Greece's daunting debt repayment schedule
(ATHENS) - Struggling Greece, which goes into another crucial eurozone meeting on Monday hoping for a loan breakthrough from its international creditors, faces a daunting debt repayment schedule to August.
After a 756-million-euro payment to the IMF this week, Athens needs to repay over 11.5 billion euros ($13 billion) in bonds and refinance another 10.6 billion in treasury bills, at a time when the country is hoping its reform plans will finally release the remaining 7.2 billion euros in its EU-IMF bailout.
The repayment breakdown over the next three months, in terms of principal debt, is as follows:
May 12: 756 million euros to the International Monetary Fund.
May 15: 1.4 billion euros in three-month treasury bills.
June 5: 302.5 million euros to the IMF.
June 12: 1.6 billion euros in three-month treasury bills, plus another 2.0 billion euros in six-month treasury bills.
June 12: 340.3 million euros to the IMF.
June 16: 567.2 million euros to the IMF.
June 19: 1.6 billion euros in three-month treasury bills.
June 19: 340.3 million euros to the IMF.
July 10: 2.0 billion euros in six-month treasury bills.
July 13: 453.8 million euros to the IMF.
July 17: 1.0 million euros in three-month treasury bills.
July 20: 3.5 billion euros to the European Central Bank
August 7: 1.0 billion euros in six-month treasury bills.
August 20: 3.2 billion euros to the ECB.
In addition, another 3.5 billion euros must be repaid in interest over the same period.