Securitization

Public Power Corporation is considering a plan for the securitization of customers' expired debts to the company in a bid to fill its empty coffers.

After its "prepaid bill" program - offering consumers who pay a year's worth of bills in advance a 6 percent discount - the power giant is resorting to a particularly expensive tool to bolster its liquidity.

The international security agenda and the theoretical ways to study it have expanded tremendously since the end of the Cold War. Once the strict control of the global east-west military ideological rivalry lifted, various new threats and ways to analyze them emerged. These were the issues discussed in a three-day workshop organized recently by the International Relations Council of Turkey.

Emerging markets must create the valid legal conditions and a "level playing field" to gain access to Islamic finance at the international level, Zamir Iqbal, the head of the World Bank Global Islamic Finance Development Center, has told Anadolu Agency.

Alpha Bank is to raise about $510 million (410 million euros) from a deal backed by shipping loans, one of the first of its kind in Europe for nearly a year, finance industry and Alpha sources said on Friday.

By Vangelis Mandravelis

Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning.

By George Georgiopoulos & Jonathan Saul

Greece's Alpha Bank plans to securitise about 1.0 billion euros ($1.36 billion) of shipping loans this summer in one of the first European asset-backed deals in this industry for years, a banker with Alpha Bank and another finance industry source said on Friday.

By Vangelis Mandravelis

The selection of the state properties to enter the securitization process begins on Tuesday as the Public Properties Company’s governing board is expected to approve the tender for the contractors to manage all pending issues related to the title deeds of some 3,000 properties.