Greece’s Public Debt Management Agency (PDMA) is set to proceed with
Greece’s Public Debt Management Agency (PDMA) is set to proceed with the issuance of a 10-year bond with the amount expected to be around 2.5-3 billion euros. The issuance, the first for 2025, is anticipated to take place either on Tuesday, Jan. 14 or Wednesday, Jan 15.
Athens has instructed BofA Securities, Deutsche Bank, Goldman Sachs, Morgan Stanley, National Bank of Greece, and Société Générale to manage the issuance of the 10-year bond, maturing on June 15, 2035.
Greece plans to raise 8 billion euros from the markets in 2025, as outlined in the latest program released by the Public Debt Management Agency. Meanwhile, the country’s total financing needs, which amount to 15.28 billion euros, will largely be met through loans from the Recovery and Resilience Fund, privatizations, and a reduction in government reserves.
Specifically, according to the borrowing program announced by PDMA, the financing needs are allocated as follows: 5.45 billion euros for the repayment of bonds, 4.75 billion euros for the repayment of interest, 5.3 billion euros for the early repayment of a dual tranche from the bilateral loan with the Eurozone, and 5.96 billion euros for the financing of projects from the Recovery and Resilience Fund.
The
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