The summer has begun energetically for companies on the Athens Stock Exchange, which raised over 1.3 billion euros in the final days of May and the early days of June.
This figure is expected to rise further, as several corporate transactions have been announced for the upcoming weeks.
The banking sector is particularly prominent, highlighted by Alpha Bank’s significant deal with UniCredit, which increased its stake in Alpha to 20%. Following this, four bond issues emerged from three different financial institutions.
The market is also anticipating a new issuance from a fourth bank soon, as part of the sector’s efforts to maintain strong capital adequacy.
Piraeus Bank and Eurobank took the lead just before the end of May, each raising 500 million euros through a “green” senior preferred security and an AT1 bond, respectively. The demand in the former reached 3.7 billion euros, while the latter saw bids totaling 4 billion euros, highlighting the appealing nature of Greek assets.
Last Thursday, Attica Bank marked its entry into international markets, successfully raising 100 million euros through its AT1 bond and an additional 150 million euros from the TRT bond issuance.
GEK TERNA has also garnered attention, with institutional investors acquiring 5.05% of its share capital at 19 euros per share, resulting in a transaction worth 99.3 million euros.
Shortly before that, Alumil completed a share placement, with the family of main shareholder George Mylonas selling 5% of their shares and raising 7.9 million euros to settle company debts.
Additionally, Profile conducted a smaller placement of 1.4% from its treasury shares, generating just over 2 million euros.
The investment community, eager for new shares, is also looking forward to the share capital increase of Ideal Holdings, which begins tomorrow and runs until Friday (June 11 to 13). The aim is to raise up to 48.8 million euros through the issuance of 8 million new shares at prices between 5.8 and 6.1 euros per share.
