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Prospect News home > News index > List of issuers P > Headlines for Piraeus Group Capital Ltd. > News item
Published on 10/9/2014 in the Prospect News Distressed Debt Daily and Prospect News Preferred Stock Daily.

Piraeus subsidiary will not pay dividend on €200 million of securities

By Kali Hays

New York, Oct. 9 – Piraeus Bank SA subsidiary Piraeus Group Capital Ltd. said that it will not pay a preferred dividend due Oct. 27 on €200 million of series A floating rate non-cumulative non-voting preferred securities, according to a Thursday news release.

The securities have a subordinated guarantee from Piraeus Bank.

Piraeus Bank is a financial services company based in Athens, Greece.


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