-swap level, resulting a yield of about 1.93%, the highest among euro zone countries in that maturity.
Greece last issued a 30-year bond in 2008, a year before the start of a debt crisis that threatened to tip it out of the European Union’s single currency. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last year.
2 Min Read
NEW YORK (Reuters) - Suriname said on Wednesday it will ask its creditors for an extension of the payment deferral on its 2023 and 2026 notes, according to a government statement.
An agreement reached with creditors last year gave the country until March 24 to secure a staff level agreement with the International Monetary Fund to buy it extra time to make its payments.
“There is a probability that the staff-level agreement will not be reached prior to March 24, 2021, in which case the Republic will work towards reaching a staff-level agreement in the following weeks,” the government said.
The government statement did not specify how long this deferral solicitation would be, or its terms.