Default rates fail to budge

The 12-month trailing global corporate speculative-grade bond default rate dipped to 1.2% in May from 1.25% in April, according to an article published by Standard & Poor’s.  The report, titled “Global Bond

Marfin Popular acquires Egnatia Cyprus

Marfin Popular Bank Public Co Ltd announced that it has agreed to acquire 49% of the share capital of Egnatia Financial Services (Cyprus) Limited, which is held by a number of shareholders. 

Bank of Cyprus to raise EUR 500 mln

Bank of Cyprus has received an approval by the Central Bank of Cyprus to proceed with the issue of Senior Debt of EUR500 mln. The issue will be part of the Bank’s