The country has covered about 91% of the loan program for 2024. So far, Greece has borrowed €9.1 billion from the markets since the beginning of the year.

Recall that the Public Debt Management Agency (PDMA) for this year had announced that the plan for Greek government borrowing would be between €7 billion and €10 billion. It also planned to reduce the government's cash reserves by EUR 3.65 billion, thus reducing the public debt by an equal amount (about 1.5% of GDP). Recall that according to the latest report of the International Monetary Fund (IMF), public debt will fall to 138% of GDP in 2029.

As for the funds that the Greek government has raised from the market since the beginning of the year, taking advantage of the favourable climate, they amount to about €9.1 billion.

More specifically, in January 2024, Greece attracted EUR 250 million from the capital markets through the reissue of a 5-year bond with a yield of 2.72%.

In February, Greece raised a further EUR 4.0 billion from the issuance of a 10-year bond with a yield of 3.478% and EUR 400 million from the reissuance of 5-year and 10-year 2023 bonds with yields of 2.85% and 3.32%, respectively.

• In March, Greece raised a further EUR 0.25 billion from the reissue of the 2023 5-year bond with a yield of 2.85%.
• In April, the Greek government reopened an issue maturing in February 2035, aiming to raise EUR 0.2 billion, and issued a 30-year bond with a yield of 4.241%, raising EUR 3 billion.
• In May, Greece raised a further €0.25 billion by reissuing a 10-year bond with a yield of 3.51%.
• In June, Greece reopened a new issue maturing in June 2034, raising EUR 0.2 billion.
• In July, Greece raised EUR 0.25 billion from the reissue of the 5-year bond with a yield of 2.81%.

Finally, in September, the Hellenic Republic borrowed around EUR 0.25 billion from the reissue of the 10-year bond with a yield of 3.11%.

Today, in the secondary market, and more specifically in the electronic trading system of the Bank of Greece (EDAT), 78 million euros of transactions were recorded, of which 53 million euros related to buy orders. The yield of the Greek 10-year bond was 3.19% compared to 2.14% for the corresponding German bond, resulting in a spread of 1.05%.