Merrill Lynch
BofA notes eurozone’s leniency to this gov’t
The European institutions have shown a willingness to put up with the current Greek government but they are likely to raise obstacles for the next government after this year's general election, according to Bank of America Merrill Lynch.
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Post-bailout Greece readies for return to bond market
Greece has announced plans to issue a five-year bond, in what be the country's first market test since the end of its international bailout last August.
The country's Public Debt Management Agency on Monday named BofA Merrill Lynch, Goldman Sachs International Bank, HSBC, JP Morgan, Morgan Stanley, and SG CIB as joint lead managers for the issue.
Greece poised to return to bond market with five-year paper
Greece's debt agency is to announce the country's return to the bond markets, with a five-year syndicated issue that may be announced within the day, sources indicated on Monday.
The state aims to raise 2 billion euros from the issue.
BofA warns of risk of dilution in Greek banking sector
Bank of America Merrill Lynch has argued in a report on Greek banking that the local banking sector still runs the risk of dilution, which is why the company has kept the sector's recommendation unchanged as "underperform."
Bofa Merrill Lynch: The Greek government’s social package can lead to more problems
Right after Moody’s warning about the Greek economy, Bofa Merrill Lynch came forward with a statement that criticizes the Greek government. According to the statement, the bonus to the pensioners that the Greek government announced was a unilateral decision that not only violated the agreement, but was also based on an overoptimistic calculation of the expected surplus.
Greek banks inform investors of recapitalization process
Greece’s financial institutions are holding a series of meetings with international investors participating in Greece’s systemic banks in view of the recapitalization process to be completed later this year.
European bond buyers find negative doesn't necessarily mean bad
By Lukanyo Mnyanda
Giving away your money doesn?t mean losing it these days.
Investors who held shorter-dated European debt have managed to eke out a positive return in 2015, according to Bank of America Merrill Lynch indexes. That was even as price increases pushed yields in Germany and Austria below zero.
Greek-owned Turkish bank delays enforced $1 billion share sale
By Isobel Finkel
Finansbank, the Turkish lender owned by National Bank of Greece, has delayed a planned secondary public offering that must be held this year to cut the Greek investor?s stake in line with a European Commission agreement.
Analysts optimistic about stress test results
By Yiannis Papadoyiannis
The clock is ticking ahead of the release of the European banks stress test results, and executives at local lenders are displaying reserved optimism regarding the outcome of the exercise.
Domestic bank officials say that the high readings of their capital adequacy ratios create a safety cushion that could absorb the impact of the adverse scenario.
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