Piraeus Bank Successfully Completes 500-Million-Euro Bond Issue

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Piraeus Bank officially announced the successful issue of a 500-million-euro Tier 2 bond with institutional investors at a coupon of 5.50 percent on Thursday.

The bond, which has a maturity of 10 years and an embedded issuer call option after 5 years, will be listed on the Luxembourg Stock Exchange.

The issuance follows a two-day marketing period which received significant investor interest with a final order book in excess of 4 billion euros from more than 350 investors.

The bond issue marks…

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Source: Greekreporter

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