Tag Archives: bonds

An auction of 10-year and 15-year bonds by the Public Debt Management Authority on Wednesday attracted strong investment interest. The Greek state raised 400 million euros from the auctions, while bids reached 2.187 billion euros. The interest rate of the 10-year bond was set a 3.98%, down from a coupon …

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Greece will again tap the markets with the re-issuance of two bonds with duration of five and thirty years. According to an announcement, the government has instructed Alpha Bank, Barclays, Citi, Commerzbank and Morgan Stanley to reissue the bond maturing on February 12, 2026 with a coupon at 0 pct …

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The European Central Bank (ECB) announced on Tuesday that it will accept Greek government bonds as collateral as the coronavirus pandemic hit the eurozone. The ECB will accept government-guaranteed loans as collateral even with lower credit quality, and it will allow banks to pledge more unsecured debt as collateral. “A …

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The General Court of the European Union said on Thursday the European Central Bank does not have to compensate private holders of Greece’s sovereign debt who were forced to take losses during the 2012 international bailout of the country. Some investors were seeking compensation for the haircut they were forced …

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For the first time since 2006, the yield of Greek 10-year bond fell to 3.47 percent on Monday, while yield for 5-year bond was at 2.29%. The Greek government reportedly plans to make use of the positive atmosphere and issue a 3-year bond. Greece’s 10-year government bond yields hit their …

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Volatility in Italian government debt has made it harder for Greece to return to bond markets, Greek Finance Minister Euclid Tsakalotos told Reuters, but said he is comfortable with waiting for the right time to raise funds. A recent selloff in Italian government debt has pushed up the borrowing costs …

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Greece will extend the Golden Visa program to investors other that those purchasing real estate worth at least 250,000 euros. The new scheme will include those who make a bank deposit or an investment in Greek bonds or shares of  at least 400,000 euros. In return, recipients will get five-year …

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A retail investor in Greek bonds who wants to sue Greece over a bond haircut in 2012 cannot invoke EU rules to do so at home, an adviser to the EU’s top court said on Wednesday. The case was referred to the Court of Justice of the European Union by …

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Eurogroup president, Mario Centeno, said that the Greek government bonds are safer after the decision on June 21. In an exclusive interview with CNBC on Wednesday, Centeno sought to reassure investors. Centeno said that an agreement to soften future debt repayments, reached two weeks ago, has reduced investors’ concerns over …

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Fitch Ratings announced an upgrade of four Greek mortgage-covered bonds programmes issued by Alpha Bank, National Bank of Greece and Piraeus Bank to ‘B’ from ‘B-‘, as follows: – Alpha’s covered bonds upgraded to ‘B’ from ‘B-‘; Stable Outlook – NBG’s covered bonds Programme I (NBG I) upgraded to ‘B’ …

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The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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Consider it a kiss to the bond investors who are expected to oversubscribe the upcoming latest “triumphal” Greek return to the bond markets, as soon as next week. Moments ago, rather unexpectedly, S&P raised its outlook on Greece from Stable to Positive, but reaffirmed the Greek rating at B-. The …

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The yield of Greece’s 10-year bonds continued to slide this week, in spite of a significant rise in bond yields throughout the Eurozone. As a result, the yield spread between the Greek and German benchmark bonds dropped below 5 pct during trading on Friday morning, with the Greek bond yielding …

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The spectrum of short-term Greek crisis has been apparently averted.  Credit ratings agency Moody`s on Friday raised Greece`s long-term issuer rating to “Caa2” from “Caa3” after euro zone governments extended a credit lifeline to the country. Moody`s also changed its outlook to “positive”, up from “stable” previously, saying it saw …

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No deal, no money. No money, most probably no payment to the IMF. No payment to the International Monetary Fund could result into a “credit event” for Greece. But the debt-ridden country has additional financial obligations to meet in July and August.  It has to repay €6.7billion for bonds held …

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Deutsche Bank and Morgan Stanley help Greece in the process of bonds buy back so that it will be in favor of the Greek state. For this reason the two banks will receive – are you sitting? – 11.7 million euro. Should the buy back won’t bring the expected results, Greece …

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Greece said on Monday it would buy back bonds through a Dutch auction as part of efforts to cut its ballooning debt, allowing it to assess the level of demand before setting a final price for the deal. The bond buyback is central to the efforts of its foreign lenders …

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UPDATE: Germany΄s Bundesbank said on Monday (April 2/2012) that it will continue to accept all euro zone sovereign bonds as collateral in its lending operations, rejecting media reports that it had stopped taking debt from EU/IMF programme countries. On March 30, German daily Frankfurter Allgemeine Zeitung reported, that Germany’s Bundesbank …

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Almost 5 million euros has been deposited in a bank account opened in May 2010 to collect donations to help pay off Greece’s debt, it was revealed on Thursday. The account was opened after a proposal by Parliament Speaker Filippos Petsalnikos in May 2010, when Greece asked the European Union …

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Greeks will be forced to cure illness and diseases with …home remedies as pharmacists will launch a 48-hour strike on Thursday and Friday, March 8th and 9th 2012. Taking into consideration that pharmacies are closed on Saturday and Sunday, queues are expected to be quite long when they open again. The …

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