Athens
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2023
ECONOMY

Greece sets borrowing bar lower for 2023

Greece plans to tap debt markets with medium- and long-term issues to raise 7 billion Euros this year, its Public Debt Management Agency (PDMA) said.
Greece plans to tap debt markets with medium- and long-term issues to raise 7 billion Euros this year, its Public Debt Management Agency (PDMA) said.

Outlining its 2023 funding strategy, PDMA said Greece might also issue its first green bond, a move that was initially earmarked for last year.

“The proceeds from the green bond will be on top of the €7 billion,” a Finance Ministry official told Reuters.

The agency’s funding strategy confirmed a Reuters report in November that Greece planned to raise up to €8 billion from bond markets in 2023, less that of 2022.

This year, Greece issued a 10- and a 5-year bond and reopened several others maturities, raising a total of about €8.3 billion.

tags: Economy Greece