Goldman Sachs

Prime Minister Kyriakos Mitsotakis is departing on Wednesday for Davos, Switzerland, to attend the World Economic Forum (WEF) on Thursday and Friday, his press office announced.

Greece is likely to make its 2023 market debut on Tuesday with a syndicated issue of a new 10-year bond, in the context of the front-heavy strategy by the Public Debt Management Agency, in view of the further interest rate increases expected by the European Central Bank, but also general elections, which may cause market volatility and instability.

Analysts are split on when Greece may return to investment grade, in what is seen as a difficult year for the eurozone bond market due to the ECB's aggressive stance, while the national elections are firmly on investors' radars.

Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue has said, confirming press reports.

A source close to the issue said there would be a maximum of 3,200 jobs eliminated-- less than the figure of 4,000 cited in the press last month - and that it could end up being slightly less.

Treasury and Finance Minister Nureddin Nebati has held a meeting with the senior executives of Goldman Sachs in Washington, D.C.

H Volkswagen επέλεξε τις «ξένες» Goldman Sachs, Bank of America, JP Morgan και Citigroup, προκειμένου να «τρέξουν» την IPO της Porsche

Goldman Sachs estimates that the Greek economy is expected to gain momentum, with a boost from the resources of the Recovery Fund, after the submission of the "Greece 2.0" plan.

As Goldman Sachs points out in a new report entitled "Small economies, old challenges and new opportunities" that the Recovery Fund will lead to an increase in Greek GDP by at least about 7% by 2026.

Ljubljana – Slovenia plans to issue a 60-year bond subject to market conditions and has commissioned BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to manage the issue, the Finance Ministry announced on Tuesday.

Additional details have not been disclosed, but this would be the longest maturity for a bond Slovenia has ever issued.

The Turkish Treasury and Finance Ministry on Nov. 25 said its issuance of a dollar-denominated bond due in 2031 finalized with a nominal amount of $2.25 billion, seeing high demand from international capital markets.

As part of the 2020 external financing program, Goldman Sachs, HSBC and Morgan Stanley were authorized on Nov. 24 to issue the bonds.

Demand for a new 10-year bond Greece issued on Tuesday has exceed the amount of 15 billion euros, sources told Reuters.

New quidance was set at mid-swaps plus 160/165 basis points.

BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan act as joint lead managers for the new issue, maturing in June, 2030. [Reuters]