BNP Paribas

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Pricing of Greek 5-year-bond later today, as Greece returns to market

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 returns to bond markets (Upd)

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.

More firms licensed to manage bad loans

The Bank of Greece has licensed three more bad-loan management companies, taking the number of firms with such permits to seven.

The new licenses went to Alvarez & Marshal, Resolute Asset Management and UCI (a BNP Paribas subsidiary), while sources say that the list will soon extend to eight companies, as B2kapital is in the final stage of the licensing process.

Greek yields rise after banks hired for comeback bond sale

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.

Gov't to sound out next US administration at NY event

The 18th annual Greek Investor Forum takes place on December 12 at the Metropolitan Club of New York, organized by Capital Link in association with the New York Stock Exchange. Guest of honor at the event will be Wilbur Ross, senior financial adviser to the new president and future secretary of commerce.

Italy to send special mission of lenders to Iran

Italy will follow up on billions of euros of trade deals signed with Iran this year by sending a special mission to discuss how to fund and process them, Prime Minister Matteo Renzi said on April 13 in Tehran.

Speaking to industrialists on the second and last day of his visit, Renzi said some 50 agreements between Italian and Iranian companies "cannot remain on paper."