Public Debt Management Agency

Early payment of more debt

The government is ending all talk of "what will happen after 2032" with the Greek debt, when the interest payment of the second bailout begins - an issue frequently raised as a concern by some, even if in reality there is no such concern - thanks to the excellent management by the Public Debt Management Agency (PDMA), completely changing the policy around the debt.

Hellenic Public Debt: The Greek State exits to the markets today with the re-issuance of a 10-year bond

The Greek government is entering the markets today after Moody’s rating agency upgraded the outlook for the Greek economy.

As announced by the Public Debt Management Agency (PDMA), an Auction will be held today for the re-issuance of Greek Government Bonds (10-year maturity), fixed rate 3.375%, maturing June 15, 2034, in dematerialized form,

Is a Moody’s upgrade essential?

The Public Debt Management Agency (PDMA) has already drawn from markets €8.7 billion out of the planned €10 billion through bond issues. Thus, another issue is still a possibility, although several experts caution this is not necessary, and that the outstanding amount can be easily covered via the three planned reissuances.

Treasury bills auctioned by Public Debt Management Agency

The Public Debt Management Agency announced on Wednesday it had auctioned 26-week treasury bills for the amount of 500 million euros, but the issue had a 2.39 coverage ratio with bids totaling €1,196 billion.

Thus, PDMA eventually drew €600 million, with a uniform yield of 3.30%. The issue matures on January 24; the settlement date is this Friday.

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