Public Debt Management Agency
Greece is "getting rid" of expensive debt, laying the groundwork for the early repayment of part of the bilateral loans from the first Memorandum of 2010 (2.7 billion euros per year) and the further repayment of IMF loans (1.9 billion euros). The signal was officially sent by the Minister of Finance Christos Staikouras and according to information, these moves will start in the near future.
The Public Debt Management Agency (PDMA) is awaiting the nod from the European Stability Mechanism (ESM) this or next month to proceed with the early repayment of another part of Greece's debt to the International Monetary Fund, thereby considerably reducing the remainder of the country's dues to the IMF.
The Public Debt Management Agency (PDMA) announced on Tuesday it had auctioned 13-week treasury bills at a record-low interest rate.
PDMA raised 812.5 million euros, against an original plan for €625 million, as the issue was almost twice oversubscribed (the coverage ratio reached 1.95) and the interest rate secured came to minus 0.32%.