Bank of America Merrill

Scientific research and conservation studies of six paintings by Osman Hamdi Bey, kept in the Sabancı University Sakıp Sabancı Museum Painting Collection, have been moved to the Google Arts & Culture platform, one of the most important digital platforms of the culture and arts world.

Greek Finance Minister Christos Staikouras is heading to Washington to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank.

Forty major foreign investment firms and 30 Greek business groups will be meeting in Athens on September 20 in a roundtable to discuss investment projects that could be implemented in the near term.

Analysts tell Kathimerini they view the government's program as a step in the right direction, with Standard & Poor's noting it will be credit positive toward the country's rating, as long as the pledges to creditors are fulfilled.

Greece will be making its first foray into the money markets under the new, center-right government, issuing a seven-year bond that will be the third debt issue this year, on Tuesday, according to sources.

Bank of America Merrill Lynch has argued in a report on Greek banking that the local banking sector still runs the risk of dilution, which is why the company has kept the sector's recommendation unchanged as "underperform."

Trade was subdued in the week's first session at the Athens bourse, given the benchmark's repeated failures last week to clear the 770-point mark and the slashing of bank stocks' target prices by Bank of America on Monday.

The Greek government is expected to declare the country’s exit from the memoranda as it prepares to issue a 5-year bond upon returning to the markets later on Tuesday. The exact amount of money and the bond rate the Greek state will draw will become public on Tuesday afternoon.

Greece will return to bond markets, according to reports on Monday. The offers book is open for investors Monday and will remain so for 24 hours. The country invited holders of outstanding 4.75% 2019 bonds to tender them for cash in a switch offer. The government aims to draw €4.03bn at a rate below the 4.95% the previous government had borrowed at in 2014.

Yields on Greek government bonds rose on Thursday after IFR reported six banks had been hired to arrange Greece's first bond sale in over three years.

The Thomson Reuters market news and data service said late Wednesday Greece had mandated Bank of America Merrill Lynch, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs and HSBC for a five-year issue. The banks declined comment.