Piraeus Bank on Thursday officially announced the successful issue of a 500 million euros Tier 2 bond with institutional investors at a coupon of 5.50 pct. The bond has a maturity of 10 years, an embedded issuer call option after 5 years and will be listed on the Luxembourg Stock Exchange.

Piraeus Bank on Tuesday announced the transfer of its Recovery Banking Unit to the new management company Alternative Financial Solutions (AFS).

Eurobank Ergasias SA on Friday announced the conclusion of the acquisition of Piraeus Bank Bulgaria AD, a subsidiary of Piraeus Bank, by Eurobank's subsidiary in Bulgaria, Eurobank Bulgaria AD, following receipt of the relevant regulatory approvals.