Reuters quotes Attica Bank Deputy CEO Thanasis Tsadaris on Thursday as saying the Athens-based non-systemic bank is considering the prospect of issuing bonds guaranteed by the Greek state as collateral in order to borrow from the Bank of Greece’s emergency liquidity facility (ELA).
“We will issue 380 million euros of such bonds to have a comfortable collateral cushion for tapping the central bank's ELA (emergency liquidity assistance) window," he was quoted as telling Reuters.
