Greece Plans Sale of Up to €10 Billion in Bonds
- The country wants to keep repaying bailout loans ahead of time
- Cash buffer, T-bills and debt level are seen falling in 2024
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Greece is drawing up plans to sell as much as €10 billion ($10.9 billion) in bonds next year after winning back its investment grade status, according to a person familiar with the matter.
Athens is considering to issue €8 billion to €10 billion in new bonds to cover financing needs of €3 billion for 2024, said the person, who asked not to be identified because the plan isn’t public yet. The sales will reduce Greece’s reliance on treasury bills by around €2 billion, the person said.