Piraeus Bank announces Hybrid Tier 1 Euro-denominated Bond Issue

Piraeus Bank today announced that it plans to launch a euro-denominated perpetual Tier 1 issue, through its subsidiary Piraeus Group Capital Ltd.

ABN AMRO Bank N.V., Alpha Bank A.E. and Morgan Stanley & Co. International Limited have been mandated to act as joint-bookrunners. The bond will be callable after ten years. Launch is expected in the near future subject to market conditions.