Piraeus to offer T2 amid supportive market conditions

David Freitas

June 13, 2019 07:15 pm

Piraeus_PA_230x150 — A customer leaves a Piraeus Bank branch. Greek banks have re-opened three weeks after they were closed by the government and capital control was introduced in Greece. They only offer a limited number of transactions for the time being and withdrawal is still limited to 420 Euro per week. Athen, Greece, July 20, 2015. Photo by Michael Debets/Pacific Press/ABACAPRESS.COM | Debets/ABACA/PA Images

Greece's Piraeus Bank said on Thursday that it would issue a tier two bond with a 10 year non-call five maturity, after announcing last year that it was waiting for the "right timing" to make good on capital strengthening plans agreed with the European Central Bank.

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Topics

Bank Capital Greece Europe EMEA FIG

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David Freitas