Athens, Greece. Greece raised €3 billion on Wednesday through the reopening of an existing 10-year bond maturing in June 2036, as investor demand reached €36 billion. The issuance comes as the Greek bond market shows resilience despite broader pressure across eurozone debt markets.
Bond reopening draws strong demand
The bond reopening was conducted through the stock exchange. Total bids reached €36 billion during the issuance process.
The primary aim of the reopening was not to increase liquidity, but to strengthen the Greek bond yield curve and stimulate the secondary market.
Greek yields remain resilient
The Greek market has remained resilient despite wider pressures in eurozone bond markets. Those pressures are linked to expectations that the European Central Bank will raise interest rates by 0.25 per cent on Thursday, June 11, 2026.
Current yields for the Greek 10-year bond in the secondary market are around 3.77 per cent. This is 0.78 percentage points above the yield on the equivalent German bond, which stands at 3.07 per cent.
Debt servicing costs stay low
Data released by Eurostat this week showed that Greece continues to have among the lowest public debt servicing costs in the eurozone.
The cost of servicing debt declined slightly in 2025 to 2.18 per cent from 2.27 per cent in 2024, reflecting the long duration and structure of the Greek debt portfolio.
According to figures released by the Public Debt Management Agency, the cost of servicing general government debt stood at 1.38 per cent on a cash basis, including swaps, as of March 31, 2026.
The Public Debt Management Agency said this cost rises to 1.84 per cent when swaps and deferred interest on European Financial Stability Facility loans are included.
