Piraeus Bank announced on Thursday it opened a book building process for a 400-million-euro senior bond following yesterday’s presentation.
The interest rate is close to 7.375%.
Commerzbank, Goldman Sachs, Intesa Sanpaolo, JP Morgan and UBS have been appointed joint lead managers.
The bond is expected to be rated B1/B+ by Moody’s. It is the next bond issuance under MREL after Alpha Bank.
Piraeus Bank expects an interest rate of around 7%.