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Piraeus Bank: Successful Completion of the Book Building Process for the Issue of a?¬400 Million Dated Subordinated Notes

Piraeus Bank announces that it has successfully completed the book
building process for the issuance of 10NC5 dated subordinated notes
amounting to a?¬400 million, through its wholly owned UK subsidiary,
Piraeus Group Finance Plc and under the a?¬25,000,000,000 Euro Medium Term
Note Programme. The notes are placed in the international debt capital
markets and will increase Piraeus Banka??s total capital ratio by ca. 90
basis points.


Demand for the transaction stood at approximately a?¬850 million, with 135
investors placing orders as part of the book building process, which was
run by Goldman Sachs International and UBS Investment Bank. Orders from
more than 20 jurisdictions were received.


The coupon of the issue has been set at 9.75% and settlement is
scheduled for June 26th 2019.


Piraeus Banka??s Chief Executive Officer Christos Megalou commented: "We
are very pleased with the results of our Tier 2 issuance and the overall
market reception. This is the first public Tier 2 issuance by a Greek
bank since 2008. The high level of investor demand is a clear vote of
confidence from the market in the overall progress we have made at
Piraeus Bank. The issuance fortifies further our balance sheet and acts
as a key enabler for the implementation of our "Agenda 2023a?? strategic
plan, which will benefit our investors, customers and employees.a??
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