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Bernitsas Law Advises Piraeus Bank on EUR 500 Million Issuance of 2029 Senior Preferred Notes

Bernitsas Law Advises Piraeus Bank on EUR 500 Million Issuance of 2029 Senior Preferred Notes

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Bernitsas Law has advised the Piraeus Bank on its EUR 500 million issuance of Senior Preferred Notes due December 2029 and their listing on the Euro MTF Market of the Luxembourg Stock Exchange.

The notes were offered to international and domestic institutional investors. The transaction was priced on November 28, 2023, and was expected to settle on December 5, 2023. "It attracted significant interest from more than 150 institutional investors and was oversubscribed by 3.2 times, clearly indicating investors’ confidence in the prospects of Piraeus Bank," Bernitsas announced.

The firm also advised on Piraeus Bank's previous EUR 500 million issuance of senior preferred bonds, due 2028 (as reported by CEE Legal Matters on July 17, 2023).

The Bernitsas team included Partner Nikos Papachristopoulos, Counsel Maria Nefeli Bernitsa, and Associate Kelly Hatzigaki.

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