BoC dips toe in CoCo market

Spain's BBVA and Bank of Cyprus reopened the market with the issuance of the first euro-denominated contingent convertible bonds (CoCo) since the rescue of Credit Suisse in March, in what is seen as an attempt to restore confidence in the banks' riskiest debt instruments.

Banks expect cheap access to markets

Cheaper access to the markets for raising liquidity and financing the economy will be the first benefits to be felt by local banks from the recovery of investment grade by the Greek state. This is expected to occur in the first half of 2024 or perhaps earlier depending on the outcome of the elections and political developments.

Greece to reopen 10-year bond

Greece will reopen a 10-year issue on Wednesday, seeking to raise up to 300 million euros from the market. 

The 10-year bond issue offers a coupon of 4.25% and has a maturity date of June 16, 2033. The settlement date will be Wednesday, April 26. 

Serbia sells 12-year gov't bonds for 5.685 bln dinars

BELGRADE - The Serbian Public Debt Administration announced on Tuesday it had sold 12-year dinar-denominated government bonds at an auction for 5.685 bln dinars.

In a statement, the Administration said an issue of 12-year Serbian government bonds, maturing on August 20, 2032 and first issued on February 18, 2020, had been reopened earlier in the day.