Morgan Stanley

National Bank of Greece is eager to make the most of the favorable climate among foreign investors toward the country in the last couple of months, and especially after the election result, proceeding immediately with the issue of a Tier II bond to boost its capital.

According to an announcement by the Ministry of Finance, Cyprus is expected to issue a 5 year and a 30 year bond as soon as Wednesday.
Barclays, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and Societe Generale will run the debt issuance which is earmarked for the early repayment of Cyprus' Russian loan.

North Korea has an enormous economic potential if the leader of the country, Kim Jong-un, agrees Pyongyang to give up its nuclear weapons. A similar publication on Twitter came out yesterday by US President Donald Trump. In it, he adds that Vietnam can be an example the country should follow, CNBC wrote.

Morgan Stanley sees that while steps have been taken to drastically reduce Greek banks' bad loans, several obstacles remain in their way. The international bank's report on Monday followed meetings between Morgan Stanley officials and representatives from the country's four systemic banks, as well as from Grivalia, the Bank of Greece and the Hellenic Financial Stability Fund.

Greece has announced plans to issue a five-year bond, in what be the country's first market test since the end of its international bailout last August.

The country's Public Debt Management Agency on Monday named BofA Merrill Lynch, Goldman Sachs International Bank, HSBC, JP Morgan, Morgan Stanley, and SG CIB as joint lead managers for the issue.

Greece's debt agency is to announce the country's return to the bond markets, with a five-year syndicated issue that may be announced within the day, sources indicated on Monday.

The state aims to raise 2 billion euros from the issue.

Eurobank will be the first bank to securitize its mortgage loans, putting up for grabs a security based on a portfolio worth 2 billion euros. According to a teaser sent to candidate investors, the portfolio will contains around 44,000 loans, all of which have long been classified as nonperforming.

Stock markets around the world remained under pressure Monday with investor confidence weighed down by the recent big sell-off that's put key U.S. indexes on course to record their worst December since the 1930s. News that U.S.

New loan issues by local lenders will become harder from January as they must adhere to strict risk assessment criteria. Meanwhile Morgan Stanley has warned that the price Greek banks will pay for slashing their bad loans will be major reductions in their stock values.

Foreign banks Morgan Stanley, IBG and Deutsche Bank on Friday raised questions regarding the plan that the Bank of Greece presented on Thursday with the aim of reducing local lenders' bad loans, saying the idea is positive under certain conditions.