Greece Raises 3 Billion Euros as 10-Year Bond Reissue Attracts 36 Billion Euro Offers

Greece has successfully tapped international markets by reissuing its 10-year bond, drawing in offers worth 36 billion euros and securing 3 billion euros for the public treasury. The bond, maturing in June 2036, saw significant investor interest, underscoring a degree of confidence in Greek sovereign debt.

The primary objective of this reissue was not merely to increase liquidity but to bolster the overall curve of Greek securities and stimulate activity in the secondary market. This strategic move aims to enhance the attractiveness and stability of Greek government bonds for investors.

Despite broader market pressures, including the European Central Bank's anticipated interest rate hike, the Greek bond market has demonstrated notable resilience. The yield on the Greek 10-year bond in the secondary market stands at 3.77%, only marginally higher than the 3.07% yield on the comparable German bond. This relatively small spread indicates that investors perceive Greek debt as increasingly stable compared to its historical risk profile.

Furthermore, data from Eurostat reveals that the cost of servicing Greece's public debt remains among the lowest in the Eurozone. The servicing cost saw a slight decrease in 2025 to 2.18% from 2.27% in 2024, reflecting the long maturity and specific structure of the Greek debt. Data from the Public Debt Management Agency also shows a cash basis servicing cost of 1.38% at the end of March 2026, further highlighting the manageable burden of the national debt.