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
Greek banks' capital backstop and the funding gap: An uneasy relationship
The recapitalisation of Greek banks carried out in June 2013 put an end (at that time) to a long period of uncertainty regarding the bolstering of their capital base and ability to raise fresh money from private investors.
The three core banks (Alpha Bank, National Bank and Piraeus Bank) raised a total of 3.1 billion or 14 percent of capital needs from private investors, exceeding the 10 percent minimum private sector participation threshold, also preserving their private...
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