Strong demand for Piraeus Bank bond issue

Wednesday, 19 June 2019 19:33
REUTERS/Yorgos Karahalis
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A Tier II bond issue of Piraeus Bank shares attracted strong interest by investors on Wednesday, with the yield falling below 10 percent, and with total bids exceeding 800 million euros, of which the systemic bank drained roughly 400 million euros at a rate closing at 9.75 percent.

The initial target for the offering was 300 to 350 million euros and at an interest rate revolving at 10 percent.

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