Piraeus Bank announces the completion of the Tender Offer to purchase existing securities for cash. The Tender Offer referred to subordinated and hybrid securities totaling €489 mn. Barclays Bank Plc and Morgan Stanley acted as Dealer Managers.
The Bank accepted offers in the total amount of €144 mn, of which €60 mn subordinated securities and €84 mn hybrid securities.
This Tender Offer strengthened the quality and the structure of the regulatory capital of Piraeus Bank, with the increase of its Core Tier 1 capital by €83 mn (pre tax).
The Settlement Date in respect of those Securities accepted for purchase will be 14 March 2012.
Piraeus Bank has increased the interest rates on the «European» deposit in UAH for the terms 3 and 6 months....
On the occasion of the Day of Remembrance and Reconciliation, dedicated to those who died in the Second World War....