Multiple benefits of Greece's 15-yr bond issue

Analysts see multiple benefits for the Greek economy, banks and enterprises from the 15-year bond issue, on Tuesday besides the low interest rate and the strong demand recorded, as there was no pressing need for the country to obtain fresh funding; rather, it needed to send a meaningful signal to the investment community.

Tuesday's 15-year note was the first long-term bond issued by the Public Debt Management Agency (PDMA) since the outbreak of the crisis. The Greek state raised 2.5 billion euros and bids added up to 18.8 billion euros - the highest level a Greek issue has seen since 2014 - while the final interest rate amounted to 1.91 percent and the coupon 1.875 percent.

The first benefit for the state is that Tuesday's issue led to an improvement of the investor base and market liquidity, along with the reduction of PDMA's treasury bill exposure. Some 70 percent...