Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
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Giuseppe
tommy271
Forumer storico
Eurobank Taps Wholesale Market
EFG Eurobank Ergasias said Monday that it has tapped the wholesale interbank. funding market for more than EUR500 million, Dow Jones Newswires reports.
The lender noted that this is the first such transaction involving a Greek bank since the country nearly defaulted on its debt.
The bank said the transaction reflects not just the strength of its capital base but also Greece΄s progress in getting its public finances back in shape and "its improved international image."
It marks the first step in the reopening of international markets to Greek financial institutions, "a step of major importance in the long road to a full normalization of financial flows," Eurobank added, according to the news agency.
Of the more than EUR500 million financing, EUR300 million stemmed from a repurchase transaction with underlying Greek government bonds. The interest rate is Euribor plus a spread of less than 200 basis points.
(Capital.gr)
***
Buone notizie ...
EFG Eurobank Ergasias said Monday that it has tapped the wholesale interbank. funding market for more than EUR500 million, Dow Jones Newswires reports.
The lender noted that this is the first such transaction involving a Greek bank since the country nearly defaulted on its debt.
The bank said the transaction reflects not just the strength of its capital base but also Greece΄s progress in getting its public finances back in shape and "its improved international image."
It marks the first step in the reopening of international markets to Greek financial institutions, "a step of major importance in the long road to a full normalization of financial flows," Eurobank added, according to the news agency.
Of the more than EUR500 million financing, EUR300 million stemmed from a repurchase transaction with underlying Greek government bonds. The interest rate is Euribor plus a spread of less than 200 basis points.
(Capital.gr)
***
Buone notizie ...
tommy271
Forumer storico
UPDATE 1-Eurobank puts up Greek bonds to tap markets
12:22pm GMT+0200
Mon Oct 18, 2010 7:08am EDT
* Eurobank used Greek bonds as collateral to raise funds
* Lender has tapped interbank market for a total 0.5 bln eur
(Adds quote, details)
ATHENS, Oct 18 (Reuters) - EFG Eurobank (EFGr.AT) said it became the first Greek bank since the beginning of the country's debt crisis to use Greek government bonds as collateral to tap the interbank market.
Greece's second-largest lender has borrowed 300 million euros ($417 million) for two years from a non-Greek investment bank against government bonds, it said on Monday without naming its partner.
The charge for the financing was euribor plus a spread below 200 basis points, it said.
"Eurobank last week successfully completed the first Greek government bond refinancing transaction by any Greek bank on the international interbank market," Eurobank said.
With this deal and another 200 million euros raised by using foreign bonds as collaterals, Eurobank has recently raised a total 500 million euros from the interbank market, it said.
Greek banks, hit by the country's debt crisis, have been shut out from wholesale funding markets as their bond portfolios were damaged by successive sovereign credit rating downgrades, forcing them to rely on the ECB to refinance their operations.
Latest data showed ECB funding to Greek banks rose to 94.3 billion euros in September from 49.7 billion at the beginning of the year. [ID:nATH005740]
The yield spread of 10-year Greek government bonds over benchmark Bunds GR10YT=TWEB DE10YT=TWEB has been narrowing over the past weeks, on positive news including comments by the IMF saying rescheduling bailout repayments was an option.
The spread stood at 667 basis points on Monday, down from more than 900 bps in early September.
National Bank (NBGr.AT), Greece's biggest lender, last week successfully tapped shareholders for a total 1.8 billion euros, saying this was paving the way for a full return to the interbank market, perhaps as early as this year.
***
Anche qui riportato da Reuters ...
12:22pm GMT+0200
Mon Oct 18, 2010 7:08am EDT
* Eurobank used Greek bonds as collateral to raise funds
* Lender has tapped interbank market for a total 0.5 bln eur
(Adds quote, details)
ATHENS, Oct 18 (Reuters) - EFG Eurobank (EFGr.AT) said it became the first Greek bank since the beginning of the country's debt crisis to use Greek government bonds as collateral to tap the interbank market.
Greece's second-largest lender has borrowed 300 million euros ($417 million) for two years from a non-Greek investment bank against government bonds, it said on Monday without naming its partner.
