Calamos Supports Greece

borrowing

Greece to Issue Bonds Worth 10 Billion Euros in 2024

The Greek state is planning to cover more than half of its borrowing needs for 2024 by issuing bonds worth ten billion euros.

Greek Borrowing Costs Drop Lower Than Italy's for First Time Since 2008

The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets. The...

Greece Expected to Tap Financial Markets With New 10-Year Bond

Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that the country has been enjoying over the last several months. Greek authorities have requested the major...

Greece's Borrowing Costs Hit New All-Time Low

Greece’s borrowing costs have tumbled to a record low on Wednesday, reflecting hopes among foreign investors that the new government will be able to reinvigorate Greece’s reform program. The 10-year bond yield fell 2.6 percent on a daily basis on...

Piraeus Bank Issues First Bond Since 2008, Raising 400 Million Euros

Piraeus Bank, Greece's largest lender, secured a major capital boost on Wednesday, raising 400 million euros through the issuance of a bond. The interest rate amounted to 9.75 percent and the offers book, overseen by Goldman Sachs International and UBS,...

Demand for Greek 10-Year Bond Exceeds 11 Billion Euros

Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros on Tuesday, with the interest rate of the issue set at 3.9 percent, according to sources quoted by the Athens News Agency. Earlier in the day, Greek...

Greece Raises 2.5 Billion Euros From Bond Auction

File photo Greece launched a 5-year bond auction on Tuesday, with the financial products having a yield of 3.6 percent. The sale successfully raised a total of 2.5 billion euros ($2.87 billion) for the Greek treasury. It was the first time...

Greece Returns to Markets with 7-Year Bond

Greece on Thursday returned to international capital markets with a seven-year syndicated bond through the launch of a book-building procedure. It is one of three state bond issues scheduled by the Greek government until completion of the current bailout program...

Greece 'Postpones' Launch of 7-Year Bond

Greece's finance ministry has decided to postpone the issuing of the seven-year bond scheduled for Tuesday due to the turbulence in international money markets. Reports suggest that the ministry was advised to delay its move to avoid unnecessary risks as...

ESM Looking at Loan Duration Adjustments for Greece

ESM and EFSF General Secretary Kalin Anev Janse spoke to German newspaper Boersen Zeitung. In the interview he said that he had been asked to look at long-term and short-term reforms to Greece. He said, however, that no announcements...