Tricky timing for Greece’s first 2024 foray

The sooner Greece goes to the markets in 2024, the better, say analysts, stressing that demand for Greek bonds during next year's issues will be particularly strong.

Regarding Greece's first market foray next year, the Public Debt Management Agency has two scenarios in mind, as the change of track that Greek bonds have marked with their upcoming inclusion in international indices creates new conditions.

Therefore, the PDMA will either issue the first bond of the year, which will probably be a new 10-year bond, within the second or third week of January - when the first wave of issuers is expected in the market since investment interest is high, or will wait until the bonds are included in the indices in February. The last week of January is blocked, as the European Central Bank meets, so the PDMA will not want to make a move.

Seventeen Greek government bonds...