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Mission chiefs pick up fifth review baton as Greece mulls new bond issue Greek government officials are due to begin meetings with the institutions’ mission chiefs on Wednesday as part of the fifth enhanced surveillance review, which Athens hopes will pave the way for its three fiscal demands to be met later this year.
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Economy
PDMA sets 2020 goals to build on improving conditions for debt Greece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after taking stock of the achievements during 2019 and the characteristics of Greek sovereign debt, which breed confidence for the year ahead.
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Economy
Latest T-bill auction highlights shift in Greek yield curve The flow of positive news in Greece’s sovereign debt market continues as the Public Debt Management Agency (PDMA) announced the results of Wednesday’s 26-week T-Bill auction in which the yield dropped to zero.
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Economy
S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls S&P raised on Friday its credit rating for Greece by one notch, taking it to ‘BB-’, and kept its positive outlook for the country.
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Economy
Athens waits for credit rating upgrade as 10-year yield drops to new low There has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down.
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Economy
Reopening of 10-year bond secures record low yield of 1.5 pct Greece’s Public Debt Management Agency (PDMA) published the details of the country’s fourth syndicated transaction for 2019 which came in the form of the reopening of the 10-year bond maturing in March 2029 that was issued earlier this year.
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Economy
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance Fitch kept its credit rating for Greece unchanged at ‘BB-‘ with a stable outlook on Friday night.
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Economy
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs The positive mood in Greece’s public debt market is showing no signs of letting up and was again reflected in the 26-week auction of T-bills that took place on Wednesday.
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Economy
Bonds enjoy great buoyancy but remain some distance from investment grade Greece’s borrowing costs have enjoyed an unprecedented period of buoyancy this year, which included the benchmark 10-year bond yield dropping from 4.4 percent in early 2019 to marginally below 2 percent yesterday.
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Economy
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct Greece’s debt management agency (PDMA) completed its debt issue strategy for 2019 with the issuance of a 2.5 billion, 7-year bond on Tuesday, which carried a coupon of 1.875 percent.