Citigroup
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The Grexit age is over as Grimbo takes over
Citigroup economist Ebrahim Rahbari was the one who came up with the term Grexit back in February 2012. Back then, they felt that there would be a 50% risk for Greece's exit from the Eurozone over the coming 18 months and 90% until 2014. The use of the term rocketed in 2015, with the addition of more terms such as Grexident and Grexodus.
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Varoufakis' 3 musketeers: Meet the man's men?
Finance Minister Yanis Varoufakis has signed on a number of specialized economists to help come up with ways to take Greece out of its quandary.
Daniel Munevar Sastre
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World Bank body to help Turkey grow export sector
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has announced that it will help Turkish Eximbank provide medium- and long-term funds to Turkish exporters.
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Bulgaria Repays EUR 1.5 B Bridge Loan
Bulgaria has repaid in full a EUR 1.5 B bridge loan taken out last December, saving nearly four million euro in spending on interest payments.
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Bulgaria Places EUR 3.1 B Triple-Tranche Bond
Bulgaria has sold a EUR 3.1 B triple-tranche bond comprising of seven-, 12- and 20-year maturities on foreign markets, the Finance Ministry said on Friday.
The volume is the biggest amount of debt issued by a country in the region of Central and Eastern Europe, the Middle East and Africa (CEEMEA) through a single syndicate of banks, the Finance Ministry said in a statement.
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Bulgaria Marketing 7-, 12- and 20-year Euro Bonds
Bulgaria is marketing euro bonds in three lots maturing respectively in seven, 12 and 20 years, Reuters reported on Thursday.
"The seven-year bond is being offered to investors at mid-swaps plus 195bp area, the 12-year tranche at mid-swaps plus 225bp area while the longest tranche is being offered to investors at mid-swaps plus 260bp area," the newswire said.
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Akbank mandates banks to renew $1.2 bln syndicated loan
Turkish lender Akbank has mandated a consortium of international banks to renew its syndicated loan amounting to a total of $1.2 billion, it said March 13 in a written statement to the Public Disclosure Platform.
Citigroup sells stake in Turkey's Akbank for $1.2 bln
Citigroup has sold its nearly 10 percent stake in Turkey?s Akbank for $1.2 billion, the U.S. lender said on March 5, its latest disposal of overseas assets to cut costs and boost profits.
New York-based Citi has been paring back in international markets in recent years, pulling out of retail banking inTurkey as well as long-established businesses such as Japan.
Bulgaria's Parliament to Decide on New External Debt Proposal
Protests organized by the Bulgarian opposition are expected as lawmakers are beginning their session of a government proposal to take on fresh foreign borrowing worth BGN 16 M, or EUR 8 B.
Bulgaria Govt Hires Four Banks to Manage 2015-2017 EUR 8 B Bond Programme
Citigroup, HSBC, Societe Generale and Unicredit have been selected by Bulgaria's government to manage its global medium-term bond programme worth EUR 8 B, according to a new draft bill now before Parliament.