Piraeus awaits ECB verdict on CoCo coupons
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Piraeus awaits ECB verdict on CoCo coupons

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Piraeus Bank expects to hear from the Single Supervisory Mechanism (SSM) this month about whether it can pay the annual coupon on its contingent convertibles (CoCos) in cash. A failure to honour the payment will result in the Greek state-held bonds being converted into equity.

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