Tuesday Jul 22, 2014 Search
Weather | Athens
29o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Piraeus to buy into MIG's convertible bond

Greek investment group Marfin (MIG) is set to issue a convertible bond to raise 400 million euros, the latest Greek firm to issue corporate debt, two sources close to the deal told Reuters on Wednesday.

MIG, with holdings in healthcare, foods, real estate, tourism and shipping, will tap the market to raise cash following similar moves by Hellenic Petroleum, Intralot and Greek banks National and Piraeus.

The sources did not say what the funds would be used for.

Piraeus Bank, Greece's second-largest lender by assets, will take up about 250 million euros of MIG's convertible issue, the sources said.

MIG sold Olympic Air to Aegean Airlines last October, booking a capital gain of 42 million euros.

Greek companies started to return to capital markets with bond and equity offerings in March as expectations of economic recovery after a crippling debt crisis attract foreign investors to Greek assets.

[Reuters]

ekathimerini.com , Wednesday May 14, 2014 (19:02)  
Minor gains at the end of up-and-down bourse session
Ryanair to table bid for Cyprus Airways
Nicosia seeks buyers for bank in US probe
Consumer confidence in Greece improves in Q2
Finance Minister, MPs to finalize overhaul of party funding laws
Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions...
EU envoy sees “clear progress“ on immigration, asylum
European Home Affairs Commissioner Cecilia Malmstrom on Tuesday expressed satisfaction at the “clear progress” made by Greece in the areas of migration and asylum while Development Minister ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Unequal after death
The dead are dead and the slain are slain, whether they are Malaysian, Dutch, Palestinian or Israeli, whether they are the innocent victims of a civilian plane that is shot down (we still do...
EDITORIAL
Chinese investment
The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Minor gains at the end of up-and-down bourse session
2. Finance Minister, MPs to finalize overhaul of party funding laws
3. EU envoy sees “clear progress“ on immigration, asylum
4. Coalition split over civil service evaluation scheme
5. Golden Dawn using legal tricks to delay trial
6. Anastasiades due to visit Athens on Monday for talks
more news
Today
This Week
1. Unequal after death
2. Greeks getting better at recycling, though still Europe's laggards
3. Chinese investment
4. Greek sovereign debt at 174.1 percent of GDP in first quarter
5. Shares in Greek renewable energy firm drop in trade debut
6. Piraeus prosecutor investigating use of funds for building renovation
Today
This Week
1. China and Greece agree to further cooperation in transportation, infrastructure
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. The cost of excellence
4. Pay-TV booms as cash-strapped Greeks shun depressing news shows
5. Greece seen in third bailout as bonds not enough, economists say
6. Summer storms cause problems in Thessaloniki, spread across the country
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.