Bloomberg on Monday reported that the Greek state is eying up to 10 billion euros in new bond issues in 2024, aiming to take advantage of the country’s recently restored investment grade rating.
The widely-read US-based financial and news agency quoted a source it described as “familiar with the matter.”
The same source, Bloomberg writes, said the up to 10 billion euros worth of new bonds aims to cover financing needs of three billion euros for the entire year. One reason given is that the Greek state’s dependance on interest-bearing T-bills will be sliced by a noteworthy two billion euros.
Fitch and S&P Global Ratings raised Greece’s rating to investment grade over the past two months, a development that allows the country to attract premium institutional investors and funds active in a multi-billion-dollar “bond pool”, as well as signaling a return to normalcy following a 10-year debt crisis.
Finally, Bloomberg said Athens also wants to reduce a cash “cushion” emanating from a debt adjustment agreement it agreed to with European institutional creditors in 2018.
Sources that spoke to the news agency said this cash reserve will total roughly 30 billion euros in early 2024, but will be reduced over the course of the year.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
