Piraeus Bank to price equity offering at 1.15 euros per share

Euroxx Securities SA

23/04/2021 08:47

ATHENS, April 23 (Reuters) - Piraeus Bank  BOPr.AT , one of
Greece's four big lenders, will price its stock offering at 1.15
euros per share, at the upper limit of an indicated range,
raising a total of 1.38 billion euros ($1.66 billion), sources
close to the transaction told Reuters on Friday.
    Piraeus Bank launched the equity offering to raise between
1.2 billion and 1.38 billion euros via a placement with
international investors and a domestic public offering. 
    "The international placement was locked at 1.15 euros per
share and that will be the pricing of the domestic offering,"
one of the sources said.
    The bank will issue 1.2 billion new shares and will allocate
85% to the international placement and the remaining 15% to the
domestic public offering.
    Piraeus Bank declined to comment.
    Goldman Sachs and UBS were joint global coordinators and
joint bookrunners with BNP Paribas, JP Morgan, Morgan Stanley,
Ambrosia Capital, AXIA, Euroxx Securities and Piraeus
Securities.
    
    

($1 = 0.8302 euros)

 (Reporting by George Georgiopoulos; editing by James Mackenzie)
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