Greek Companies Avoid the ‘G’ Word to Access Bond Markets Abroad
Prime Minister Alexis Tsipras, creditors and euro-area leaders are in 11th hour talks to keep Greece in the euro. The country’s bailout program is due to end next week.
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Greece has become such a dirty word in international debt markets that companies are shunning any links to the country to access funds.
Globo Plc, the technology company formed by Costis Papadimitrakopoulos in Athens in 1997, has met investors in London and New York since June 19 as it seeks to sell $180 million of senior secured notes due 2020, according to an offering memorandum seen by Bloomberg. The London-listed maker of mobile-device software plans to use funds to refinance existing debt and make acquisitions in the U.S. and Europe.