Piraeus Bank enters the markets with a green bond.
The amount of the issue of senior preferential bonds is estimated at 500 million euros
The bank has authorized BNP Paribas as the sole Green Structurer and BNP Paribas, BofA, Commerzbank, HSBC and Intesa Sanpaolo as underwriters for the issue.
This is a security issue with a maturity of 5 years that can be paid in 4 years at the latest (5NC4).
The proceeds are expected to be used to finance or refinance the bank’s Green Assets and further strengthen the MREL base.
The deal is expected to close in the near future, subject to market conditions, while the security is expected to receive a Baa3 rating from Moody’s.
