National Bank tapped debt markets for 500 million euros 10.25NC5.25 Tier 2 bonds. The coupon came in at 8.0%. The notes contribute around 136 bps to the NBG’s total capital and increases its MREL to 23.85%, 116 bps above its January 2024 interim target.

Equities in Athens ended slightly higher in a volatile session, where the general index visited both territories several times. Stock picking was the day’s trading pattern.

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Greece’s retail businesses posted a 12.3% annual rise in their July turnover, to 3.94 billion euros, available monthly data from statistics office ELSTAT showed. On a monthly basis, retail turnover rose 5.5%.

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Stock in Athens were marginally higher in early trade, reversing mild losses at open. European bourses opened lower as negative momentum remains in the region.

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