bonds

ECB Begins Cyprus Bonds Purchases Following Investment-Grade Upgrade

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...

Greece to Issue 7-Year Bond 'in Next Few Days'

The Greek Finance Ministry has decided to issue a seven-year bond, aiming to raise €3 billion ($3.7 billion), in the next few days, possibly this week, reports the Athens-Macedonian News Agency (AMNA). It is the third attempt towards Greece's full...

Greece Launches First Bond Sale Since 2014

Greece’s government is returning to the financial markets for the first time since 2014. It has mandated six banks to bring new five-year bonds to the markets. The banks hired are: BNP Paribas, Bank of America Merrill Lynch, Citigroup, Deutsche Bank,...

European Central Bank Gives Breath of Liquidity to Greek Banks

The European Central Bank gave a breath of liquidity to Greek banks after Thursday's decision to include them in its quantitative easing program and the purchase of EFSF bonds. The decision constitutes an indirect capital boost, from which banks can...

Bloomberg Restates that Greece Should Follow a Bailout Program

Greece’s lenders are insisting that the country remains subject to an economic bailout program, according to financial newspaper Bloomberg, which has cited two anonymous officials. European financial support for Greece is set to expire at the end of 2014, although the...

Greece 's Primary Surplus to Reach 2.9 % In 2015

The government will aim for a primary budget surplus of 2.9% next year, just shy of the 3% target set out under the bailout agreement, says the deputy finance minister. The target is part of a 2015 draft budget that...

Mario Draghi Says ECB Will Help Greece Under Memorandum Plan

The ECB plans to accept junk bonds from crisis-ridden countries, provided that they were first subjected to an economic monitoring program. The announcement, which came from the head of the European Central Bank, Mario Draghi, has reportedly astonished Greek lawmakers. The statement has...

Piraeus Bank to Acquire 16% of Marfin Investment Group

A major business deal between Piraeus Bank and Marfin Investment Group (MIG) is expected to be announced at the end of the stock market session taking place Wednesday, May 14. Greek MIG will issue a 400 million euro convertible bond...

Vulture Funds Cashing in on Greek Debt

Wherever chaos appears, vultures follow; an unavoidable consequence which Greece has to deal with. Greeks rush to withdraw savings, while some "clever" and rich companies around the world make deals with Greeks. Kenneth Dart is an American tax exile who...