Convertible bond

Four suitors express an interest in Forthnet stake

Troubled alternative telecommunications provider Forthnet has four suitors - two from the industry (Vodafone and Wind) and two others which have not been named but are private equity funds with a strategic interest.

The expressions of interest in acquiring Forthnet - owner of the Nova satellite TV platform - were made last Friday, as consultant Nomura had dictated.

Greek gov’t issues ministerial act on CoCos for bank recapitalization

The Greek government on Tuesday issued a ministerial council act on the details of the recapitalization of banks defining an 8.0 % interest on bonds and mentioning the operation of CoCos (convertible bonds) with which Hellenic Financial Stability Fund will cover additional capital needs of Greek banks.