FIG bond market to host Greek revival
Greek banks are making the most of exuberant conditions in the financial markets in 2021, with Eurobank spying a golden opportunity to return to the senior FIG bond market this week. The next milestone is the country’s first additional tier one and, having just breezed through an equity raise, Piraeus is a prime candidate to open the market. Frank Jackman and Sam Kerr report.
Eurobank tapped investors on Tuesday to price its first ever preferred senior deal, while Piraeus Bank rounded off an equity raise last Friday.
Bankers said the market was now wide open for more FIG issuance from the country, as yield-starved funds hunger after new sources of returns.“Investors ...