Greece's Piraeus Bank to tap debt market after five-year drought

Greece's second-largest lender Piraeus Bank (ATH:TPEIR) is planning the first foray in five years by a major Greek lender into debt markets via a bond issue, it said on Thursday. Greek banks were shut out of capital markets after the debt crisis in late 2009. They were then hit by big losses from a sovereign debt write-down that led to their recapitalisation last summer. A banking source close ...

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