Corporate bonds, new listings in the pipeline for the Athens bourse

At a time of huge changes in many industries, amid acquisitions, deals and new business agreements, Greek companies show that they are adjusting in a bid to take full advantage of the strong momentum that Greek assets have. In the midst of this situation, the Athens stock market is coming to the fore again as a lever for the growth of companies and as a mechanism for providing liquidity for listed and non-listed companies.

Thus, with additional liquidity of more than 500 million euros from four new corporate bonds, the Athens bourse is expected to close in 2021, a historic year seen as being the most profitable and most fruitful of many years.

At the same time, important developments are underway for the first half of 2022, with new listings to the Alternative Market, two new shipping bonds, while for the first time a large food retailer will also issue a bond. At the same time, within the first half of 2022, a large hotel group is expected to be listed on the Main Market.

This is a very important development, as the tourism and hospitality sector in Greece - although being strong - are still not sufficiently represented on the stock exchange. Besides, the only listed hotel group now is Lampsa (Great Britain, King George, Athens Capital Hotel), after the departure of GEKE (President) and formerly of the Ionian Hotel (Hilton).

Within coming months, Eurochartiki is expected to be listed on the ATHEX.It will be the first industrial company to be listed on the ATHEX. after many years, breaking a 15-year negative streaks, where the market has been losing companies without them being replaced. The company belongs to the families of N. Christopoulos and I. Trakakis and the listing will be done with a share capital hike and a rights issue.

Four bond issues

At the same time, according to stock exchange and banking sources, four new corporate bonds are being launched for 2021, which in total will raise liquidity over 500 million euros. Next week (Monday to Wednesday) a five-year shipping bond of the company Capital Product Partners (CPLP) owned by Vangelis Marinakis, will be sold which aims to raise up to 150 million euros.

Then, with the issue of a bond up to 200 million euros, the group GEK TERNA is preparing to support its huge investment program that is running, while two real estate investment companies will also list corporate bonds on the ATHEX. They are Premia Properties and Noval AEEAP, which belongs to the Viohalco group. Premia is in a strong development phase after the entry of the new investor Elias Georgiadis, having upgraded its portfolio.

Noval AEEAP has a portfolio of 40 properties with a fair value of 390 million euros, increased by 29% compared to the first half of 2020. Finally, the issuance of a bond with listing on the ATHEX. thinks of a large company, a subsidiary of a leading industrial - metallurgical group in order to support the investments.

In the new year, three to four listings on the ATHEX Alternative Market are being planned, one of which is R Energy 1 by George Rokas,
R Energy 1 was founded in 2011 and since 2016 is listed on the CSE of Cyprus. Now, it is launching its entry in the Alternative Market Plus of the ATHEX, with the contractor the Cypriot Aeonic Securities. As for the other companies that will be introduced in the Alternative Market, they come from the field of trade, technology while one is a start-up.