Piraeus Bank successfully valued its first Green Senior Preferred Bond for an amount of ?? 500mn

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The Piraeus Bank has succeeded in fixing the price of its first

Green Senior Preferred Bond in the amount of € 500 million

Piraeus Financial Holdings SA announces that its subsidiary Piraeus Bank SA (“Piraeus Bank”) has successfully completed the book-building process for the issuance of a € 500 million Green Senior Preferred bond (hereinafter also referred to as “the Bond”) at a coupon of 3.875%, arousing the interest of a large number of institutional investors.

With this issue, Piraeus Bank takes its ESG agenda forward, demonstrating its commitment to supporting the Greek economy and taking a further step towards implementing its medium-term strategy to meet its minimum capital and liability requirements. eligible (MREL).

The Bond has a maturity of six (6) years, an integrated issuer call option after five (5) years and will be listed on the Euro MTF market of the Luxembourg Stock Exchange.

The issue followed a two-day marketing period and received significant support from institutional investors with an order book of over 850 million euros from more than 70 investors.

BNP Paribas, BofA Securities, Goldman Sachs Bank Europe SE, Morgan Stanley, Nomura and UBS Europe SE acted as Joint Lead Managers of the issue. BNP Paribas acted as an advisor in the structuring of green bonds.

Christos Megalou, CEO of Piraeus Bank, commented: “Our inaugural € 500 million senior green bond issue demonstrates our commitment to finance the transition to sustainability of the Greek economy, businesses and households. We will use the net proceeds to increase our € 1.7 billion green financing with new projects or refinance existing projects that have been specifically selected in accordance with the eligibility criteria of our recently established green bond framework. Bank of Piraeus. ”

Athens, October 27, 2021

NOT FOR DISTRIBUTION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION OR TO DO SO IS ILLEGAL.

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THE DISTRIBUTION OF THIS AD MAY, IN CERTAIN JURISDICTIONS, BE RESTRICTED BY LOCAL LAW. PERSONS IN POSSESSION OF THIS ADVERTISEMENT ARE RESPONSIBLE FOR INFORMING AND RESPECTING ANY POTENTIAL LOCAL RESTRICTIONS.

This announcement does not constitute or form part of any offer or invitation to sell, nor any solicitation of an offer to purchase securities. In particular, this announcement does not constitute an offer of securities for sale in the United States of America. This advertisement is not intended for airing in the United States of America. The securities mentioned in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) and are subject to the requirements of United States tax law. Subject to certain exceptions, the securities referenced in this announcement may not be offered, sold or delivered in the United States or to, or on behalf of or for the benefit of, United States nationals, as these terms are defined in Regulation S of the Securities Act.

Governance of MiFID II products / Professional investors and ECPs only target the market. The securities referenced in this announcement were not intended to be offered, sold or otherwise made available and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA “).

Governance of MIFIR products in the UK / Professional investors and ECPs only target the market. The securities referenced in this press release were not intended to be offered, sold or otherwise made available and should not be offered, sold or otherwise made available to any UK retail investor.

Disclaimer

Bank of Piraeus SA published this content on October 27, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 27, 2021 05:07:10 PM UTC.


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