Piraeus Bank announces that it has successfully completed the issue of a Lower Tier 2 subordinated bond in the amount of Euro 400 million under its Euro Medium Term Note (EMTN) Programme through its subsidiary Piraeus Group Finance Plc. The new bond has a maturity of 10 years and is callable by the issuer after 5 years. It bears a coupon of Euribor + 55 bps and will be listed on the Luxembourg Stock Exchange. The bond issue was well-received by the international investment community and surpassed the 500 million mark (1.25 times oversubscribed). Despite the fact that the transaction was announced and priced within 48 hours, a total of 62 investors participated from 16 countries, thus verifying the recognition of the Piraeus Bank name in the international investment community. This bond issue further strengthens Piraeus Bank's capital base, while increasing the tenor of its outstanding debt. Mandated jointly to lead arrange the issue were the international investment banks Barclays Capital, Goldman Sachs International and Morgan Stanley & Co. International Limited, as well as Alpha Bank (Joint Lead, no books).