The Greek State came out in the markets with the reissue of 15 years and 30 years today.

The Public Debt Management Organization (Mandate) yesterday mandate (Mandate) to Barclays, BNP Paribas, Commerzbank, Eurobank, JP Morgan and Piraeus Bank to re-existing existing bonds on 18 July 20th. Coupon 4,375% and those who expire On June 15, 2053 with a coupon of 4,125%.

The transaction will take place in the near future, depending on market conditions, the invitation says. It notes that the pricing of the new securities will take place today March 13, with the liquidation to expected on March 20th.

In addition, the Greek State has bids back the height securities EUR 4.5 billion by expiry in February 2026at the price of 98.17 and the securities of EUR 2.5 billion in July 2026, at 99.77.

This move is part of the so -called public debt management strategy of the PROHC that aims to reduce it. It is recalled that last year by the Greek State he proceeded with the early repayment of loans that had been granted under his support program Greek economy about 8 billion euros While this year for the same purpose the Public Debt Management Organization is expected to dispose of about 5.2 billion euros.

It is worth noting that these movements of Ride primarily ‘are funded»From the extraordinary profits derived from modern financial tools and more specifically from agreements exchange (swaps) which applies. This strategy consists of reinvesting the profitable positions taken by the ODRAX via Swap in the prematurely repaid bonds. These bonds were “insured” (as well as almost all Greek government bonds managed by the ODRA) with swap dealswhich after premature repayment of these bonds could fluidized.

The profits that the administration of the ODRAX has achieved under Dimitris Tsakonas, through the SWAP, are estimated to be estimated to exceed 500 million euros in a decade -long depth.

However, the option of the organization’s administration is to non -liquidation of these profits and to “reinvest” them so as to achieve the retention of the interest on the budget for public debt service.

By extension the Financing needs of the State in low levelswhich enhances the viability of public debt.