Eurobond

Thanks to increased confidence and predictability, Türkiye now obtains longer-term external financing from international markets at more favorable terms compared to the past, Finance Minister Mehmet Şimşek has said.

Prime Minister Kyriakos Mitsotakis has proposed issuing Eurobonds to finance the EU's defense, an idea which seems to be shared by the South but not by the North. 

Prime Minister Kyriakos Mitsotakis proposed the issuance of Eurobonds exclusively for EU defense bolstering during his opening statements Thursday at the ongoing two-day European Union Council Summit in Brussels.

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

The European Union member-states, including Greece, are returning to fiscal discipline after four years of the Stability Pact's suspension, due to the Covid-19 and energy crises. This is according to the agreement reached on Saturday between the European Council and the European Parliament on new EU fiscal rules.

For the first time since 1918, Russia has failed to repay its government debt in foreign currency, according to Bloomberg.

For months, Russia has wavered on the brink of default, today is the culmination of the financial battle that the United States and other countries are waging against the Kremlin over the invasion of Ukraine.

The Czech Republic wants to allow companies to pay taxes in euros, although it does not use the single European currency as its official currency. This was announced by Finance Minister Zbynek Stanjura in an interview with Reuters.

Romania, through the Ministry of Finance, launched on April 7 this year's first issue of Eurobonds that attracted 3.5 billion euros on the international capital markets, which enjoyed a special interest from investors, according to a press release of the Ministry of Finance, sent on Thursday to AGERPRES.

Austria received orders from investors amounting to 40 billion euros and Greece 25 billion euros for their new 10-year bonds

Bond sales for Austria, Greece and Slovenia won strong demand on Wednesday, joining larger peers who issued debt via syndication earlier in the month.

Austria received 32 billion euros of investor orders, eight times the 4 billion euros it will raise, and Greece received 28 billion euros of orders for new 10-year bonds.