Greece
-
Ireland debt management office hopes upgrade will bring in new investors
-
The sovereign paid a premium in line with recent trades
-
Greek lender raises €400m in its first ever AT1 issue
-
The sovereign is now one notch away from investment grade ratings from two of the big three agencies
-
‘Fatigue’ in the market could be hurting smaller issuers
-
Greece and a Canadian province both mandated for 10 year trades on Monday
-
Southern European banks to lean on covered bonds for TLTRO refinancing
-
Oversubscribed deal allows Greek lender to attain net new funding
-
Lender will use favourable market to refinance a bond before its call date in February with tender offer
-
The deal may open the door to other Greek banks issuing in foreign currencies and markets
-
Expectations for rates stability have encouraged international investors to return to Greek bank debt
-
The smaller Italian issuer was able to harness solid demand to net a 'good' 30bp price move