Securities Issues in the Greek Capital Market
This section presents monthly data going back to 1995 on the issuance of debt securities and quoted shares in the Greek capital market.
The issues are broken down by the economic sector of the issuer and by the type of the security issued (fixed-rate issues, floating rate issues, short-term and long-term issues). The data published includes issues, redemptions and the outstanding amount of the securities. It should be pointed out that, in general, securities issued in foreign markets are not included in any of the tables. Issues by the government in foreign markets are included in the data as of January 2008. There is, therefore, a break in the time series at this point.
The figures on debt securities are in nominal values, whereas the figures on quoted shares are in market values. Data sources are the Ministry of Finance for the securities issued by the Greek government and the Athens Exchange for securities traded in the Exchange. For bank bonds the source of information is the relevant annex in the monthly balance sheet that credit institutions report to the Bank of Greece. In general, the data on securities issues do not include issues of corporate bonds by unlisted companies unless the issuing company makes a public announcement regarding the issue.
Data in Greek drachmas for the period prior to 2001 (i.e. prior to the adoption by Greece of the euro) have been converted to euro using the rule adopted by ECB: for the period 1.1.199 till 31.12.2000 (the period that the euro area existed but Greece was not a member of it) the conversion is based on the EUR/drachma exchange rate that prevailed at the time the data refer to. For the period prior to 1.1.1999 the conversion is based on the fixed exchange rate of 31.12.1998 i.e. 1 euro equals 329.689 drachmas.
The data are presented separately for the pre and post 1.1.2001 period:
Α. Data for the period after the entry of Greece into the euro area (2001- )
Β. Data for the period before the entry of Greece into the euro area (1995 - 2000)