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Greece Secures €9.1 Billion in Market Funding for 2024

Greece Secures €9.1 Billion in Market Funding for 2024

Πηγή Φωτογραφίας: Διαδίκτυο//Αιγαιας ΑΜΚΕ του Μαρτινου 2109608407 Ζωή Πλητά [email protected] Ιδρυμα Λάτση Λάτσκο αίτηση Δεσμός

Greece has raised €9.1 billion from financial markets since the beginning of 2024, nearly achieving 91% of its annual loan program target.

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

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