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Piraeus plans 3-yr euro benchmark bond -IFR

Source: Reuters - Wed 9th Sep 2009

Piraeus Group Finance, an arm of Greece's fourth-largest lender Piraeus Bank, plans to issue a 3-year senior euro benchmark bond, IFR reported on Wednesday.

Barclays, Citigroup, Natixis and UBS have been named to manage the deal, said IFR Markets, a Thomson Reuters online news and market analysis service.

Piraeus Bank, which is guaranteeing the deal, is rated BBB by Standard & Poor's, A2 by Moody's Investors Service and A- by Fitch Ratings.