Greece Plans to Sell €8 Billion in New Bonds Next Year

Country sees its debt falling further in the coming years
Total financing needs amount to €11 billion, agency says

Greece will seek to repay at least €5 billion ($5.3 billion) of bailout loans in 2025, Prime Minister Kyriakos Mitsotakis said at a Bloomberg event on Monday. “It’s an indication of the confidence that we have in our public finances,” he tells Bloomberg’s Francine Lacqua.Source: Bloomberg

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By Sotiris Nikas

November 21, 2024 at 12:56 PM UTC

Updated on

November 21, 2024 at 2:27 PM UTC

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Greece plans to sell as much as €8 billion euros ($8.4 billion) of new bonds in 2025, the head of the country’s Public Debt Management Agency said, covering roughly three-fourths of its annual financing needs.

The borrowing will go toward meeting the state’s €11 billion of total financing next year, while the rest will come from European funds such as the NGEU and other sources, the head of PDMA Dimitrios Tsakonas said. Greece sold €9.5 billion euros of bonds in 2024.