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Greece 2022 funding: Bloomberg sources in line with Reuters

EUROZONE ISSUANCE
  • A Bloomberg sources story published this morning has stated that the PDMA will seek to raise E12bln next year and will issue at least four new bonds. The full story is here.
  • This is in line with a Reuters story from 3 weeks ago that said Greece would look to raise E10-12bln in 2022 (with a Green GGB under investigation). See that story here.
  • Note that in an interview in Naftemporiki, FinMin Staikouras confirmed Greece's intentions to "proceed with the early repayment of the balance of loans to the IMF, amounting to about 1.8 billion euros, as well as a significant amount, amounting to about 5.3 billion euros, maturing in 2022 and 2023, of existing bilateral loans to Eurozone countries, concluded in 2010, under the first fiscal adjustment program." (via Google Translate) See the full interview here.
  • Note that Greece's funding target for 2021 was E12bln (if it made early IMF repayments, which it did). But it actually raised E14.0bln.
  • The PDMA released its 2021 funding plan on 23 December 2020.

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