IMF’s Debt Sustainability Analysis on Greece

July 2, 2015/IMF

In 2014, Greece was able to issue a 5-year bullet bond with a coupon of 4.75 percent in April (€3 billion), and a 3- year bullet bond paying a coupon of 3.50 percent in July (€1.5 billion). Later that year, the country swapped T-bills held by domestic banks for additional €1.6 billion in 3-year and 5-year bonds with these coupons.

€50 billion from October 2015 to end 2018, requiring new European money of at least €36 billion over the three-year period

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