Report
Carine Maciol

Piraeus Bank : Issuance Focus

For the second time this year, Piraeus Bank has revisited the subordinated debt market to issue an 11NC6 Tier 2 bond. This issue is coupled with a cash buyback offer for its Tier 2 2030 bond, callable in February 2025 (5.50% coupon). The Tier 2 bond will be issued by the holding company Piraeus Financial Holdings and will be rated Ba3/B+ (Fitch). Piraeus has benefited from several rating upgrades in recent months, warranted by the continuous and significant improvement in it...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carine Maciol

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