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Debt
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EconomyMacroeconomy
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
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Economy
Latest T-bill auction highlights shift in Greek yield curve The flow of positive news in Greece’s sovereign debt market continues as the Public Debt Management Agency (PDMA) announced the results of Wednesday’s 26-week T-Bill auction in which the yield dropped to zero.
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EconomyProgramme
Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets The Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM) on Monday to make a loan pre-payment to the International Monetary Fund, a move which Athens hopes will boost its chances of convincing its creditors to lower its fiscal targets for the coming years.
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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.