Hunt for yield hits new high as Piraeus lands second tier two

By David Freitas
12 Feb 2020

Piraeus Bank took advantage of the recent hunt for yield in the euro market this week, pricing a new tier two with a yield of 5.5% on Wednesday. The €500m bond was eight times subscribed, which is testament to the prevailing hunt for yield in the bond market.

Piraeus said on Monday that it was looking to sell a 10 year non-call five tier two bond — its second deal in the asset class since the financial crisis.

The Greek bank picked Barclays, BNP Paribas, Credit Suisse, Goldman Sachs, Nomura and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.