Greece successfully completed its first market outing of 2026 through the issuance of a new 10-year bond.
Read: Greek government enters markets: 10-year bond issued
As announced by the Public Debt Management Agency, bids exceeded €51 billion, while the bond’s yield was set at 3.47% (mid swaps + 58 basis points margin) and the coupon at 3.375%. Through this issuance, the Greek government will raise €4 billion, covering approximately 50% of its planned borrowing target for 2026.
Greece to raise €8 billion in 2026 for borrowing needs
Strong investor interest led to low borrowing rates for the Greek government. For comparison, the European Financial Stability Facility, which is rated by international agencies at a much higher grade (A+) compared to Greece (BBB), raised just €4 billion yesterday from a 10-year bond with a 3.125% yield, highlighting the positive image Greece maintains in international markets.
It should be noted that the underwriters for the issuance were BofA Securities, BNP Paribas, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley.
Greece is expected to raise approximately €8 billion from markets within 2026 to cover its basic borrowing needs. It’s worth noting that around €7.6 billion was raised in 2025.
Additionally, early debt repayments of €8.8 billion are scheduled for 2026.
