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Greek bonds

Greek Bond Swap Offer Reaches 86% of Shareholders

Greece has successfully completed a 30 billion euro voluntary bond swap aimed at boosting the liquidity of a thinly traded government paper issued after its debt restructuring, preliminary results showed. The take-up reached 86% of bondholders, a government official said....

Government Plans to Tap Bond Markets Again Soon

Greece is very likely to revisit bond markets soon, a foray aimed at improving the management of its debt, the government spokesman said on Tuesday. The Greek government returned to bond markets with a five-year bond in July, its first...

Possible NBG Bond Buy by ECB Could Offer Support to Greek Economy

The European Central Bank could buy covered bonds issued by the National Bank of Greece under its asset purchase scheme, providing indirect support for the Greek economy, according to financial sources familiar with the matter. NBG this week sold 750...

Hedge Fund Manager Bass Sees Elections in Greece Within a Year (Video)

Hedge fund manager Kyle Bass is betting that Greece will experience a dramatic political turnaround, with elections called within a year, that will spur a rally across the nation’s assets. Bass, founder of Dallas-based Hayman Capital Management, owns Greek bank...

National Bank of Greece Plans to Issue First Market Bonds in 3 Years

National Bank of Greece has announced plans for a euro covered benchmark, the first Greek bank bond in the public market since 2014, and a crucial step in normalising its funding after years of costly central bank support. The three-year...

Fitch Upgrades Greece's Rating to B-

Fitch Ratings has upgraded Greece's credit rating from CCC to B- on Friday, an improvement that leaves the country's state bonds well below investment grade. Greece's third bailout program review is due in the autumn and the ratings agency said...

Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon

The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says. The ECB decision is based on the reluctance of European creditors to offer Greece substantial debt...

Report Says Greece Will Return to Markets When Borrowing Costs Fall Below 5%

  Greece will return to markets when its borrowing costs fall below 5 percent, a recent Reuters report says. This may happen if Greek bonds are included in its 2.3 trillion euro purchase program. This condition is primarily dependent on whether...

Short-dated Greek Bond Yields Rise after Failure to Reach Debt Relief Deal

Greece's short-dated state bond yields rose sharply on Tuesday after Greece and creditors failed to agree on closing the bailout program review and debt relief measures, Reuters says. The Greek government urgently needs the next rescue loan tranche in order...

Investors Worry About New Greek 'Accident'

Investors worry about a new Greek "accident" in view of bond payments due in the summer, as the bailout program review has stalled and Greece is unlikely to receive the next loan tranche on time, a Reuters report says. Indicative...