Greece’s Public Debt Management Agency’s (PDMA) state funding for 2020 will focus on the continuous presence in the international debt markets, accompanied by the reduction in debt stock, it said in a report released on Tuesday while maintaining the current level of cash reserves, according to ANA.
In its Funding Strategy report released on December 24 (in both Greek and English), PDMA said the two main financing scenarios for 2020 it was considering, depending on the number of early repayments, envisages either
a) the reduction in T-bills’ stock through issuance of additional Greek government bonds (GGBs), or
b) additional possible early prepayments of official and private sector debt.
The report’s English-language version can be downloaded from the PDMA’s site:
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