Piraeus Bank
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Greece draws 3 bln euros from 30-year bond amid huge demand
Greece drew 3 billion euros from the issue of a new 30-year bond on Wednesday, securing considerable demand for the issue that came on the back of the unexpected upgrading of the country's credit outlook to "Positive" by Standard & Poor's last Friday.
Issue of new 30-year bond
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.
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US Elections: John Polson is going for Trump’s Secretary of the Treasury – His Greek connections
Trump asked from the major shareholder of Piraeus Bank to take the helm of the American economy if elected
Intralot secures large loan from Greek banks
Athens-listed lottery and sports betting company Intralot signed an agreement for the issue of a new bond loan agreement of up to 100 million euros and duration to June 30, 2025, it said on Thursday.
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Banks see rates staying high
Greek banks estimate that interest rates will remain high, namely between 2.7% and 3% in 2024-2026, keeping interest income at high levels for the following years as well.
Interest income increased by 51% to 8.1 billion euros in 2023, contributing the bulk of organic revenue of €10.4 billion.
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ATHEX: Minor drop on reduced turnover
After a tight session at Athinon Avenue, the main index of the Greek stock market closed on Friday with small losses that were not enough to offset all of the gains it had recorded over the course of the week.
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ATHEX: Stocks claw back some lost ground
The Greek stock market rebounded on Wednesday, driven mainly by Piraeus Bank and other lenders, but the daily turnover showed a significant decrease from the previous days, which is partly explained by the simultaneous reopening of a state bond.
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As economy rebounds, Greece will wrap up bank sales this year, finance minister says
Greece will this year complete the sale of its outstanding stakes in five banks bailed out during last decade's debt crisis and raise record revenues from state asset sales, its finance minister told Reuters.
ATHEX: Late rally takes index over 1,400 pts
A late rally at Athinon Avenue gave the benchmark of the Greek bourse fresh momentum on Thursday, allowing it to easily surpass the 1,400-point barrier and close the day on a high. Non-bank blue chips outperformed, boosting a market that continues to have very high daily turnover levels since the placement of Piraeus Bank shares last week.
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ATHEX: Local index slumps below 1,400-pt mark
The index rebalancing, the constant rally of stocks in recent weeks, the decline of Piraeus Bank (the protagonist of the past week) and the reservations investors showed in foreign markets contributed to a day of major losses at the Greek stock market on Monday, which brought the benchmark below the 1,400-point mark on unusually high turnover.
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