Tuesday September 23, 2014 Search
Weather | Athens
31o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece’s public power marketing bonds in first sale since 2000

Public Power Corp SA, Greece’s largest electricity company, is returning to the bond market for the first time since 2000 as recovery takes hold in the nation that set off the euro region’s debt crisis.

PPC is raising 500 million euros ($690 million) from senior notes to refinance debt, a person familiar with the matter said. The Athens-based utility is the first non-financial Greek company to sell bonds in Europe this year, according to data compiled by Bloomberg.

Confidence is returning to Greece after the government ended a four-year exile from international markets on April 10, issuing 3 billion euros of bonds in a sale that saw demand exceed supply by almost seven times, according to Greek Prime Minister Antonis Samaras. The country’s economy is set to grow 0.6 percent this year, Finance Minister Christos Staikouras said on Wednesday, the first expansion in seven years.

“Greece was the poster child for the sovereign crisis and it’s back,” said Juan Esteban Valencia, a strategist at Societe Generale SA in Paris. “It’s a vote of confidence in the work that’s been done there, but mostly, it’s the fact that people are really desperate to look for yield.”

PPC is selling three-year bonds that may be priced to yield 4.75 percent to 5 percent, and five-year bonds to yield 5.5 percent to 5.75 percent, according to the person with knowledge of the deal. The securities may be rated B, or five levels below investment grade, by Standard & Poor’s.

[Bloomberg]

ekathimerini.com , Wednesday April 30, 2014 (12:04)  
Programs target return of 21,000 jobless to work
Employment in commerce keeps sliding
Eurobank capital increase sends FDI soaring
Banks may get 3-billion-euro safety cushion
Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
With weeks to go before Golden Dawn much-anticipated trial starts, fresh evidence has emerged exposing the party’s Nazi roots. Footage released by Kathimerini on Sunday shows GD number two C...
Defendants handed prison terms over Antipnoia stabbings
Two men believed to be members of the neo-Nazi Golden Dawn party were sent to prison on Monday after an Athens court convicted them over the stabbing of a Greek and a Spanish national at the...
Inside News
SOCCER
PAOK joins Olympiakos on top after win at Agrinio
Olympiakos spent just two nights alone on top of the Super League, as on Monday evening PAOK joined the champions on 10 points through its 1-0 victory at Panetolikos. The Thessaloniki giant ...
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...
Inside Sports
COMMENTARY
So near and yet so far
Here we are again, so near and yet so far from the coast, in a balancing act of fear between disaster and blurred normality, yet with serious prospects of recovery. Our partners and creditor...
EDITORIAL
Transfer withdrawal
There appear to be significant changes afoot at Greek universities. Academics interested in managing educational institutions – as opposed to exchanging favors with unionists and party folk ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
2. Defendants handed prison terms over Antipnoia stabbings
3. Samaras to meet Merkel in Berlin for pivotal talks
4. Commission report highlights Erasmus student exchange benefits
5. PAOK joins Olympiakos on top after win at Agrinio
6. Programs target return of 21,000 jobless to work
more news
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Venizelos denies jihadis are being trained in Greece
3. Euro touches 14-month low before Draghi testimony
4. Draghi effect subsiding leaves pressure building on ECB chief
5. Civil servants' union calls new strike over evaluation
6. Investors snap up euro zone banks, exporters in ECB bet
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.