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Newsletter 253 -12/06/2020
the cash reserves and cover funding needs to support the economy after the pandemic crisis. The offer book... and Finland announcing upcoming new issues, Greece’s book attracted high quality offers... points. At its peak, the order book reached 17 billion euros and the final terms were announced
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingon the Phoenix and Vega NPE securitisations via the Hercules scheme, which have a total gross book value of 7... loan book increased by 1.7 billion, with business lending driving the trend. Loan disbursements... price (calculated at 6.00 euros currently). The tangible book value will rise by 2 billion euros
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
Economythe guidance down to 50 basis points over Mid Swaps and the book formally opened 11:30 CET. Within the first... the guidance to 47 basis points and indicating that the book would close by 13:00 CET. By late afternoon... of 0.172 pct. The book had a diversified investor base, attracting 145 accounts, with 85 pct
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Newsletter 295 - 07/05/2021
and the book formally opened 11:30 CET. Within the first hour, interest continued to grow, reaching... that the book would close by 13:00 CET. By late afternoon, the new issue would settle at 3 billion euros, zero coupon and a reoffer price of 99.186 and a yield of 0.172 pct. The book had a diversified
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingcapital increase of 1.38 billion euros, following a three-day book-building process that priced the 1.2... billion euros in gross book value. The implied valuation of the transaction based on the nominal... of the gross book value. Piraeus also said that it has already applied for the state backing
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingwith a gross book value of 2.7 billion euros as of the end of last year. The implied valuation of the transaction comes to 47.4 pct of the portfolio book value. Piraeus Bank will hold 5 pct of the mezzanine... a 7.2-billion-euro gross book value, leading towards the goal of Piraeus to reduce its NPEs by 19
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Economyopportune moment for its next move that could complete the total debt strategy. The book opened with an initial guidance of midswaps + 95 basis points, and the book grew quickly with demand exceeding 13..., the book had grown to almost 16 billion euros and eventually offers settled at 19.1 billion euros
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingof its existing 40 pct stake in NBG, via a book building process that will start this Tuesday via the book opening and close on November 16. The intention is to dispose of 20 pct of the current NBG.... Should NBG’s book building process conclude as expected, the sale of the stake will realise losses
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Newsletter 486 - 28/11/2025
’s book has reignited speculation about the former SYRIZA leader’s return. Farmers’ fury over... - the book positions Tsipras as a central protagonist in Greece’s most critical decade since..., intensifying competition between SYRIZA and PASOK. Yet the publicity storm surrounding the book - and Tsipras’s
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Government faces balancing act in 2026 as rivals gather for looming elections
PoliticsGreek Politicsyear with a social media message framed around the image of his recently published book Ithaki (Ithaca), which was released a few weeks after he stepped down as a SYRIZA MP in October. The book, which... launched his nationwide tour to promote the book at the tail-end of 2025. The tour also serves
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