The Greek Deal.com
PIRAEUS BANK
New goals and the deferred tax
Piraeus Bank is planning a high shareholder reward, as the bank's CEO, Christos Megalou, told analysts.
€932 million profit in 9 months - Higher target for 2024
Piraeus Bank announced a historically high adjusted net profit of EUR 932 million for the first nine months of the year.
Sale of a €350 million NPE portfolio
Piraeus Bank has completed the sale of a portfolio of non-performing loans to a business run by Waterwheel Capital Management LP, with a gross book value of roughly €0.35 billion at the cut-off date.
Entering the markets with a long-term bond
Piraeus Bank is expected to issue a Tier 2 bond maturing in 11 years and callable in six years, according to Reuters.
Successfully priced a €650mn Green Senior Preferred Bond with a yield of 4.625%
According to an announcement, Piraeus Bank has successfully finished pricing a new €650 million High Priority Green Bond with a yield of 4.625%, drawing interest from a sizable number of institutional investors.
Launches a 5-year green bond offering on the market
Piraeus Bank will soon introduce a green five-year bond to the market.
Considering the deal Piraeus Bank-MIG for late submission of merger notification
The Competition Commission is examining Piraeus Bank acquisition of exclusive control over MIG to ascertain whether the merger notification was filed beyond the deadline.
Revises Piraeus, Eurobank, NBG, Alpha Outlook to Positive
Fitch states that the outlook upgrade reflects the assessment that the upgrade of Greece's credit rating to investment grade will benefit the operational environment of the banks.
Upgraded Piraeus Bank to BB
The credit rating of Piraeus Bank has been upgraded to BB from B (high) by DBRS, with stable prospects.
To foreign institutional investors 77% of the €500 million senior preferred bond
The Bond has a maturity of six (6) years and an embedded issuer call option after five (5) years. Settlement will take place on 5 December 2023 and the notes will be listed on the Luxembourg Stock Exchange’s Euro MTF market
Bids exceeded €1.6 billion
The bank raised 500 million euros, and the offers exceeded 1.6 billion euros, covering more than three times the desired amount.