Greece's Piraeus Bank raises 500 mln euros with senior bond issue

Piraeus Bank SA

06/07/2023 13:23

ATHENS, July 6 (Reuters) - Piraeus Bank, part of Piraeus
Financial Holdings  BOPr.AT  and one of Greece's four largest
lenders, raised 500 million euros  ($545 million) from a senior
bond issue on Thursday, according to a source involved in the
deal.
    The yield on the bond, which has a five-year duration, was
set at 7.25%, lower than the initial pricing of 7.37%, the
source said.
    Bids topped 900 million euros, meaning that the initial
amount of 400 million euros was oversubscribed more than two
times.
    Commerzbank, Goldman Sachs Bank Europe SE, IMI-Intesa
Sanpaolo, JP Morgan and UBS Investment Bank were joint
bookrunners. 
    ($1 = 0.9179 euros)

 (Reporting by Lefteris Papadimas; Editing by David Holmes)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))