A new 10-year Greek bond launched on Tuesday attracted strong investor interest, with bids exceeding 17.5 billion euros and pushing the interest rate of the issue down to 4.45%, from 4.5% initially.
 The Public Debt Management Authority said that Greece must raise around 15.4 billion euros from the market to cover its funding needs this year, of which around 7.2 billion euros to refinance maturing bonds and 4.5 billion to pay interest on public debt. The finance ministry also plans to reduce the reserve of treasury bills circulating in the market by around 1.0 billion euros in 2023. According to the borrowing plan, 7 billion euros will be covered with new bond issues and the remaining 4.2 billion through other funding sources such as EIB, RRF, etc. The finance ministry also plans to raise 2.0 billion euros from its privatisation programme, while it examines the issue of its first green bond to support the implementation of its sustainability agenda. The government's borrowing needs this year are lower due to an expected 1.7 billion euros primary surpluses projected in the state budget.