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Economy
Greek Borrowing Costs Drop Lower Than Italy's for First Time Since 2008
The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets.
The...
Economy
Greece Expected to Tap Financial Markets With New 10-Year Bond
Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that the country has been enjoying over the last several months.
Greek authorities have requested the major...
Business
Greece's Borrowing Costs Hit New All-Time Low
Greece’s borrowing costs have tumbled to a record low on Wednesday, reflecting hopes among foreign investors that the new government will be able to reinvigorate Greece’s reform program.
The 10-year bond yield fell 2.6 percent on a daily basis on...
Greece
Piraeus Bank Issues First Bond Since 2008, Raising 400 Million Euros
Piraeus Bank, Greece's largest lender, secured a major capital boost on Wednesday, raising 400 million euros through the issuance of a bond.
The interest rate amounted to 9.75 percent and the offers book, overseen by Goldman Sachs International and UBS,...
Economy
Demand for Greek 10-Year Bond Exceeds 11 Billion Euros
Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros on Tuesday, with the interest rate of the issue set at 3.9 percent, according to sources quoted by the Athens News Agency.
Earlier in the day, Greek...
Economy
Greece Raises 2.5 Billion Euros From Bond Auction
File photo
Greece launched a 5-year bond auction on Tuesday, with the financial products having a yield of 3.6 percent. The sale successfully raised a total of 2.5 billion euros ($2.87 billion) for the Greek treasury.
It was the first time...
Economy
Greece Returns to Markets with 7-Year Bond
Greece on Thursday returned to international capital markets with a seven-year syndicated bond through the launch of a book-building procedure.
It is one of three state bond issues scheduled by the Greek government until completion of the current bailout program...
Economy
Greece 'Postpones' Launch of 7-Year Bond
Greece's finance ministry has decided to postpone the issuing of the seven-year bond scheduled for Tuesday due to the turbulence in international money markets.
Reports suggest that the ministry was advised to delay its move to avoid unnecessary risks as...
Economy
ESM Looking at Loan Duration Adjustments for Greece
ESM and EFSF General Secretary Kalin Anev Janse spoke to German newspaper Boersen Zeitung. In the interview he said that he had been asked to look at long-term and short-term reforms to Greece. He said, however, that no announcements...