High demand was seen in the reissue of the existing 10-year bond maturing in June 2036, with bids totaling 36 billion. euros, according to an announcement by the OΔHH on the Stock Exchange, with the Greek Government raising €3 billion.
The re-issuance of the 10-year bond is not so much to raise additional liquidity as to strengthen the Greek bond curve and stimulate the secondary market.In any case, although eurozone bond markets are moving under pressure from the dappearing intention of European Central Bank (ECB) to move on Thursday 11 June to raise its interest rates by 0.25%, the Greek market is showing resilience. It is indicative that the yield on the Greek 10-year bond in the secondary market stands at 3.77%, and is just 0.78% higher than that (3.07%) of its German counterpart.
However, as shown by data released yesterday by Eurostat, the cost of servicing public debt in Greece is among the lowest in the Eurozone.
Specifically, servicing costs fell marginally in 2025 to 2.18% from 2.27% in 2024, a development that reflects the long maturity and specific structure of Greek debt. However, according to data published by the Public Debt Management Agency, the cost of servicing public debt (general government) at end-March 2026 was 1.38% on a cash basis including swaps and 1.84% including swaps plus deferred interest on EFSF loans.
