Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus names managers for first post-bailout bond

Cyprus appointed lead managers on Tuesday to arrange its first post-bailout bond, underpinning its ambitions for a swift comeback to international markets just a year after teetering on the verge of bankruptcy.

The Finance Ministry said it had mandated Deutsche Bank, Goldman Sachs International, HSBC, UBS Investment Bank and VTB Capital to handle briefings for investors.

A euro-denominated transaction may follow, subject to market conditions, the ministry said.

Last weeks easing measures by the European Central Bank have given fresh impetus to a two-year eurozone debt rally that has driven borrowing costs in countries that were engulfed in the sovereign debt crisis to record lows.

A senior ministry source told Reuters that authorities were contemplating raising up to 500 million euros but that the final figure, timing and maturity of the issue would be made after consulting lead managers.

The source could not rule out an issue as early as this month.

This should not in any way be interpreted as a premature termination of the [economic] adjustment program. We intend to continue that with the same determination, the source said, referring to a fiscal consolidation program being monitored by the International Monetary Fund and European Union.

[Reuters]

ekathimerini.com , Tuesday June 10, 2014 (20:03)  
Bourse index recovered on Wednesday
EU finds seed money for investment plan to unlock EIB funds
Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
Greeces OPAP delays launch of video lotto machines
Independent Greeks MP to be questioned over bribery claims
Independent Greeks MP Stavroula Xoulidou is to appear before a Supreme Court prosecutor on Thursday to answer questions regarding claims that she was offered a bribe to back the government's...
Greece paralyzed by major strike, flights cancelled
Greek labor unions staged a 24-hour strike on Thursday that cancelled hundreds of flights, shut public offices and severely disrupted local transport, in the first major industrial action to...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Independent Greeks MP to be questioned over bribery claims
2. Greece paralyzed by major strike, flights cancelled
3. Chief suspect in Piraeus bar shooting arrested
4. Bourse index recovered on Wednesday
5. Greece scrambles to find food, shelter for 700 migrants on crippled ship
6. Greek diplomat dies in fall under Thai train
more news
Today
This Week
1. Troika talks to continue after failure to wrap up negotiations in Paris
2. Greece scrambles to find food, shelter for 700 migrants on crippled ship
3. Chief suspect in Piraeus bar shooting arrested
4. Greek diplomat dies in fall under Thai train
5. Bourse index recovered on Wednesday
6. Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.