Greece

The books are covered at the final guidance of €5.30 a share, say sources

Fully marketed offering for 20% of NBG will halve the government's holdings in the bank

The Greek government plans to list Athens International Airport in the first quarter of 2024

Spread to Bunds tightens after improved public finances trigger lift to BBB-

◆ Both deals are expected to price as early as Tuesday ◆ Unlikely to compete for demand due to differing ratings and buyer bases ◆ NBG will print the first Greek bond after Moody’s rating upgrades

Rare two-notch uplift follows returns to investment grade with Scope and DBRS

The southern European sovereign is also on the threshold of an IG rating from an ECB-recognised agency

Sovereign gets four times subscription in 'volatile' conditions on same day as EU

Baden-Württemberg adds to swollen Länder supply with rare floater

Long-dated bonds to be tapped and issued, Greece mounts tender offer

◆ Issuer achieves size and investor diversification ◆ Price and yield compressed since last year ◆ Worse market forces Greek bank debt wider

◆ Abanca surprises some with early AT1 refi via tender ◆ Piraeus looks to ride warm reception for Greek assets ◆ Different investors expected to support both deals