Marfin offers premium after Greeks widen
Marfin Popular Bank is in the market on Monday with a Eu500m three year deal led by BNP Paribas, DZ Bank, Lloyds Banking Group, Morgan Stanley and UniCredit. With guidance of 230bp, the book had exceeded Eu500m by 10.45am London time.
Rated A3/BBB+, the Cypriot bank is offering a premium on last weeks Greek supply. Piraeus Bank issued a three year deal last week with a spread of 200bp. The guidance was refined from 225bp-240bp to 230bp.
Marfin is smaller and not too well known, said a banker away from
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