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Greece

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,...

Greece Issues Bond After Successful T-bill Auction

According to sources within the government, the Finance Ministry is most likely to issue three-year bonds in order to borrow an amount between 2.5 and 3 billion euros, at an interest rate that will not be higher than 3 percent. On...

Biden Issues Greek Independence Day Proclamation

On Friday, US President Joe Biden issued a proclamation marking Greek Independence Day on March 25th as "A National Day of Celebration of Greek and American Democracy." The proclamation, issued by the White House, commemorated the deep historical bonds between...

Greece Will Receive €1 Billion of Profit Returns on Greek Bonds

Greece is expected to receive €1 billion ($1.13 billion) of profit returns on Greek bond holdings in 2019, the Managing Director of the European Stability Mechanism Klaus Regling stated on Monday. While addressing journalists after the conclusion of the Eurogroup meeting,...

Greek Bonds Rated 'Investment' Grade for First Time Since Crisis

Standard & Poor's have announced the upgrade of National Bank of Greece's three-year covered bonds worth €750 million ($881 million) to the BBB- credit rating, four notches above the country's credit rating. According to economic analysts, this rating covers not...

Greece Denies Postponing Bond Issue Due to Italy Crisis

Greece on Wednesday denied reports that the planned issue of a 10-year government bond had been postponed, pointing out that no decision to issue such a bond had been made. Earlier, Reuters reported that Athens had decided to push back...

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...

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...

Reuters: Greece Considers Bond Swap as Looks to Bailout Exit

Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout, and resume normal financing operations, Reuters reports. The government is considering a swap that would...

Troika Talks in Paris In Good Terms, Greece to Issue 7-year Bond

Government spokesperson Sofia Voultepsi confirmed earlier today that talks between the Greek delegation, headed by Finance Minister Gikas Hardouvelis, and the Troika representatives in Paris are being held in a “positive climate.” “The Greek side has stressed the need for...

Greece Plans to Issue New Bonds

Greece plans to reopen its recent three and five-year bond issues in the next two weeks, to top them up by as much as 1.5 billion euros, accepting T-bills as payment instead of cash, a senior government source told...

Greek Government Meets on Major Economic Issues

The multi-bill covering the prior actions required for the disbursement of the second sub-tranche and the budget of next year were discussed on Friday by Greek Prime Minister Antonis Samaras and Deputy Prime Minister Evangelos Venizelos in the presence of...