Saturday November 29, 2014 Search
Weather | Athens
16o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
National Bank of Greece plans senior unsecured bond sale

National Bank of Greece SA is planning to sell senior bonds after the government last week returned to capital markets after a four-year exile.

The sale will take place after investor calls and a presentation in London next week, according to a person familiar with the matter, who asked not to be identified before the deal is completed. It follows Piraeus Bank SA, which last month held the first public sale of debt by a Greek financial company since 2009, according to data compiled by Bloomberg.

Greek banks have been raising funds in debt and equity markets before examinations of their loan books by the European Central Bank later this year. The government, which carried out the worlds biggest sovereign-debt restructuring in 2012, raised 3 billion euros ($4.2 billion) from international investors.

The Greek banks are benefiting from a mixture of improved sentiment toward the sovereign and the rights issues theyve done, said Robert Montague, a credit analyst at ECM Asset Management Ltd. in London. ECM manages about $9.5 billion of assets.

Dimitris Spyropoulos, a spokesman in Athens for National Bank, wasnt immediately available to comment.

The lender plans a 2.5 billion-euro stock issue that will bring its core Tier 1 ratio to 18.2 percent of assets weighted by risk and it will boost capital by another 1 billion euros with other actions, according to a statement yesterday.

The sovereign issue has helped establish a benchmark for Greek corporate issuance. The government bonds were priced at 99.13 cents on the euro to yield 4.95 percent, or 436 basis points more than German government debt. The yield has has since declined to 4.83 percent, according to prices on Bloomberg.

Piraeus Bank issued 500 million euros of three-year, 5 percent bonds that were priced to yield 5.125 percent on March 18. The securities now yield 3.59 percent. [Bloomberg]

ekathimerini.com , Thursday April 17, 2014 (13:32)  
Q3 growth was bigger than thought
Who will pay for the states ADMIE stake?
Christmas budgets slashed due to higher taxes, healthcare costs
Finance Ministry inundated with applications for debt settlement
Venizelos extends invite to Turkey at start of visit
Foreign Minister Evangelos Venizelos arrived in Ankara Friday night for two days of talks. Ahead of his visit he sought to make it clear that Greece is prepared to discuss maritime issues wi...
Vatopedi trial for 14 suspects
The Supreme Court decided Friday that 14 people should stand trial for the notorious property swap between the Vatopedi Monastery and the state six years ago. Those who will face charges of ...
Inside News
BASKETBALL
One more emphatic win sees Panathinaikos make top 16
Panathinaikos has mathematically qualified to the top 16 of the Euroleague after another emphatic home win, this time against Bayern Munich, with an 87-72 score on Friday. Given the changes ...
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
Inside Sports
COMMENTARY
Change of US president wont mean change of foreign policy
Americans have again voted for change in Washington as opposition Republicans take control of both houses of the US Congress. As attention now turns to the 2016 presidential race, it's time ...
COMMENTARY
The presidential election paradox
A few days ago, speaking with a visiting colleague who neither works in Europe nor covers events here, I suddenly felt how much we Greeks take for granted some things that should have worrie...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. One more emphatic win sees Panathinaikos make top 16
2. Venizelos extends invite to Turkey at start of visit
3. Vatopedi trial for 14 suspects
4. New proposals on way to troika
5. Cabbie who carried shooter claims he was threatened
6. Govt urged to allow Syrian refugees to move on
more news
Today
This Week
1. Change of US president won't mean change of foreign policy
2. Child molester suspect photo released by police
3. Greek economy expands 0.7 pct q/q in Q3
4. Lebanese FM: Cyprus may be jihadi transit point
5. Athens water supply 9-month profit falls 45 pct on lower charges
6. Armed man arrested on Thessaloniki campus
Today
This Week
1. Give Greece a chance
2. Extremism from a bygone era
3. Scientists expand excavation of ancient Amphipolis
4. Greece paralyzed by major strike, flights cancelled
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.