Milbank LLP partner Apostolos Gkoutzinis moderated a panel discussion on ‘Greece’s foray into the international debt and equity capital markets’ at the ‘23rd Annual Capital Link Invest in Greece New York Forum: A New Era – a New Direction for Greece’ on Monday 11 April 2022. Representatives from BNP Paribas, Citi, Goldman Sachs, HSBC Greece, Public Power Corporation of Greece and Public Debt Management Agency took part in the panel under Apostolos’ moderation.
Mr. Gkoutzinis commented that: “The financial environment globally is subject to a number of challenges, including rising interest rates, energy prices and geopolitical risks. Greece is financially stable and offers very attractive opportunities for investor yield across a number of sectors. In the new environment, Greek companies will have opportunities to finance their operations and refinance their debt, but more intensely than ever, there will be a flight to quality, strong management teams, and strong business plans. Investors will be selective and honest and potential capital markets issuers will need to be prepared and thoughtful.“
Forum Overview
Capital Link Invest in Greece Forum: A New Era – A New Direction for Greece: Greece has made a dynamic comeback in the global capital markets and the global investment community, but this is the first step. Looking ahead, despite the challenges stemming from the pandemic, there is a new reality and potential in Greece today. "Modernization and Investments" are at the heart of the "Greece 2.0" program, the largest plan developed in the modern history of the county, which aims to change the economy model, transforming it into a competitive and extroverted one, with a digital and efficient state. The approximately EUR 31 billion that will be disbursed by the Recovery and Resilience Facility - in addition to the funds from the European Development Programs included in the new EU budget for the period 2021-2027 – can be the foundation for Greece to attract the significant and additional foreign investments that the country needs.
The video of the panel is available at: https://youtu.be/D-1E68xME-Q
The “Capital Link Invest in Greece Forum” is an International Summit about Greece hosted in New York, organized in cooperation with the New York Stock Exchange and major global investment banks. It is the longest-running investment forum about Greece abroad, engaged in a systematic effort to promote Greece as a business and investment destination to a global audience.
