GREECE
Macro/Political:
• The Greek PDMA announced that during the 26W T-Bills auction of EUR 500mn which took place yesterday, the total bids reached EUR 956mn and the amount finally accepted was EUR 600mn at a uniform yield of 1.74% (vs 1.90% in the previous 26W T-Bills auction in April 2025).
Source : PDMA
• In February 2025, the number of issued building permits in Greece amounted to 2,142 (-21.9%, y-o-y). During the period March 2024- February 2025, Total Building Activity (private public) in Greece recorded a 5.6% increase in the number of issued building permits compared to the corresponding period from March 2023- February 2024.
Source: Elstat
Markets:
• Eurobank raised EUR 500mn at a yield of 6.625% through the issuance of a PerpNC6 AT-1 bond. The final orders’ book closed above EUR 4bn.
• Alpha Bank announced that, in accordance with a public statement by UniCredit on 28 May 2025, UniCredit has increased its overall stake in Alpha Bank to 20%. This increase reflects the strong belief in the significant potential of the Strategic Partnership between the two institutions.
Source: ATHEX
