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Greece’s return to capital markets: Why not try a diaspora bond first?
AgoraGreece’s return to international capital markets during the course of 2014 is currently the talk... surplus, whose size appears to be changing on a weekly basis, the objective of returning to capital... capital markets. After the recent successes of Ireland, Spain and Portugal to issue sovereign debt
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Greek business feeling the pinch from capital controls
EconomyThe imposition of capital controls a month ago has taken a heavy toll on Greek companies, from... the imposition of capital controls found total retail sales had dropped 10 percent. This reflected... the decline was below the 50-percent mark. The negative direct or indirect implications of capital
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Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingcould boost its capital base by up to 586 million euros for the cash consideration or by a maximum... strengthen its capital base by a maximum of 415 million euros for the cash consideration or by up... banks to conduct such voluntary bond exchange offers to reduce the capital shortfall that will arise
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Banks reveal new capital structures, ex-bondholders sell shareholdings
EconomyFollowing the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official... the capital increase, foreign institutional investors held 23.63 percent of Alpha share capital
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Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomyThe Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday... noted. Capital controls were imposed at the end of June 2015 and a number of ministerial decisions... steps for further relaxation of capital controls should be implemented as soon as possible and need
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingthe health of the domestic lenders and to have a complete picture about any potential capital needs... percent for Piraeus. Under the adverse scenario, the capital of Greek lenders is seen being depleted by 9 percentage points, or 15.5 billion euros in 2020. The capital depletion for Alpha is 8.56
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economyshowing the impact that capital controls, imposed on June 29, have had on local businesses... after the imposition of capital controls. In an effort to address the constraints in cash flow... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month
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Study shows deep impact of capital controls on retail sector
Economythe devastating impact on retail sales from the imposition of capital controls. The study showed prior to capital controls retail sales fell to 3.33 billion euros, or by 5.4 percent in June. In July... of capital controls. Specifically, food and fuel sales fell by 5.5 percent in June, significantly
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingratio of 660 bps. In contrast, NBG’s capital base will be hit by 40 bps or 250 million since... with no impact on its capital ratios. As a result, NBG’s Q3 CET1 ratio of 13.3 percent rises to 19.6... of its capital shortfall in late October. Finasbank had a notable contribution to NBG’s 9M 2015
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyholiday from July 20. However, capital controls will be maintained, while several banking activities... Exchange, which remains closed as of June 29. The key issue relates to the capital controls... holiday would result is some kind of return to normality for Greek banks, the capital controls
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