PIRAEUS FINANCIAL HOLDINGS S.A.
New Euro 500 million 5-Year bond issue successfully launched
Piraeus Bank announces the particularly successful launch of its new 5-Year senior bond issue in the amount of Euro 500 million. The bond was issued under Piraeus Bank''s Euro Medium Term Note (EMTN) programme and the issuer is the Bank''s subsidiary Piraeus Group Finance PLC. The international markets received the bond with great interest and the orderbook reached Euro 750 million. A total of 73 investors from 18 countries participated resulting in 75% of the amount being distributed to financial institutions and investors abroad. This bond complements Piraeus Bank''s benchmark yield curve and re-enforces Piraeus Bank status as an issuer in the international markets. The new 5-year bond is a floating rate note (FRN) with a coupon of Euribor + 25 basis points and shall be listed on the Luxembourg Stock Exchange. The transaction was lead-managed by Deutsche Bank, HSBC and Natexis Banques Populaires.