Greece: New €5.3 Billion Early Debt Repayment

Greece is proceeding with a new early debt repayment of €5.3 billion today. This move concerns GLF (Greek Loan Facility) loans from the first memorandum, maturing after 2031.

Benefits:

• Faster reduction of public debt below 140% of GDP for the first time since 2011.
• Expected further reduction below 120% of GDP by 2029.
• Upgrades from rating agencies within 2026.
• Reduction of borrowing costs for the Greek government and businesses.
• Maintenance of the 'buffer' of available funds above €35 billion in 2025.
• Relief for Greek taxpayers from €1.6 billion in interest, which would have to be paid from 2026 to 2041.

The repayment is made from the special account for managing public debt and does not burden the state budget.