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CREDIT SUPPLY: TPEIR Final Terms, MS+315bp, 15-20bp NIC, >4x Cover

CREDIT SUPPLY

Piraeus (TPEIR: Ba2 pos/B+/BB pos) Tier 2 sub debt final terms, sized at EUR650m, books >EUR2.7bn, so >4x cover. NIC is 15-20bp based on our FV.

  • “FINAL TERMS: Piraeus Bank €650m 11NC6 Tier 2 MS+315” - BBG
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Piraeus (TPEIR: Ba2 pos/B+/BB pos) Tier 2 sub debt final terms, sized at EUR650m, books >EUR2.7bn, so >4x cover. NIC is 15-20bp based on our FV.

  • “FINAL TERMS: Piraeus Bank €650m 11NC6 Tier 2 MS+315” - BBG