The charge for the financing was euribor plus a spread below 200 basis points, it said.
"Eurobank last week successfully completed the first Greek government bond refinancing transaction by any Greek bank on the international interbank market," Eurobank said.
With this deal and another 200 million euros raised by using foreign bonds as collaterals, Eurobank has recently raised a total 500 million euros from the interbank market, it said.
Greek banks, hit by the country's debt crisis, have been shut out from wholesale funding markets as their bond portfolios were damaged by successive sovereign credit rating downgrades, forcing them to rely on the ECB to refinance their operations.
Latest data showed ECB funding to Greek banks rose to 94.3 billion euros in September from 49.7 billion at the beginning of the year. [ID:nATH005740]
The yield spread of 10-year Greek government bonds over benchmark Bunds GR10YT=TWEB DE10YT=TWEB has been narrowing over the past weeks, on positive news including comments by the IMF saying rescheduling bailout repayments was an option.
The spread stood at 667 basis points on Monday, down from more than 900 bps in early September.
National Bank (NBGr.AT), Greece's biggest lender, last week successfully tapped shareholders for a total 1.8 billion euros, saying this was paving the way for a full return to the interbank market, perhaps as early as this year.
***
Anche qui riportato da Reuters ...
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Hedger
Nuovo forumer
Non capisco la ragione per cui i TdS Irlanda e Portogallo, in assenza di news di rilievo, hanno invertito rotta dal giorno in cui si è arrestata la crescita dei TdS Grecia.
Sono solo di circa tre giorni, si tratta solo di qualche pb, ma finora è accaduto.
Ho sempre pensato che le quotazioni dei TdS di questi tre emittenti fossero fortemente correlate... per questo breve lasso di tempo sembra di no.
Ne sapete qualcosa?
Sono solo di circa tre giorni, si tratta solo di qualche pb, ma finora è accaduto.
Ho sempre pensato che le quotazioni dei TdS di questi tre emittenti fossero fortemente correlate... per questo breve lasso di tempo sembra di no.
Ne sapete qualcosa?
tommy271
Forumer storico
C'è un calo di tensione sui periferici, lo stiamo osservando da giovedì scorso. Specie sul Portogallo mi sembra più profonda.
La correlazione c'è ... però la correzione sui GGB la definirei inevitabile, dopo 15 sedute positive ininterrotte.
Domani asta dei Bot/Greek a tre mesi: sarà un'altro esame.
Hedger
Nuovo forumer
Sì, per il Portogallo ho appena trovato e postato il commento di Moody's a supporto di questa tesi.
tommy271
Forumer storico
Per il Portogallo dobbiamo aspettare la definitiva approvazione del "pacchetto crisi" da parte del Parlamento.
Qui il quadro politico è debolissimo.
tommy271
Forumer storico
Roubini: Slightest External Shock May Derail Greece
The slightest external sock may prove fatal for Greece’s effort to puts its fiscal situation in order, NYU professor Nouriel Roubini told Capital magazine, Bloomberg reports.
“The slightest external shock suffices” to derail Greece’s efforts to fix its budget deficit, Roubini said in an interview.
He also noted that Germany’s drive for austerity is “fatal” for Europe’s largest economy and warned that Chancellor Angela Merkel should take advantage of Germany’s ability to borrow money cheaply and “should only start to consolidate when the rest of Europe is in better shape,” Roubini is cited as saying.
(Capital.gr)
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Mi sembra leggermente più positivo, rispetto ad un paio di mesi fa ...
The slightest external sock may prove fatal for Greece’s effort to puts its fiscal situation in order, NYU professor Nouriel Roubini told Capital magazine, Bloomberg reports.
“The slightest external shock suffices” to derail Greece’s efforts to fix its budget deficit, Roubini said in an interview.
He also noted that Germany’s drive for austerity is “fatal” for Europe’s largest economy and warned that Chancellor Angela Merkel should take advantage of Germany’s ability to borrow money cheaply and “should only start to consolidate when the rest of Europe is in better shape,” Roubini is cited as saying.
(Capital.gr)
***
Mi sembra leggermente più positivo, rispetto ad un paio di mesi fa ...
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