Optima Bank is expected to raise EUR 150 million today through the issuance of a Tier 2 bond.

Macro/Political:

• In a report Scope Ratings noted that Greece has made significant strides in its debt management and now, more than ever need to develop its still shallow bond market, which is crucial to improving liquidity and ensuring its long-term debt sustainability and the economy’s resilience to external shocks. According to the agency increasing the share of tradeable securities in Greece’s borrowing mix, while keeping fiscal discipline, would strengthen the sovereign financing framework even if it relies on a potentially more volatile investor base, private domestic and foreign investors, than the official European Sector.
• Source: Kathimerini

Markets:

• Optima Bank will today proceed with the issuance of a EUR 150mn (exp.) 10.25NC5.25 Tier 2 bond.
  Source: Bloomberg

Macro/Political:

• The arrivals of tourists reached 479,160 in May 2025 compared to 421,400 in May 2024, recording an increase of 13.7%. For the period of January – May 2025, arrivals of tourists totalled 1,344,486 compared to 1.170.214 in the corresponding period of 2024, recording an increase of 14.9%.
  Source: CyStat 
• President of the Laiki Bank Depositors Association, Adonis Papakonstantinou, stated that the only remaining step before payments begin to depositors affected by the 2013 haircut is the approval of the resolution agreement by Parliament, which is scheduled for Thursday. He also noted that the total budget of the National Solidarity Fund for this year is EUR 100 million. This is the fund that will be used to compensate those depositors. Furthermore, Mr. Papakonstantinou pointed out that Parliament is widely expected to vote in favour of the resolution, as the majority of political parties have demonstrated support for proceeding with the payments.
  Source: EconomyToday