This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.
This means that the maximum expense cap is likely to rise to 15,000 euros from 10,000 euros where it stands now, with a possible increase in the advance payment percentage as well.
The AT1 issue was greeted with high demand by more some 250 international and domestic investors, with the amount offered reaching 2.9 billion euros
In the section about Greece in its “Global Economics & Strategy” report, the firm highlights the primary fiscal surplus in the 2nd half of 2024 exceeded the €1.2 billion target set, reaching €2.9 billion
UBS maintained a buy recommendation for both the systemic banks
The extraordinary kWh subsidy program comes amid the latest surge in energy prices, especially electricity produced from natural gas
The new notes are expected to be listed for trading on the Euro MTF market of the Luxembourg Stock Exchange.
The uniform yield reached 2.81%, while the cut-off price was 104.570
Prime Minister Kyriakos Mitsotakis said the extraordinary windfall tax will be levied in August and September, in a bid to subsidize surging rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
Marinakis reassured that interventions would occur if consumer electricity prices escalate significantly.
Titan Group subsidiary Titan American will be listed in a New York stock exchange, with the details pending
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
Very high demand pushed down the coupon's interest rate to 4.125%
Athens and many parts of Greece, including Thessaloniki, Crete, and Kalamata, turned orange this week as a result of a massive dust storm moving in from Africa which impacted air quality and reduced visibility.
The conservative party is ahead in voter estimation by over 15 points
The European Commission is opening an investigation into Chinese wind-turbine suppliers operating in Spain, Greece, France, Romania and Bulgaria, competition chief Margarethe Vestager said on Tuesday. “We are launching a new inquiry into Chinese suppliers of wind turbines. We are investigating the conditions for the development of wind parks in Spain, in Greece, in France, […]
The next tranche of Greek government aid for citizens to help them reduce energy costs at home through the program "Save 2024" is expected to be launched in the second half of 2024 and will also target emissions.
During the meeting, Mitsotakis recognized that many of the farmers’ demands were reasonable
Employees offered suggestions to reduce risks of misuse of subscription accounts featuring minors. Meta took another approach and says its programs are well monitored.