High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Banks’ EFSF bonds QE eligible but with little impact on liquidity
A European Stability Mechanism (ESM) spokesman confirmed on Friday that the restrictions on outright selling of EFSF bonds held by Greek banks have been lifted.
This applies only for the participation of Greek banks’ EFSF bond holdings in ECB quantitative easing (QE) in the context of its Public Sector Purchase Programme (PSPP).
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