Piraeus Financial Holdings Successfully Priced a €400mn Additional Tier 1 Instrument

  • ATHENS, Greece--(BUSINESS WIRE)--Piraeus Financial Holdings S.A. (“Piraeus” or the “Group”) (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF) announces that it has successfully completed the pricing of €400 million Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Notes (the “Notes”). The AT1 Notes carry a coupon at 6.750%, which is paid semi-annually, on 30 June and 30 December in each year. They are perpetual and callable on 30 December 2030 or in any interest payment dat.