Financial markets

International agencies view the outlook of Piraeus Bank favorably after the formal verdict by the European Central Bank that leads to turning the Greek lender's contingent convertible bonds (CoCos) into common shares, and despite the major drop in third-quarter profits announced.

Terna Energy has decided to boost its capital by €50.1 million through private placement.

The decision will officially be taken at a general assembly on September 1 at company headquarters. If approved, the company will issue 4,556,757 common shares of a nominal value of €0.30 each, which will be distributed via private placement at an expected price of at least €11.

The Turkish private sector's outstanding loans from abroad fell further in April compared to the end of last year, the country's Central Bank announced on June 17. 

Long-term debts hit $173.6 billion as of April, falling $7.4 billion from end-2019, with 41.9% held by financial institutions.

International central securities depository Euroclear Bank will give swap and deposit services for domestic debt securities of the Turkish government.

Turkey has agreed with Euroclear to improve accessing capacities of non-residents to Turkish lira, euro, dollar and gold denominated bonds, the country's Treasury and Finance Ministry announced on June 8. 

economy,

The European Central Bank has acquired 4.69 billion euros of Greek bonds since it launched its emergency bond-buying program in late March to support the eurozone in the face of the coronavirus pandemic.

On Wednesday, June 3, Greece's Public Debt Management Agency will auction 26-week treasury bills in book entry form, which will mature on December 4, 2020.
The amount to be auctioned will be 1 billion euros and the settlement date will be June 5.

The total assets managed by the seven mandatory pension funds amounted to 61.87 billion lei at the end of April 2020, up by 18.4% compared to April 2019 and by 192.46% more than the value registered five years ago, according to an analysis made by the financial information platform about investment funds in Romania - SmartFin.ro.

Six European Union states will scrap bans on short-selling shares introduced during bouts of extreme market volatility in March when national lockdowns were rolled out across the bloc to fight the Covid-19 pandemic.

The Turkish private sector's outstanding loans from abroad fell in March compared to the end of last year, the country's Central Bank announced on May 18. 

Long-term debts hit $177.6 billion as of March, falling $3 billion from end-2019, with 42.2% held by financial institutions.

Southern European bond yields fell by about 10 basis points on Friday as markets remained focused on European Central Bank action to mitigate eurozone economic stress and prevent Italy's credit rating from tumbling into junk territory.
European Union leaders agreed a 1.5-trillion-euro rescue package but delayed a decision on the program's details until the summer.