Greece's Finance Minister Yannis Stournaras attends for a news conference with European Union's Vice President and Competition Commissioner Joaquin Almunia in Athens, on Thursday, April 10, 2014. Buoyant Greek officials said the government had received strong interest for its first bond issue in four years, with Thursday's auction of five-year debt being about eight times oversubscribed — a sign of growing market confidence. "Greece has succeeded — and this is recognized by our most critical friends and partners — in achieving an exit from the crisis, or is very close to an exit from the crisis," Stournaras said on Thursday. (AP Photo/Thanassis Stavrakis)
ATHENS, Greece (AP) — Greece's finance ministry says its first return to the markets in four years has seen strong demand, with the country raising 3 billion euros through five-year bonds at a coupon rate of 4.75 percent.
The ministry said in a statement that nearly 90 percent of the sale was to international investors.
Thursday's bond sale is Greece's first since 2010, when it became locked out of the international debt market by excessively high interest rates due to a severe financial crisis. It has been relying on international bailout funds ever since.
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