public debt management agency
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Analysts see multiple benefits for the Greek economy, banks and enterprises from the 15-year bond issue, on Tuesday besides the low interest rate and the strong demand recorded, as there was no pressing need for the country to obtain fresh funding; rather, it needed to send a meaningful signal to the investment community.
Greece's Public Debt Management Agency (PDMA) is expected to raise between 4 and 8 billion euros in 2020, the agency said in a report released Tuesday, adding it will maintain the current level of cash reserves.
PDMA said state funding for next year will focus on the continuous presence in the international debt markets, accompanied by the reduction in debt stock.