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CREDIT SUPPLY: TPEIR Final Spread MS+315bp, Books >EUR2.4bn.

CREDIT SUPPLY

Piraeus (TPEIR: Ba2 pos/B+/BB pos) Tier 2 sub debt final spread is MS+315bp, we see fair value around MS+295-300bp area. Books are now >EUR2.4bn (were EUR1.25bn) for benchmark.

  • “FINAL SPREAD: Piraeus Bank EUR Benchmark 11NC6 Tier 2 MS+315” - BBG
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Piraeus (TPEIR: Ba2 pos/B+/BB pos) Tier 2 sub debt final spread is MS+315bp, we see fair value around MS+295-300bp area. Books are now >EUR2.4bn (were EUR1.25bn) for benchmark.

  • “FINAL SPREAD: Piraeus Bank EUR Benchmark 11NC6 Tier 2 MS+315” - BBG