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Greece Sells Majority Stake of Public Power Corporation
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Public Power Corporation sells second set of ESG-linked notes
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Mitsotakis, Zaev Review Major Investments Between Greece and North Macedonia
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Mitsotakis and Zaev review major investments between their countries
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Zaev is in Athens to participate in the Delphi Economic Forum VI, based at Zappeion Hall.
At their meeting, which was also attended by the Foreign Affairs Minister and Deputy Minister, Athens reiterated its support for its northern neighbour to ascend into the EU.
However, this was contingent to established rules, respect of good neighbourly relations, and the faithful adherence to the obligations set out at the Prespas Agreement the two countries signed in 2018.
On his side, Zaev called Greece “our main neighbour and our strategic partner,” and said that his country “has no other option, as is true of other West Balkan countries, beyond a future in the European Union.”
By Owen Sanderson
08 Mar 2021
After a couple of weeks of sluggish issuance during earnings season, there were three new European high yield bond mandates on Monday, including an innovative sustainability-linked issue from Greece’s Public Power Corporation a step forward for the structure, which has been slow to catch on in the HY market. While sustainability-linked margin ratchets are becoming an increasingly common sight for leveraged loan investors, their public bond brethren in the high yield market have seen little supply with this structure. Aluminium company Constellium issued a $500m eight year earlier this year, with 12.5bp step-ups if it misses certain