Refinancing

National Bank of Greece posted after-tax profits of 983 million euros in the first nine months of the year, the lender announced on Thursday, recording a 15% increase year-on-year.

This is the result of the resilience of its net revenues from interest and the strong takings from commissions, the bank argued.

The Ministry of Infrastructure and Transport announced that toll prices across all stations on the Aegean Motorway will be reduced from October 1, 2024, until December 31, 2025.

These reductions stem from the benefits accrued by the Greek state through the refinancing of the Maliakos-Kleidi Motorway of the Aegean Motorway project.

Black and Hispanic households in New York state, home to America's financial capital, own their homes at half the rate of white households, a government report said Tuesday.

Rising interest rates have put loan takers, from consumers to governments, in a bind, with many having taken out loans at interbank rates in the red, as they were for eight successive years in the EU.

Successive rounds of rate increases by central banks have unavoidably affected commercial loan rates.

Banks are promoting a refinancing model which offers haircuts for cooperative borrowers. This is being followed by debt management companies and investment schemes in cooperation with the funds and servicers that have taken over 70 billion euros in bad loans.

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PPC is entering the markets again today, for the second time in four months, seeking to take advantage of the positive investment momentum.

With a bond that also includes a sustainability clause (SLB), the management of the public enterprise aims to raise 300 million euros for the refinancing on more favorable terms of its existing borrowing.

Greece will sell 375 million euros of three-month treasury bills on February 5 to refinance maturing debt, its debt agency PDMA said on Friday.

The agency rolled over three-month T-bills in January with the paper priced at a negative yield of -0.08 percent, an all-time low.

The settlement date of the new T-bills will be February 7.

Greece sold 488 million euros ($535.82 million) of three-month treasury bills to refinance a maturing issue with the yield turning negative for the first time ever, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of -0.02 percent, down from 0.095 percent, in a previous sale in August.

Debt manager Pillarstone and British investment fund M&G have signed a deal for the latter to provisionally undertake Notos Com's loans worth 7 million euros.