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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingPiraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which..., of which 5 billion related to capital support (Pillar I) and 23 billion to liquidity, with Pillar II and III bonds at 15 and 8 billion respectively. The ceiling of Pillar II bonds was later extended up
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingPiraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million... dropped, allegedly due to speculation following a story by Bloomberg concerning the bank’s Tier II... of the Tier II bond.
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingof the Sunrise II securitisation. The portfolio consists of roughly 47,000 retail and corporate loans... applied to Hercules II APS for the inclusion of Sunrise II senior notes for state guarantees of 1.2
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Greek banks maintain focus on key areas as elections approach
EconomyBankingthe successful issue of Piraeus Bank’s Tier II bond earlier in the month, the banks are also looking at how... in their first quarter (Q1) financial results. Piraeus Bank’s Tier II bond issue raised 400 million... of Greece (NBG) is preparing to issue their own Tier II bond which is expected to raise around 400
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Hercules nears end of its first cycle with National Bank's participation
EconomyBanking, though with potentially another 10 billion added from the pandemic. Hercules II Eurobank.... Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined value... to profitability. For their first goal they will have the assistance of Hercules’s sequel, Hercules II
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economybillion euros under pillar II of bank support scheme), special Greek government bonds (close to 7 billion... 2012) and EFSF bonds. For pillar II and III bonds, the current haircut stands at 25 and 30 percent... reduction in the haircut applied to pillar II bonds should be implemented for the additional liquidity
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Newsletter 283 -05/02/2021
, Galaxy II and Galaxy IV for a combined value of 10.8 billion euros. Piraeus Bank followed with its... of Hercules’s sequel, Hercules II. On the cards for Hercules II are Vega Phoenix from Piraeus, worth 7 billion euros, and the remainder of Alpha Bank’s Project Galaxy. Hercules II is seen running
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingare also being considered. Pireaus Bank in particular is being watched for the sale of Tier II... to the efforts of Piraeus Bank is the sale of a non-dilutive Tier-II bond to raise about 500... now sell contingent convertible bonds (CoCos) in place of the Tier-II bond. Piraeus Bank
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Greek banks on cusp of improved liquidity conditions
Agora(GGBs), T-Bills, pillar II and III bonds, used as collateral for ECB funding via the Emergency Liquidity Assistance (ELA). It is worth noting that according to a previous ECB decision, pillar II bonds... that the reinstatement of waiver will not have any impact on pillar II bonds. According to the latest available
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Buying time: The delayed crisis of democratic capitalism - a review
AgoraII capitalist countries - chiefly Western Europe - with political science theories of democratic... II development these policy instruments served as short-term fixes – or capital injections... Easing I, II, III by the Federal Reserve in the USA and various liquidity facilities (e.g. abbreviated
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