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Greece

Greece Raises $3.4 Billion From 10-Year Bond Issue

Greece raised 3.0 billion euros ($3.4 billion) at an interest rate of 1.8 percent from the new 10-year bond issue on Wednesday. Finance Minister Christos Staikouras said the country's first bond issue of the year was a success as it...

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Historic Bonds Between Greece and Armenia Remain Unbroken

The recent armed conflict between Armenia and Azerbaijan in the disputed Nagorno-Karabakh area has Greece siding with the Armenians, as Turkey has firmly planted itself on the side of the Azeris. Greece has centuries-old bonds of friendship with the eastern...

Capital Link Webinar Highlights Greece's Growing Corporate Bond Market

Capital Link is organizing a roundtable webinar on Greece's domestic corporate bond market on Tuesday with the participation of prominent Greek entrepreneurs and market specialists. The webinar, titled “The Greek Domestic Corporate Bond Market Grows Strong”, is part of a...

Greek Grandparenting From a Distance: Coronavirus Challenges Precious Bonds

By Ada Leivada “...the miracle of medicine in 2020 is to extend the quality of life of people, many of whom are our mothers and fathers, our grandmothers and grandfathers. We honor and respect everybody. But most importantly we honor...

Greece Draws €2 Billion From Capital Markets After Successfully Issuing 7-Year Bond

Athens drew €2 billion from international capital markets on Holy Wednesday, following the successful issuance of seven-year syndicated bonds. Greece "has accessed global markets today, through adverse social and economic conditions created globally by the pandemic, and succeeded," Finance Minister...

Greece Aims to Raise Money from Capital Markets by Issuing New 7-Year Bond

Greece opened a book-building process for a seven-year syndicated bond on Holy Wednesday. The Greek government ordered Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale banks to issue the new seven-year bond, as Athens takes action to strengthen...

Eurozone Accepts Greek Government Bonds as Collateral

Greece welcomed a decision by the European Central Bank on Tuesday to accept Greek government bonds as collateral as a move “that will further boost liquidity in the economy.” "We welcome the ECB's decision to accept Greek government bonds as...

Piraeus Bank Successfully Completes 500-Million-Euro Bond Issue

Piraeus Bank officially announced the successful issue of a 500-million-euro Tier 2 bond with institutional investors at a coupon of 5.50 percent on Thursday. The bond, which has a maturity of 10 years and an embedded issuer call option after...

Greek Bonds Drop Below 1% Milestone For the First Time in History

Greece's 10-year state bonds broke into new historic record-low territory on Wednesday, dropping below the one-percent milestone for the first time in history. The country's 10-year bonds were trading at a yield of 0.962% on Wednesday afternoon, down from 1.08%...

Greek 15-Year Bond Attracts Record Orders at Very Low Interest

With bids reaching a stunning 19 billion euros, Greece's first 15-year state bond offers book closed in very impressive fashion on Tuesday afternoon. The Greek state had initially intended to withdraw just 2.5 billion euros, but the investor's trust in...

Greece Launches 15-Year State Bond, Signaling Return to Financial Normality

Greece's Public Debt Management Authority announced the launch of a 15-year state bond in a statement released on Monday. The announcement came just 48 hours after the credit rating agency Fitch upgraded the country's credit rating to BB from BB-. This...