Macro/Political
• Greece mandated Barclays, BNP Paribas, Commerzbank, Eurobank, J.P Morgan and Piraeus Bank as Joint Lead Managers for the reopening of the existing GGB 4.125% 18/07/2038 (ISIN: GR0128017747) and the existing GGB 4.125% 15/06/2054 (ISIN:GR0138018842). The syndicated transaction will be launched today. In conjunction, Greece has mandated the same banks as Dealer Manager on current Switch and Tender Offer on its GGB 0 12/02/2026 and GGB 1.875 23/07/2026.
Source: Bloomberg
• Tomorrow, Prime Minister Kyriakos Mitsotakis, following the inauguration of the newly elected President of the Republic, is expected to announce the new government reshuffle.
Source: Naftemporiki.gr
Markets
• Piraeus Bank has entered into a share purchase agreement to acquire 90.01% stake in the parent company of Ethniki Insurance from CVC Capital Partners Fund VII. As per the signed share purchase agreement, the consideration for the transaction is EUR 600mn in cash, on a 100% basis.
Source: Piraeus Bank
