Piraeus readies T2 as Greek rally rolls on

By David Freitas
10 Feb 2020

Piraeus Bank has mandated lead managers for the sale of a new tier two, as it looks to follow the success of its compatriot Alpha Bank. Greek banks have emerged as big winners in the secondary market recently, with investors shrugging off risks and focusing on ‘only the positives’.

Piraeus Bank announced on Monday that it was looking to sell a tier two bond with a 10 year non-call five maturity structure.

The Greek lender picked Goldman Sachsand UBSto act as global coordinators and joint bookrunners for the deal, while BarclaysBNP ParibasCredit SuisseNomura and UBS will also ...

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