What does the ODDIX borrowing plan foresee for 2023
Greece remains committed to fiscal discipline, emphasizes the Public Debt Management Organization (ODDIX), announcing that in 2023 it plans to draw capital from the markets 7 billion euros.
The state’s cash reserves remain at levels above 30 billion euros and are able to cover the mixed financial needs of the state for three years, it is emphasized.
For the next year, the ODDHIC foresees capital inflows 4.2 billion euros from the Recovery Fund and European sources, but also revenues of 2.2 billion euros from privatizations.
The Agency is going to issue a “green bond” in 2023. It is expected to be issued in the second half of 2023, to be of medium to long duration and the size of the issue to be “benchmark”.
As for the “liquidity cushion”, it is currently 30.6 billion euros compared to 37.8 billion euros last September, while it was 31.6 billion last December, but it is sufficient to cover three years of its gross financing needs Greek government.
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