Partner, Christina Papanikolopoulou, moderated a panel in the 19th Annual Capital Link Invest in Greece Forum in New York.
The Forum included panels touching upon all aspects of the Greek economy. Christina was the moderator of a panel discussing the issuance in the global capital markets of fixed income instruments by the Greek government, the Greek banks and Greek corporates.
Summarising the panel’s discussions, Christina stated that “following completion of the 2nd review of the ESM Programme in June 2017, the HR, Greek banks and corporates poked the international debt markets with encouraging results. The July sovereign bond and the PSI strip bonds swap, covered bonds by systemic banks and senior bond issuances by corporates attracted large mainstream investors. The market gears up for 2018 using as tip of its spear the positive projections for the economy’s outlook; key factors for upcoming Greek sovereign and private bond issues are the roadmap to Greece’s (conditional or clean) exit from the ESM Programme, the creation of a liquid market for the country’s approximately €100 billion NPEs and, foremost, continuous initiatives to generate sustainable income and return top positive credit growth”.
