JP Morgan

Armed by the surprise move from Standard & Poor's last Friday, upgrading Greece's outlook to "Positive," the Public Debt Management Agency is on Wednesday set to make its second major market foray for 2024, with a new 30-year bond.

Moody's decision against upgrading the Greek rating, and the JP Morgan report that Greece is not yet ready to join the developed markets poured cold water on expectation at the bourse in previous days and led to a significant decline in prices on Tuesday, at the opening of the stock market after the long weekend. Banks fared better thanks to the resilience of Eurobank and National. 

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

The terms of JP Morgan’s investment allow them to assume full control of Viva if its value falls below a certain threshold by June 2025

What the company said in a statement in the wake of the FT's report about a lawsuit swap between Harry Karonis and JP Morgan

Eyes will be on Fatih Karahan, who took the helm of the Turkish Central Bank last week, as he is set to present the banks' first quarterly inflation report of 2024 on Feb. 8.

Prime Minister Kyriakos Mitsotakis has had to cancel a planned visit to the United States after coming down with flu, government spokesman Pavlos Marinakis confirmed on Tuesday.

Pimco has been wading into Türkiye's bond market, betting that President Recep Tayyip Erdoğan's commitment to a sweeping economic overhaul has set the country on a path to regaining its investment grade credit rating, the Financial Times has reported.

Major investment firms kicked off the new year with a barrage of positive recommendations for Greek bonds ahead of the country's first market foray for 2024, expected soon, as well as the start of bond reissues planned by the Public Debt Management Agency.

Greek startups, including those based abroad and founded by Greek expats, have, so far this year, drawn $872 million from 83 investors. But the financial climate is more reserved than last year, and even more so than the almost free-for-all 2021.