HSBC

Demand for a new 10-year bond Greece issued on Tuesday has exceed the amount of 15 billion euros, sources told Reuters.

New quidance was set at mid-swaps plus 160/165 basis points.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan act as joint lead managers for the new issue, maturing in June, 2030. [Reuters]

Greece opened books for a new ten-year bond issue, a lead manager told Reuters on Tuesday.

Guidance was set at mid-swaps plus 170/175 basis points.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan act as joint lead managers for the new issue, maturing in June, 2030. [Reuters]

One day after Greek-Israeli businessman Sabby Mionis accused former alternate justice minister Dimitris Papangelopoulos, the publisher of Dimokratia newspaper Ioannis Filippakis and two journalists of blackmail in 2016, the parliamentary committee probing the handling of the Novartis case by the former SYRIZA administration on Thursday summoned ex-digital policy minister Nikos Pappas to testify

Testifying before the Parliament committee probing the handling of the Novartis case by the previous government, Greek-Israeli businessman Sabby Mionis accused former alternate justice minister Dimitris Papangelopoulos, the publisher of the Dimokratia newspaper, Ioannis Filippakis, and two journalists of blackmail in 2016.

Greece's Alpha Bank was set to price a 500 million euro Tier 2 bond issue at a yield of 4.25 percent, according to a lead manager.

The Greek lender received around 5.5 billion euros of investor demand for the subordinated bond issue, the lead manager said.

Pricing is expected later on Thursday via lead managers Citi, Goldman Sachs, HSBC, JP Morgan and NatWest Markets. 

HSBC is considering selling its Turkey business amid concerns about the country's volatile currency and economic outlook, sources familiar with the matter have said.
As part of broader cost-cutting measures under interim chief executive Noel Quinn, the bank is also seeking to sell or shrink its business in some other markets, the sources said.

Recently upgraded Greece will - barring any major surprises - issue its first ever 15-year bond on Tuesday, with the book set to open early in the morning.

Despite the strong rally by Greek stocks since the start of the year, HSBC estimates the Athens Exchange still has great potential to climb further. On Tuesday the British bank upgraded its recommendation for the local market from neutral to overweight, stressing that Greece's macroeconomic prospects have improved considerably after the elections, with a positive impact on stocks.

A flurry of reports on the Greek credit sector confirmed the positive view held by foreign firms on local banks these days.

The government is considering a tax reduction for investors buying the bonds that will be issued in the context of the Hercules plan of securitizing nonperforming loans, Deputy Finance Minister Giorgos Zavvos has told Bloomberg.