Two of our lawyers, Effie Papoutsi, Partner, and Georgia Koutsoukou, Counsel, have authored the Greece chapter of Lexology Panoramic – Debt Capital Markets, offering a clear, practice-driven view of the Greek legal framework for capital markets.

Some highlights from their analysis:

🔹 Corporate bonds lead the market
Public corporate bond issuances listed on ATHEX remain the dominant instrument, with large Greek corporates frequently raising €100m+, attracting both institutional and retail investors through electronic book-building.

🔹 Unsecured, but carefully structured
While most bonds are unsecured, market practice increasingly includes parent guarantees and debt service reserve accounts (DSRAs) to enhance investor protection.

🔹 Efficient yet robust regulation
A typical public bond issuance in Greece is completed within 6–8 weeks, combining EU-level disclosure standards with focused supervision by the Hellenic Capital Markets Commission (HCMC).

🔹 Private placements offer speed
Private bond offerings remain an attractive alternative, often completed in 2–4 weeks, without the need for a prospectus.

🔹 What’s new
Recent reforms introduce tax incentives for listed bonds, facilitate amendments to bond loan programmes and implement the EU Green Bond Regulation, strengthening Greece’s sustainable finance framework.

🔹Why this matters
Greece’s debt capital markets have evolved into a credible, regulated and investor-friendly platform, offering meaningful opportunities for issuers, banks and investors alike.

Download and read the guide here: https://lnkd.in/gNtY7372