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Greece will borrow €8-10 billion from the markets in 2025
Athens plans to raise €8-10 billion from bond markets by 2025, while continuing to repay its bailout loans early according to Reuters.
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Athens plans to raise €8-10 billion from bond markets by 2025, while continuing to repay its bailout loans early.

"We plan to raise 8-10 billion euros from bond markets next year," a government official told Reuters, with the agency noting that Greece regained investment grade status last year and has seen its public finances improve and borrowing costs fall sharply as it recovers from the debt crisis.

Since the beginning of 2024, Athens has raised about €9 billion from new bond issuances and securities reissues.

Since 2020, Greek debt, the highest in the Eurozone, has fallen by 40 percentage points to 160% of GDP (in 2023) and is expected to fall to 152% of GDP this year.

In 2022, Athens began early repayment of loans taken from Eurozone countries under the first bailout package in 2010-2012, helped by a recovering economy and primary surpluses.

"Our intention is to continue on the same path in 2025 so that we can have a strong presence in bond markets without increasing our debt," another official told Reuters.

In December, Greece plans to repay 8 billion euros of bailout loans maturing in 2026, 2027 and 2028 as the economy is expected to grow by 2.5 percent in 2024 and at a similar pace in 2025, outpacing the eurozone average.

Along with this payment, Athens will have repaid around €20 billion of the Eurozone countries' loans under the first package, which totalled €53 billion. In 2022, it repaid the IMF loans, two years ahead of schedule.

A primary surplus of 2.1% of GDP is expected for 2024, while the government is committed to running surpluses of around 2% in the coming years in order to keep the debt sustainable.

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