Piraeus Bank
Launches a 5-year green bond offering on the market
Piraeus Bank will soon introduce a green five-year bond to the market.
Christos Megalou, CEO Piraeus Bank
In the near future, Piraeus Bank will enter the markets with a green five-year bond. The bank has mandated BNP Paribas as Sole Green Structurer and BNP Paribas, BofA, Commerzbank, HSBC, and Intesa Sanpaolo as underwriters of the issue.
The issue is a 5-year issue with a maturity of 5 years, callable at the earliest in 4 years (5NC4).
The proceeds are expected to be used to finance and/or refinance the bank's green assets and further strengthen the MREL asset base.
The transaction is expected to take place in the near future, depending on market conditions, and the security is expected to receive a Baa3 rating from Moody's.
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