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Debt
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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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EconomyMacroeconomy
IMF revises fiscal outlook, sees lower primary surpluses in coming years Following the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.
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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
Athens sets out debt management strategy for 2020, reopens 10-year bond The draft budget submitted to Parliament on Monday gives some broad guidelines regarding Greece’s debt management strategy for next year.
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EconomyCorporates
OTE completes bookbuilding for bond with historically low coupon The Hellenic Telecommunications Organization S.A. (OTE) announced on Wednesday that is had concluded the bookbuilding process for the issuance of a 500 million euro 7-year bond in international debt capital markets.
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EconomyProgramme Athens launches drive to pre-pay part of IMF loan, bringing budget benefits Greece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monday.
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EconomyMacroeconomy
Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs Greece’s central government debt fell by 1.14 billion euros to 356.55 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019, from 357.69 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
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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.