The country has covered approximately 91% of the loan program for 2024.

So far Greece has borrowed 9.1 billion euros from the markets since the beginning of the year.

It is recalled that the Public Debt Management Organization (ODDIX) for this year had announced that the planning for the borrowing of the Greek State will range between 7 and 10 billion euros.

It also planned to reduce the cash reserves of the State by 3.65 billion euros, thus reducing the Public Debt by the same amount (by about 1.5% of GDP). It is recalled that according to the latest report of the International Monetary Fund (IMF), Public Debt will decrease to 138% of GDP in 2029.

As regards the funds that the Greek State has drawn from the market since the beginning of the year, taking advantage of the favorable climate, they amount to approximately 9.1 billion euros.

In more detail, in January 2024, Greece attracted 250 million euros from the capital markets from the reissue of a 5-year bond with a yield of 2.72%.

In February, Greece further raised another €4.0 billion from a 10-year bond issue yielding 3.478% and €400 million from a 2023 5-year and 10-year bond reissue, yielding 2.85% and 3.32%, respectively.

In March, Greece raised a further €0.25 billion from the reissue of its 2023 5-year bond yielding 2.85%.

In April the Greek Treasury reopened an issue maturing in February 2035, aiming to raise €0.2bn, and issued a 30-year bond yielding 4.241%, raising €3bn.

In May, Greece raised a further €0.25bn by reissuing a 10-year bond yielding 3.51%.

In June, Greece reopened a June 2034 issue, raising €0.2 billion.

In July, Greece raised €0.25 billion from the reissue of the 5-year bond with a yield of 2.81%.

Finally, in September ODDIX borrowed approximately 0.25 billion euros from the reissuance of the 10-year bond with a yield of 3.11%.

Today, in the secondary market and more specifically in the electronic transaction system of the Bank of Greece (HDAT), transactions of 78 million euros were recorded, of which 53 million euros related to purchase orders. The yield on the Greek 10-year bond stood at 3.19% versus 2.14% for the corresponding German bond, resulting in a spread of 1.05%.