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EGB FUNDING UPDATE: Greece 2025 Funding Plan

EGB FUNDING UPDATE
EurozoneBulletMarketsFixed Income Bullets
  • The PDMA notes that Greece's cash reserves amount to E33bln (3 years of financing needs).
  • Financing needs for 2025 total E15.283bln (E5.54bln from MT/LT redemptions, E4.75bln interest on debt, E5.29bln of early repayments (including T-bill stock reduction), E5.496bln from other cash requirements (RRF loans, capital increases etc). This is partially offset by a projected primary surplus of E5.793bln.
  • Financing sources:
    • GGB issuance: E8.000bln (down from E10.0bln in 2024 plan, E9.55bln executed).
    • Other financing sources (NGEU, EIB, CEB, etc.): E3.027bln
    • Proceeds from equity and investment fund shares E564mln
    • Decrease in cash reserves: E3.692bln
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  • The PDMA notes that Greece's cash reserves amount to E33bln (3 years of financing needs).
  • Financing needs for 2025 total E15.283bln (E5.54bln from MT/LT redemptions, E4.75bln interest on debt, E5.29bln of early repayments (including T-bill stock reduction), E5.496bln from other cash requirements (RRF loans, capital increases etc). This is partially offset by a projected primary surplus of E5.793bln.
  • Financing sources:
    • GGB issuance: E8.000bln (down from E10.0bln in 2024 plan, E9.55bln executed).
    • Other financing sources (NGEU, EIB, CEB, etc.): E3.027bln
    • Proceeds from equity and investment fund shares E564mln
    • Decrease in cash reserves: E3.692bln