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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Piraeus Bank SA Covers Convertible Bond Loan Of General Bank of Greece SA; Exercises Conversion Option

Friday, 22 Feb 2013 10:34am EST 

Piraeus Bank SA announced that it signed a contract under which it has covered the Convertible Bond issued by General Bank of Greece SA (Geniki Bank) for the amount of EUR 350,300,000 and in parallel it has exercised its right to convert the bonds into General Bank’s shares of EUR 1.00 nominal value each, with conversion price of EUR 6.86 per share. Following the completion of the relevant procedure, the total stake of Piraeus Bank into Geniki Bank’s share Capital will be 68,162,490 common registered shares, i.e. 99.77%. 

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