Greek Bonds

The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5).

The Greek government is set to return to the markets on Wednesday, April 16, 2025, with a re-issuance of a 10-year bond worth up to €200 million, the country’s Public Debt Management Agency (PDMA) announced. The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the […]

The yield on Greece's 10-year government bond has climbed above 3.6%, while the spread over the benchmark German Bund is edging back toward triple digits, reaching 97 basis points.

Pricing of the new bonds is expected to be finalized today, March 13, with settlement anticipated on March 20.

Moody's remains the only one of the three major credit rating agencies that still rates Greece at Ba1, one notch below investment grade

In its latest update on fixed-income recommendations, JP Morgan stated that while it maintains a constructive medium-term outlook on Greece due to strong macroeconomic and fiscal fundamentals, as well as a stable political landscape, it remains neutral in the short term. The financial institution noted that Greek bonds appear to have become slightly “expensive.” The […]

Investor demand for the 10-year bond was overwhelming, with total bids surpassing 40 billion euros.

Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.

Bank deposits rose to 147.78 billion euros in November 2024, up from 144.65 billion euros in January 2024

According to the Public Debt Management Agency (PDMA), the reissue aims to meet investor demand

The total amount offered was 946 million euros, with the coverage ratio at 1.89

The purpose of the reissuance of these Greek government bonds is to meet investor demand while also facilitating the functioning of the secondary bond market.

However, more recently, Greece appears to be temporarily decoupling from the typical peripheral exposure to this risk factor, BofA notes.

Total amount offered reaches 985mln€, which was covered 1.97 times

Roughly five billion euros was invested in state shares, bonds between 4Q 2022 and 3Q 2023 as a result of recent Greek economy credit rating hikes

The Greek state aims to raise 500 million euros, according to the Public Debt Management Agency (PDMA)

The uniform yield reached 2.81%, while the cut-off price was 104.570

Bond of 3.875% is set to mature on March 12, 2029

Bond carries a fixed rate of 3.375%, and with maturity date of June 15, 2034.

JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.