ODRA announced that the planned bond re -release auction will not be held
The Greek State is due to make its first exit in the markets with a 10 -year bond with a 10 -year bond.
As announced by the public debt management organization, the bond auction scheduled for January 15, 2025, will not take place due to the forthcoming 10 -year bond consortium.
It is recalled that the publishing policy for 2025 concerns:
– The coverage of the mixed financial needs of the Greek State.
– The further expansion of the investment base of Greek bonds, especially after the acquisition of the investment grade.
– Ensuring the continued publishing presence of the State in international capital markets to maintain a credible curve of yields, so that it is a reference point for the whole Greek economy, as well as to find the “fair-liberal value” of all Greek assets .
– Further reduction in margins of both the risk of liquidity and credit risk, which will further reduce the cost of borrowing from the Greek State.
– Improving liquidity and volume of transactions in the secondary market for Greek government bonds.
– Maintaining the total domestic money liquidity, which is declining due to annual public debt service costs (interest and securities) mainly to foreign investors and lenders of the private and official sector.
– Reduce the risk of refinancing, while creating a space for publishing activity, through the replacement of short -term debt with mesomak.
– in the gradual reduction but at the same time maintaining the amount of public cash cash on satisfactory levels.
– Providing additional “security” to rating agencies for a possible further upgrade of the Greek State’s debt.
