Greek companies and the state have already drawn almost €20 billion from the markets so far this year, with the role of international institutional investors being catalytic and a strong vote of confidence in the growth prospects of Greece’s listed companies and in the resilience of the Greek economy.
Corporate moves completed or already announced and to be completed within July amount to €12.4 billion and include equity increases/private placements, dividend reinvestments, bond issues and public offerings. The amount concerns financing either in the Greek market or in the foreign markets, as well as the bond issuances that Greek banks have undertaken this year.
In this strong performance, the leading role is played by the share capital increases, which has exceed €6.8 billion, with the €4.25 billion PPC share capital increase – the largest amount of private capital placed in a public offering of a Greek listed company – standing out. It also paved the way for those that followed (ADMIE, GEK Terna) and will follow (Aktor, ElvalHalcor), while CrediaBank, Trastor, Y/KNOT and Q&R preceded it this year.
As for the remainder, €1.2 billion concerns the financing that non-financial companies have raised, and have announced that they will raise, via bond issues.
