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GreeceBusinessGreek state borrowing programme amounts to 9 billion euros in 2024

Greek state borrowing programme amounts to 9 billion euros in 2024

Hellenic News of America
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Greek state borrowing will reach 9 billion euros in 2024, of which 4 billion in net borrowing and 5.4 billion in bond repayment, according to the 2024 state budget. The Greek state raised around 11.250 billion euros from capital markets through auctions and syndicated bond issues in 2023, while the state’s short-term borrowing – including the outstanding amount of Treasury bills and repos – totaled 61.8 billion euros from 24.8 billion in 2015 (11.753 billion in Treasury bills and 48.296 billion in repos).

The 2024 borrowing strategy is expected to be limited, focusing on ensuring liquidity in the bond market combined with exploiting any opportunities offered by the country’s participation in the Pandemic Emergency Purchase Programme (PEPP). The borrowing programme will also include issuance of state bonds focusing on green and sustainable growth, seeking to expand the investments base and improving the country’s image in international markets. Greece has already begun legal procedures with Eurozone member-states for a further early repayment of loans worth 5.290 billion euros maturing in 2024 and 2025.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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