Major international investment firms are now placing Greek bonds among the top investments for the next few months.
MARKETS
The Public Debt Management Agency on Wednesday reopened Greece’s 10-year bond that matures on June 15, 2033, raising 200 million euros and securing a rate of 3.76%, against a rate of 4.34% in the previous such auction four weeks earlier.
The already very important performance recorded by Greece internationally in terms of debt-to-GDP ratio reduction will continue over the next seven years.
We were very late in succeeding, but, even now it is recognized that the sacrifices and reforms made in the last 10 years in Greece following the country’s debt crisis have had a positive effect. That is why two international rating agencies have recently removed Greek bonds from the “junk” category and upgraded them to […]
The recovery of investment grade is an important milestone for Greece and a rare achievement, as most countries faced with bankruptcy never come close to this status, let alone achieve it 11 years after defaulting, which was in 2012 in Greece’s case.
S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010. It raised late on Friday the country’s local and foreign currency long-term issuer ratings to “BBB-/A-3,” with a stable outlook, citing stronger budgetary position.
Greece exercises fiscal restraint, with its economy continuing to outperform the eurozone.
Four days before this Friday’s assessment of the Greek economy by Standard & Poor’s, the government presented new signs of fiscal prudence.
Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm.
Fitch Ratings is sending a message of fiscal restraint to Greece, about two months before its critical “verdict” for the country.
The Meet Market (themeetmarket.gr) has been calling on Athenians to come together at its nomadic bazaars in various locations in the city since 2007.
Greece on Wednesday successfully completed a 13-week treasury bill auction with bids totaling 1.014 billion euros, 1.62 times more than the €625 million asked for, the Public Debt Management Agency reported.
Optima Bank’s share capital increase public offer was oversubscribed 5.1 times, setting the final sale price of the bank’s shares at 7.20 euros per share.
The Public Debt Management Agency announced last Friday that this Wednesday it is planning to auction 13-week treasury bills in book entry form to the amount of 625 million euros.
Cyprus on Saturday hailed a two-notch upgrade by credit ratings agency Moody’s.
The government is offering small private investors another chance to enter an interest-bearing bond auction, in the context of Wednesday’s six-month treasury bill issue.
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