Greece will today proceed with an auction for the reopening of GGB 36

Macro/Political:

• Greece will today proceed with an auction for the re-opening of the GGB 3.375% with maturity June 16, 2036 (ISIN GR0124042764). The amount to be auctioned is up to EUR 250mn. This operation comes to satisfy investors’ demand, also facilitating secondary market’s operation.
  Source:PDMA

• The IMF, in its World Economic Outlook, expects Greece’s growth to be 1.8% in 2026 and 1.7% in 2027. Furthermore, inflation is projected to stand at 3.5% in 2026 and 2.7% in 2027. Unemployment is expected to be 7.4% in 2026 and drop further to 7.1% in 2027. The current account deficit is projected at 6.4% of GDP in 2026 and 5.7% of GDP in 2027.
  Source: IMF

• According to statements by the Greek Energy Minister, ExxonMobil, Energean, and Helleniq Energy will sign a contract today with Stena Drilling to begin exploratory drilling in an offshore block in western Greece. The consortium is expected to proceed with drilling in February 2027, a ministry official said, marking the country’s first offshore exploration drilling in 40 years.
  Source: Reuters

Markets:

• Bally’s Intralot announce that its Canadian subsidiary, has signed a new contract with the British Columbia Lottery Corporation for the provision of Shared Services, an integrated model governed by BCLC, to accelerate the continued evolution of its lottery technology and to strengthen lottery operations, for the benefit of players across the province.
  Source: ATHEX

• Eurobank raised EUR 400 mn at a yield of 3.5% through the issuance of fixed-rate senior preferred bonds due in 2029. The notes were issued via a private placement arranged with Morgan Stanley, and the proceeds will support Eurobank’s strategy to ensure continued compliance with MREL requirements.
  Source: ATHEX

Macro/Political:

• The IMF, in its World Economic Outlook, expects Cyprus’s growth to be 3% in 2026 and 3% in 2027. Furthermore, inflation is projected to stand at 2.6% in 2026 and 1.6% in 2027. Unemployment is expected to be 4.6% in 2026 and 4.7% in 2027. The current account deficit is projected at 9.3% of GDP in 2026 and is expected to be 10.3% of GDP in 2026.
  Source: IMF