Tranche

Prime Minister Alexis Tsipras will send a clear message that if the problem of the country’s financing remains unsolved until the end of the week or by the 8th of April, then the government will choose to leave the IMF tranche unpaid in order to be able to pay salaries and pensions.

Bulgaria has sold a EUR 3.1 B triple-tranche bond comprising of seven-, 12- and 20-year maturities on foreign markets, the Finance Ministry said on Friday.

The volume is the biggest amount of debt issued by a country in the region of Central and Eastern Europe, the Middle East and Africa (CEEMEA) through a single syndicate of banks, the Finance Ministry said in a statement.

The Ministry of Finance announced on Sunday that the International Monetary Fund board of directors approved the second and third review of the Extended Fund Facility (EFF), allowing the disbursement of two tranches of an IMF loan worth 53 million euros.

"The Excecutive Board of IMF approved the review on 20 February 2015," the Ministry of Finance said in a press release.

Greece may need some more time before the last bailout credit tranche can be disbursed by international lenders, German Finance Minister Wolfgang Schaeuble said on Monday in Brussels.

Turkey's Finansbank, owned by National Bank of Greece, said on Tuesday it secured a syndicated loan in two tranches of $397 million and 356 million euro ($442.6 million).

The loans will be used to finance foreign trade and has a maturity of 1 year, said the statement to the Istanbul stock exchange. [Reuters]

Eurozone finance ministers on Friday urged Cyprus to tighten up new legislation on private sector debt restructuring, a key to meeting its bailout conditions, saying it is waiting for confirmation before the next tranche of aid can be issued.

By Sotiris Nikas

The Euro Working Group on Friday approved the release of a 1-billion-euro tranche of rescue loans to Greece after deeming that Athens has honored the six so-called "prior actions" required to release the funding.

 Return to markets will be with a 3-or 7-year bond before the start of the troika’s next major inspection

By Sotiris Nikas

By Katerina Sokou

The International Monetary Fund’s executive board will convene on May 28 to discuss and likely approve the disbursement of its next bailout tranche to Greece.