PIRAEUS FINANCIAL HOLDINGS S.A.
New euro 500 million 2-Year bond issue successfully launched .
Piraeus Bank announces the particularly successful launch of its new 2-Year senior bond issue in the amount of euro 500 million, without guarantee. 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 exceeded euro 1.25 billion in a few hours (2.5 times oversubscribed). A total of 96 investors from 15 countries participated, resulting in 60% of the amount being distributed to 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 2-year bond is a fixed rate note with a coupon of 4.50% and shall be listed on the Luxembourg Stock Exchange. The transaction was lead-managed by Citigroup, Deutsche Bank, HSBC, and Merrill Lynch.
The international markets received the bond with great interest and the orderbook exceeded euro 1.25 billion in a few hours (2.5 times oversubscribed). A total of 96 investors from 15 countries participated, resulting in 60% of the amount being distributed to 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 2-year bond is a fixed rate note with a coupon of 4.50% and shall be listed on the Luxembourg Stock Exchange. The transaction was lead-managed by Citigroup, Deutsche Bank, HSBC, and Merrill Lynch.