Greek stock market draws record foreign capital as DEI raises €18bn and government bonds attract €36bn

Foreign investors continued to show strong appetite for Greek assets, accounting for 68.5% of the portfolio value and 71.6% of total transactions in May. Their participation in market liquidity rose to 64% in 2025, up from 50.8% in 2020.

The public‑utility group DEI announced a capital increase of €4.25 bn that was oversubscribed, with €18 bn offered. A subsequent raise for ADMIE followed, further shifting the country’s energy map. On the sovereign side, a 10‑year Greek government bond was re‑issued, attracting €36 bn of orders.

The heightened inflows have boosted the Athens Exchange’s liquidity, positioning it within Euronext’s “Super League 1” of developed markets. Analysts expect the market to support more than €6 bn of capital raises in the coming six months, with total funds raised projected at €2.5 bn for 2025, potentially eclipsing the €5 bn raised in 2024. Prospects include additional IPOs and listings of maritime companies such as Safe Bulkers.