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Greek Bond

Greek 10-Year Bond Yield Falls Below 5 pct for First Time Since 2009

The new 10-year benchmark Greek bond yield fell below the 5.0 pct level on its debut in the market, for the first time since October 8, 2009, to pre-memorandum levels in the domestic electronic secondary bond market on Tuesday. The...

Greek Bond Yield Falls After Fitch Upgrade

The yield on Greek government bonds fell to 3.25%, close to the lowest level since 2009, following an upgrade by Fitch Ratings. The yield of the 10-year bond fell 5 basis points to 5.58% at the beginning of the tender...

Greece Raises Cash in 3-Year Bond Auction

ATHENS, (AP) — Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets. The finance ministry said Thursday it had accepted...

NBG Owners to Meet May 10 to Approve €2.5bn Share Issue

Greece's second-biggest lender, the National Bank of Greece has unveiled the terms of a planned share capital increase that must be approved by the shareholders' general meeting on May 10. The bank plans to raise up to 2.5 billion euros, mainly from...

German Economists Say Greece's Full Market Return Improbable

Greece's full return to international market is highly improbable, according to a report submitted by economists to the German Ministry of Economics and Technology. As reported, Greece will remain mired in recession in 2014, while the unemployment rate is not expected...

German Press on Merkel's Athens Visit

The visit of the German Chancellor to Greece and the issue of a Greek bond have been extensively analyzed by the German press. Most economists mention that the return of Greece to the international market was successful and that...

Moody’s Upgrades Greek Credit Rating

Moody's Investors Service has today upgraded Greece's government bond rating to Caa3 from C. The outlook on the rating is now stable. The short term ratings remain Not Prime (NP). The upgrade reflects the combination of the following key drivers: 1.The...

Reuters: Greece to Pay May 15 Bond

Greece will pay holders of a 430 million euro bond that matures on May 15, a government official said on Tuesday. "The bond will be paid," the official, who did not want to be named, told Reuters. The remaining amount of...

Finance Ministry Extends Deadline for Swap of Foreign Law Bonds to April 4

Greece Friday extended to April 4 a deadline for its creditors to swap 8.1 billion euros in debt as part of a historic bond exchange which has already erased nearly a third of its debt mountain. Holders of Greek debt...