Greek CDS rises after Greek bond launch

LONDON, March 4 (Reuters) - The cost of insuring Greek government debt against default rose on Thursday as Greece sold a 10-year syndicated bond.

The five-year credit default swap price for Greece rose to 304,300 euros per 10 million euros of exposure, from 294,500 euros at Wednesday's New York Settlement close, according to CMA DataVision.

Debt-burdened Greece drew strong demand for a crucial bond issue on Thursday but paid a steep risk premium that underscored its plea to Germany and other EU partners for support to help lower its borrowing costs. [ID:nLDE6230PC]

(Reporting by William James)