In 2024 there are about 2 billion euros from Greek bond repayments and 6 billion euros from official sector loan repayments (ECB holdings, EFSF, GLF etc.) – about 2-3 billion euros from Recovery Fund loans ( NGEU), including disbursements of the REPowerEU fund in 2024.
As JP Morgan explains, NGEU disbursements take two forms: grants and loans. Grant disbursements will not form part of the budget deficit projections, as they are used for additional spending beyond deficit spending. Therefore, this component will not affect its debt issuance provisions.
Also, for Greece, JP Morgan expects continued issuance in the green bond sector. Greece is probably a candidate to enter the green market in 2024, JP Morganestimates