Greece Repays €6.9 Billion of 2010 Bailout Loans Early

1 articles · Updated · Reuters · Jun 15

€6.9 billion was repaid on Monday by Greece to euro zone peers ahead of schedule, cutting down the first bailout loans it received during the debt crisis.
The payment covers part of the roughly €53 billion Greek Loan Facility agreed in 2010; about €20 billion from that program still remains outstanding.
Athens said last year it aimed to clear those first-bailout loans by 2031, a decade before their final maturity, through annual installments.
Greece's improved funding position has supported the faster repayment: debt is seen at 136.8% of GDP this year, and a €3 billion 10-year bond reopening last week covered 95% of 2026 borrowing needs.