Monday September 22, 2014 Search
Weather | Athens
31o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurobank and National eager to tap markets

Eurobank and National are rushing to make the most of the favorable climate for Greece in global markets, as the former is beginning the process of its share capital increase this week and the latter is expected to open the book for its new five-year bond on Tuesday.

Eurobank announced on Friday that its offering for the 2.86-billion-euro increase will take place from April 25 to 29. Last week major shareholder Hellenic Financial Stability Fund (HFSF) picked a group led by Canadas Fairfax as anchor investors in the banks offering, while about 10 percent of the new shares will be offered to Greek investors.

National Bank will on Tuesday start building the book for its bond issue, through which its aims to draw 750 million euros. The process ends on Thursday and National hopes to obtain an interest rate that will be up to 50 basis points below the 4.95 percent rate that the Greek sovereign bond got earlier this month. Merrill Lynch, Citi, Goldman Sachs and HSBC have undertaken the issue.

Last week National saw its plans for a share capital increase of 2.5 billion euros approved by the HFSF.

ekathimerini.com , Monday April 21, 2014 (23:04)  
New 10-euro note goes into circulation on Tuesday
European bonds rise as China, G-20 warnings curb scope for yield
Greek current account surplus shrinks in July
Investors snap up euro zone banks, exporters in ECB bet
Three more people arrested at Fyssas march bailed
The last of the 67 people arrested during disturbances at a march last week to mark the one-year anniversary of rapper Pavlos Fyssass murder were bailed yesterday. The three suspects were c...
FYROM official raises Vergina Sun flag on Mount Olympus peak
The vice president of the Former Yugoslav Republic of Macedonias (FYROM) Parliament, Antonio Milososki, has published a picture of himself and members of a group of climbers from Greeces n...
Inside News
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Three more people arrested at Fyssas march bailed
2. FYROM official raises Vergina Sun flag on Mount Olympus peak
3. Three injured as coast guard catches two human traffickers in Aegean
4. New 10-euro note goes into circulation on Tuesday
5. European bonds rise as China, G-20 warnings curb scope for yield
6. Griveas and wife bailed over Hellenic Postbank loans
more news
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Euro touches 14-month low before Draghi testimony
3. Venizelos denies jihadis are being trained in Greece
4. Draghi effect subsiding leaves pressure building on ECB chief
5. Investors snap up euro zone banks, exporters in ECB bet
6. Civil servants' union calls new strike over evaluation
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Greece can meet its needs on its own
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.