Ethniki Insurance becomes first Greek insurer to tap debt capital markets

Piraeus Bank SA announced this week that its wholly owned subsidiary, the Ethniki Hellenic General Insurance Company SA, has successfully priced an inaugural dual-tranche subordinated bond issuance totalling €200 million. The milestone transaction marks the first subordinated debt capital markets issuance by a Greek insurer. The transaction comprises a €100 million Tier 2 bond carrying […]