Investors’ demand was reportedly high over the National Bank of Greece’s (NGB) foray into the markets on Monday, as the Greek systemic bank aims to raise €500 million, with reports citing offers already exceeding the one-billion-euro mark.
The book-building process opened for the five-year senior preferred bond – a product offering a higher level of security compared to other types of debt – earlier today with an interest rate set at 5%.
Bank of America and BofA Securities, Citi, Deutsche Bank, HSBC, Nomura and UBS Investment Bank have been appointed as global coordinators of the process of the issuance of NGB’s bond.
Last week, another Greek systemic bank, Eurobank, successfully concluded the issuance of a Tier 2 Capital Bond amounting to 300 million euros, with the total demand by investors reaching €1.8 billion, resulting in a 0.50% yield reduction from the initial 6.875% to 6.375%.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
Syria’s Bashar al-Assad, His family Granted Asylum by Russia
Reuters also reported that a deal has been struck to ensure the safety of Russian military bases in the war-ravaged country
Greece to Introduce Artificial Intelligence into Its Education System
Currently, Greece is taking its first steps to bring AI into classrooms through the AI4edu program, which is being co-funded by the European Union
Greek PM Mitsotakis Announces Interventions in Banking Sector
Addressing banking fees, the prime minister emphasized the need for a more competitive banking system that benefits borrowers and depositors alike
FT: Exarchia’s Farmers’ Market in Athens Ranked Among the World’s Best
Musicians play traditional Greek tunes as vendors call out to showcase their goods, which include olive oil, honey, fresh fish, herbs, and a variety of vegetables.
‘Greece 1974-2024: 50 Years of Greek Foreign Policy’ Conference Set for Dec. 12-13
The conference, held at the King George Hotel in Athens, will also be live-streamed
