Greece has covered nearly 91% of its loan program for 2024, utilizing a beneficial climate.
Up to now, the public sector in Greece has raised 9.1 billion euros from the markets since the start of the year.
It should be noted that the Public Debt Management Agency had announced that in 2024 the plan for the Greek state’s borrowing would range between 7 billion and 10 billion euros.
According to the latest report by the International Monetary Fund (IMF), Greece’s public debt will shrink to 138% of GDP in 2029.
In the domestic electronic secondary bond market on Tuesday, the Bank of Greece electronic transaction system recorded transactions worth 78 million euros, of which 53 million euros were buy orders. The 10-year Greek bond yield was 3.19% against 2.14% of the German Bund, with the yield spread between the two benchmark bonds ending at 1.05%.
SOURCE; ANA-MPA
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