Eurozone

Strong demand for Austria, Greece, Slovenia bond sales

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.

CFA Romania's Cabat: Romania probably moving towards switching to European single currency in 2030

Romania's switching to the European single currency, the euro, is likely to be postponed until 2030 due to the ongoing coronavirus crisis, Dragos Cabat, a member on the CFA Society Romania board, said on Tuesday, noting that there should be a decision at the political level to attempt to try to enter at least the Eurozone antechamber and meet the Maastricht conditions again.

Greece mandates investment banks for new 10-year bond issue

Greece mandated investment banks Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank to jointly lead manage the issue of a new 10-year bond, its debt agency (PDMA) said on Tuesday.

"The syndicated transaction will be launched in the near future, subject to market conditions," the debt agency said without providing details on the size of the issue.

Vasle says eurozone financial markets remain stable

Ljubljana – The situation on eurozone financial markets remains stable despite the challenges brought about by the Covid-19 pandemic, mainly thanks to the support of the monetary policy and optimism related to vaccination, Banka Slovenije Governor Boštjan Vasle said after Thursday’s session of the Governing Council of the European Central Bank (ECB).

Nazare: Recovery and Resilience Facility is best proof of EU's ability to deliver concrete, operational results

The Recovery and Resilience Facility is the best proof of the European Union's ability to learn from past lessons and deliver concrete and operational results despite the current crisis conditions," Finance Minister Alexandru Nazare told the meeting of the Economic and Financial Affairs Council (ECOFIN) on January 19, 2021.

Greece raises 2 bln euros through private placement with domestic banks

Greece raised 2 billion euros ($2.43 billion) by reopening a 30-year bond through a private placement with two Greek banks, according to the official government gazette, the first borrowing action for 2021.

National Bank of Greece and Piraeus Bank participated in the transaction. The Greek debt agency issued a 30-year bond last year through a private placement.

Fitch is optimistic on Greece

Fitch Ratings officials appeared optimistic about Greece's economic outlook ahead of this Friday's credit rating report on the country during an online debate last week on the impact the pandemic has had on the assessments and the sustainability of eurozone member-states' finances.

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