MARKETS

greece-set-to-stay-in-markets
FINANCE

Greece’s first market foray for 2022, with a 10-year bond issue, offered a twin message: that the very low cost of borrowing is now a thing of the past, which is the case for all countries, and that Greece is still a normal issuer, even in a difficult period such as this.


greece-to-issue-new-10-year-bond
MARKETS

Greece is expected to make its first market foray for 2022 on Wednesday with a 10-year bond issue, barring any unforeseeable circumstances.

[AP]
ECONOMY

President Tayyip Erdogan said that he was pleased with the lessening in lira volatility and that the government was working on steps to increase interest in the Turkish currency, state media reported on Tuesday.

why-greeces-market-forays-could-start-with-a-15-year-bond-in-2022
MARKETS

Greece’s debut on the bond markets in 2022 appears to be a matter of days, in a year when the borrowing strategy of the Public Debt Management Agency will once again be front-heavy: Some 75-80% of the 12 billion euros Athens intends to raise for the entire year will come from issues during the first six months.


athex-agrees-to-list-bulgarian-derivatives
ECONOMY

The Athens Stock Exchange (ATHEX) and the Bulgarian Stock Exchange (BSE) signed a framework agreement this week for the admission to trading, clearing and settlement of Bulgarian derivatives.

investment-grade-possible-within-2022
MARKETS

Greece could attain investment grade in its credit rating during the course of this year, by continuing with its reforms, utilizing the resources of the Next Generation EU fund and maintaining a stable political landscape.

bond-price-pressure-ahead-of-new-issue
MARKETS

Greek sovereign bond yields and their spreads endured a significant increase on Friday, standing out among other eurozone bonds that also took pressure, albeit to a considerably smaller degree.


[AP]
ECONOMY

European shares hit all-time highs on Monday, starting the year in an upbeat mood on hopes of steady economic recovery despite soaring cases of the Omicron coronavirus variant.

Containers of fish with a note that reads in Turkish, 'Fresh fish' are displayed for sale to passers-by, at the Galata bridge in Istanbul, December 20. [AP]
ANALYSIS

Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his appeal on Friday for Turks to trust his unorthodox policies of slashing interest rates in the face of soaring inflation.



bond-issues-of-e12-bln-next-year
MARKETS

Greece is planning to issue new bonds worth 12 billion euros next year, according to a plan the Public Debt Management Agency (PDMA) has presented to investors.


record-bond-issues-by-listed-firms
BUSINESS

This year has seen a record number of corporate bond issues by Greek listed companies, a relatively new form of borrowing for enterprises that only started in 2016 with the issue of a listed bond by Housemarket.

ecb-decision-well-received-by-markets
FINANCE

Analysts and rating agencies consider as “credit positive” last Thursday’s decision by the European Central Bank to continue supporting Greece, even after the expiry of its extraordinary bond-buying program. Frankfurt plans to offer Greece full coverage until it regains investment grade, cover the Greek state’s bond issues and continue providing cheap funding and support for its banks.