Greece is expected to return to international bond markets in the
Greece is expected to return to international bond markets in the near term with a new 10-year government bond issuance, according to a Reuters report.
As reported, the Public Debt Management Agency (PDMA) has appointed BofA Securities, BNP Paribas, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley as joint lead managers for the first bond offering of the year.
The syndicated issue is expected to be launched in the immediate future, depending on prevailing market conditions, Reuters said.
The Greek state is ready to tap the markets through the PDMA and may even secure up to 50% of its annual borrowing needs within Jan. According to sources, the initial plan foresees a 10-year bond issuance of between 3 and 3.5 billion euros, with the possibility of reaching 4 billion euros. The total borrowing target for the year stands at 8 billion euros.
One source noted that market conditions appear favorable for a transaction before the end of Jan.
Overall, Greece plans to raise around 8 billion euros from the markets in 2026 to cover a substantial part of its financing needs. The strategy, designed by the PDMA, broadly mirrors last year’s plan, when approximately 7.6
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