Greece pays ECB on maturing government bond: government source
ATHENS (Reuters) - Greece made a 3.2 billion euro ($3.56 billion) payment to the European Central Bank on a maturing government bond on Thursday, tapping cash from its first disbursement of bailout money, a senior government official said.
"The payment was made, the funds are on their way," the official told Reuters, declining to be named.
Greece received the first tranche of funds from its new bailout loan on Thursday after the European Stability Mechanism approved a rescue of up to 86 billion euros on Wednesday.
The first tranche amounts to 13 billion euros, of which about 12 billion euros will be used to pay down debt, including an earlier bridge loan and the maturing Greek government bond held by the ECB.
The initial tranche was paid in cash. Another 10 billion euros for the recapitalization of banks was sent to a segregated account in the form of ESM notes.
(Reporting by George Georgiopoulos; editing by David Stamp)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Spain boosts security in Ceuta as calls appear online for another mass border rush
- Putin says Russia, North Korea coordinating on regional security, KCNA reports
- Magnitude 7.6 quake strikes off coast of Indonesia, EMSC says
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share