Greece has raised €9.1 billion from financial markets since the beginning of 2024, nearly achieving 91% of its annual loan program target.
The Public Debt Management Agency previously estimated that the country would need to borrow between €7 billion and €10 billion this year, capitalising on favourable market conditions.
The International Monetary Fund (IMF) projects that Greece’s public debt will decrease to 138% of GDP by 2029.
In the domestic electronic secondary bond market, the Bank of Greece reported €78 million in transactions on Tuesday, with €53 million in buy orders. The yield on the 10-year Greek bond was 3.19%, compared to 2.14% for the German Bund, resulting in a yield spread of 1.05% between the two benchmarks.
Source: GCT–Komalenko Charlie