Piraeus Bank: It drew 500 million euros at 5%

The issuance and distribution in international markets of the three-year bond from Piraeus Bank, of 500 million euros, for the pumping of mid-term liquidity was completed today with great success. The new bond is of a fixed rate and carries an annual coupon rate of 5%.

The book of offers that was kept open for a few hours brought a total interest that exceeded 3 billion euros (six times more than what was demanded). 240 institutional investors from 25 countries took part, confirming the impact of the issuance to the international investment community.

This issuance proves the confidence of the markets in Piraeus Bank and the prospects of the Greek economy as it is the first principal debt bond from a Greek bank issued since 2009, an announcement of the bank said.

Through this issuance, Piraeus Bank regains access to the international debt capital markets, diversifying its sources of liquidity and strengthening the goal to support the recovery of Greek entrepreneurship.