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High participation in bond swap provides end of year boost The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.
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Economy
Greek bond yields edge up as PEPP winds down The Greek authorities, as well as the markets, had hoped that Greece will continue to enjoy some sort of support from the ECB once the current asset purchase programme, PEPP, concludes in March next year but this looks unlikely.
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EconomyFeatures
Discussion over PEPP, SGP draw attention to rising yields The Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
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Economy
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln Greece’s debt manager successfully completed the fifth syndicated transaction of the year through a dual transaction of the re-opening of the existing 5-year bond due February 2026 and the 30-year that was maturing in January 2052.
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Economy
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond Greece completed its fourth market foray of the year by re-opening this week the 10-year bond that was issued on January 28.
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Economy
Greece draws another 3 bln from bond markets as debt strategy continues at pace Greece completed on Wednesday its third successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue.
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Economy
S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside In an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from ‘BB-‘, while also revising upward its outlook from stable to positive.
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Economy
Greek 30-year bond attracts strong demand at attractive yield Leveraging the positive sentiment following the ECB announcement last week that it would pick up the pace on bond purchases, thereby settling the latest sovereign bond markets jitters, Greece issued an ultra-long 30-year benchmark, its longest issue since January 2007.
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EconomyMacroeconomy
Newest Greek market foray for 10-yr bond breaks two records Greece took its first step towards executing the debt strategy for the new year with an impressive transaction for a 10-year bond issue that ended up breaking two records in the country’s sovereign market.
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Economy Fitch keeps Greece at 'BB' rating as risks remain on horizon As was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable.