Credit Europe Bank to swap outstanding T2 for new issue

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Credit Europe Bank to swap outstanding T2 for new issue

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The Credit Europe Bank and the Piraeus Bank are seen in the city centre of Bucharest, Romania, 26 November 2013. Photo: Friso Gentsch/dpa | Friso Gentsch/DPA/PA Images

Credit Europe Bank NV (CEB) announced on Thursday that it was mandating banks for a dollar deal, calling an outstanding bond, and spinning off its Russian subsidiary.

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