The Greek Deal.com
SENIOR PREFERRED BOND
Strong investment interest in the senior preferred bond from more than 110 fund managers
Piraeus Bank successfully priced a €500mn Senior Preferred Bond
Over €1 billion bids for the senior preferred bond
Books open on Piraeus Bank senior preferred bond.
Issues senior preferred 6-year bond
Piraeus Bank issues Tier 1 bond with a maturity of 6 years
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
Starts book building process - Interest rate at 7.125%
The new senior preferred bond has a maturity of six years with the option for redemption after five years and will be listed on the Luxembourg Stock Exchange
Offers from 101 investors for the senior preferred bond
The bond matures on 28 November 2029 and is callable at par on 28 November 2028 (6NC5), offering a coupon of 5.875% per annum
Offers for the senior preferred bond surpassed €1.6 billion
The final interest rate was set at 5.875%, significantly lower than the initial rate, which was initially set at 6.25%.