Greece recorded exceptionally strong demand for the reopening of its existing 10-year government bond

Greece recorded exceptionally strong demand for the reopening of its existing 10-year government bond maturing in June 2036, with total bids reaching 36 billion euros, according to a statement by the Public Debt Management Agency (PDMA) published on the Athens Exchange. 

The Greek State raised 3 billion euros from the transaction.

The reopening of the 10-year benchmark bond is not primarily aimed at raising additional liquidity, but rather at strengthening the Greek sovereign yield curve and supporting activity in the secondary bond market.

Despite ongoing pressure across eurozone bond markets amid expectations that the European Central Bank will raise interest rates by 25 basis points on Thursday, June 11, the Greek market has continued to demonstrate resilience.

The yield on the Greek 10-year benchmark stood at around 3.77% in the secondary market, only 78 basis points above the equivalent German Bund yield of 3.07%.

Eurostat data released on Tuesday showed that Greece continues to record one of the lowest public debt servicing costs in the euro area.

Specifically, the cost of servicing Greek public debt declined marginally to 2.18% in 2025, from 2.27% in 2024, reflecting the long maturity profile and favourable structure of the country’s debt.
According to data published by the PDMA, the cost of servicing general government debt stood at 1.38% on a cash basis as of end-March 2026, including swaps, and at 1.84% when including swaps and deferred interest payments on European Financial Stability Facility (EFSF) loans.

amna.gr