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Debt
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Economy
Strong performance of 15-year bond bodes well for market strategy The strong appetite for Greece’s sovereign debt has been visible over the last few weeks across the curve, with yields as low as 0.3 pct for the 5-year issue.
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Economy
Greek 15-year bond attracts strong interest, improves debt profile Greece had its most successful market test since it exited its third adjustment programme in August 2018, by issuing a new 15-year bond that attracted significant investor interest and a very attractive yield.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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Economy
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020 Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.
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EconomyProgramme
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 nets near-zero yield, rounding off landmark year for sovereign debt Greece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero.
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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
Focus shifts to DSA, fiscal targets after IMF loan prepayment The Greek Finance Ministry announced on Monday that the process of prepaying some of the outstanding obligations to the IMF has been completed after Athens paid ahead of time 2.7 billion euros.
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EconomyProgramme
Despite differing views IMF and EC see no immediate debt sustainability concerns Greece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process published last week and the European Commission in the fourth post-programme review released on Wednesday.
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EconomyMacroeconomy
Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years Greece’s central government debt fell by 2.67 billion euros to 353.85 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019, from 356.55 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.