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Economy
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).
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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
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 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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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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Economy
Athens waits for credit rating upgrade as 10-year yield drops to new low There has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down.
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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
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.