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Greece 2024 Funding Plan

  • 2024 financing needs: E5.5bln MT/LT redemptions, E4.9bln debt interest, -E6.9bln primary surplus, E12.0bn early repayments, E3.6bln "other cash requirements".
  • (2023 initial financing needs: E7.2bln MT/LT redemptions, E4.7bln debit interest, -E1.7bln primary surplus, E0.8bln T-bill stock reduction, E4.5bln "other cash requirements").
  • 2024 financing sources: E10.0bln medium/long-term debt issuance, E4.2bln other ("NGEU, EIB, CEB, etc."), E1.2bn proceeds from equity and investment fund shares, E3.6bn change in cash reserves.
  • 2023 financing sources: E10.0bln medium/long-term debt issuance (up from E7.0bln initial target: E9.5bln syndication, E1.95bln auction, E1.5bln buyback), E4.2bln other ("RRF, EIB, CEB etc."), E2.0bln privatization receipts, E2.2bln decrease in cash reserves.
  • Note that the 2024 figures exclude any potential Green Bond issuance, with no details provided on that front.

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