Greece plans to tap bond markets to raise 10-12 billion euros in 2021, sources say

Greece intends to borrow 10 billion to 12 billion euros ($14.60 billion) by issuing short-term and long-term debt in 2021, about the same amount as this year, in a bid to ensure its continual presence in debt markets, two government sources told Reuters on Tuesday.

The country issued seven-, 10-, and 15-year government bonds this year, raising a total of 12 billion euros and benefiting from ultra-low interest rates spurred by the asset-purchase programme of the European Central Bank.

"We want to raise about 10-12 billion euros in 2021, with new bond issues that will have maturities shorter and longer than 10 years," a government official with knowledge of the matter told Reuters.

Greece, which is rated Ba3 by Moody's, returned to international bond markets in 2017 after being locked out for years during a decade-long debt crisis from which it finally emerged in...