Moody’s: National Bank’s Green Bond Issue Credit Positive for the Bank

ATHENS — The issuance of a senior green bond by National Bank of Greece is credit positive for the bank, Moody's said in a report on Thursday. In an announcement, Moody's said the green bond will improve the bank's liquidity and pave the way for similar issues in the future to cover minimum required eligible liabilities (MREL) to implement the bank's strategy on the green economy.

The credit rating agency expects other Greek banks to follow with similar issues of green bonds and said that green bond issues grew 74 pct in 2019 in Europe compared with the previous year, totaling 104 billion euros. "Despite the relatively high cost of the bond based on EU standards and the very low or negative interest rates currently in Europe, the issue reflects an improving funding profile and increasing deposits in the bank."


ATHENS — Greece has promised to return to a budget surplus in 2023, submitting its first spending blueprint in 12 years that is not under the direct scrutiny of European bailout lenders.

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A pregnant woman was driving in the HOV lane near Dallas.

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FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Sounds of Cyprus Performed Live in Times Square (Video)

NEW YORK – Talented artists Elena Chris, Peter Douskalis, and Alex Tasopoulos performed a concert of Cypriot music for New Yorkers and tourists in the center of the Big Apple, Times Square.

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