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Tag Archives: bonds

Greece successfully auctions 10-year and 15-year 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 to tap markets with reissue of 5-Year and 30-Year bonds

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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ECB will accept Greek government bonds as collateral

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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Greek bond yields hit historical low, for first time since 2006

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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Tsakalotos: Italy volatility has made it harder for Greece to sell bonds

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 to extend Golden Visa program to lure more investors

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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Investor cannot sue Greece at home over bond haircut PSI

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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Fitch upgrades mortgage-covered bond programmes of 3 Greek banks

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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Greece announces “Return to Bond Markets”, aims to raise €4.03billion

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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S&P Raises Outlook On Greece Ahead Of Bond Sale, Keeps B- Rating

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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Bundesbank: No ban on Sovereign Debt Collateral from Greece, Ireland & Portugal

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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Donations to Help Greek State with Debt-Crisis Reached 5 Million Euro

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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Greece’s Pharmacists on Strike, March 8-9/12

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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