Latest News
Eurozone rescue fund sells largest long-term bond in 2 years
Last Updated: 2017-01-26 09:14 | Xinhua
 Save  Print   E-mail

The eurozone's rescue fund on Wednesday sold its largest long-term bond since 2014, two days after it approved short-term debt relief measures for Greece.

The European Stability Mechanism (ESM), the European Union (EU) agency that provides financial assistance to its eurozone member states, raised 3.5 billion euros for a 30-year bond, its first long-term issue this year and the largest since 2014.

"The ESM had an excellent start to the year today. This was the first 30-year benchmark in our market this year, and the largest since 2014," said Siegfried Ruhl, ESM head of funding.

The ESM on Monday approved short-term debt relief measures for Greece.

The approval and the ongoing bailout program for Greece, which is carried by the eurozone and ends in mid-2018, means the ESM will borrow more funds from the markets than it originally planned. Enditem

0
Share to 
Related Articles:
Most Popular
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
Xinhuanet | Chinadaily.com.cn | People's Daily Online | China.org.cn | CNTV | China.com | Global Times | Ecns.cn | China Youth International | Visit Beijing | Taiwan.cn
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved