Demand for bonds represents a vote of confidence for Piraeus Bank
PIRAEUS FNL HLD S/ADR (BPIRY)
NASDAQ:AMEX Investor Relations:
bloomberg.com/quote/bpiry:us
Company Research
Source: Business Wire
ATHENS, Greece--(BUSINESS WIRE)--First Tier 2 capital instrument issued in Greece as of 2008 a positive signal for Piraeus Bank and the country’s financial sector overall, said Christos Megalou, Piraeus’ CEO Christos Megalou Chief Executive Officer of Piraeus Bank notes the change in sentiment towards Greek assets and sizeable investor interest that resembles pre crisis era. This comes at the aftermath of the Bank’s access to debt capital markets for a Tier 2 bond issuance and the numerous investor meetings Christos Megalou hosted in London.During an interview with Greek political newspaper Kathimerini, Christos Megalou highlights the importance of this move for Piraeus Bank, as well as for the whole Greek banking sector and explains the conditionality under which the investor interest observed will turn into tangible investments for Greece. The CEO of Piraeus describes the initiatives that the Bank has undertaken for capital enhancement and the benefits arising from the recent st
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