NBG issued a new green senior preferred bond.

Macro/Political:

• The Overall Industrial Production Index in May 2025 recorded a decrease of 2% (y-o-y). The Overall IPI in May 2024 increased by 6.8%(y-o-y). The seasonally adjusted Overall Industrial Production Index in May 2025 recorded a decrease of 0.4% compared with April 2025 (m-o-m).
  Source: ELSTAT

Markets:

• NBG announced the launch on 10 July 2025 of voluntary cash tender offers in respect of its EUR 500 mn 2.75% Green Fixed Rates Resettable Unsubordinated MREL Notes due 2026(ISIN: XS2237982769) and its GBP 200 mn 8.75% Fixed Rate Resettable Unsubordinated MREL Notes due 2027 (ISIN: XS2562483441).
  Source: ATHEX

• NBG raised EUR 750mn at a yield of 2.903% (MS + 78 bps) through the issuance of a 4NC3 green senior preferred bond. Demand was very strong with the final orders’ book closing above EUR 5.5bn.
  Source: ATHEX

• Alpha Bank announced that its 1H25 Financial Results will be published on Friday August 1, 2025.
  Source:ATHEX

• Motor Oil and GEK TERNA announced to the investment public, that on July 10 they signed a binding agreement for the establishment of a joint venture, through the contribution of assets by both companies, which will operate in the markets of power generation from natural gas thermal plants and supply of electricity and natural gas.
  Source: ATHEX 

• The new name of the merged banking institution formed by Attica Bank and Pancreta will be Credia Bank. The new name was announced by the institution’s CEO, Mrs. Eleni Vrettou.
  Source: Capital.gr

Macro/Political:

• Provisional data released by CyStat showed that in the period of January-May 2025 the trade balance was in deficit of EUR 3,256 mn compared to a deficit of EUR 3,180.5mn in the corresponding period of 2024. Total imports of goods in May amounted to EUR 1001.8mn (-5.5% y-o-y) while total exports were EUR 319.7mn (-7% y-o-y).
  Source: Cystat