Piraeus to forgo Jan. 27 dividend on €200 million preferred securities

By Jennifer Chiou

New York, Jan. 7 – Piraeus Bank SA subsidiary Piraeus Group Capital Ltd. announced that it will not pay the upcoming dividend on its €200 million of series A floating-rate non-cumulative guaranteed non-voting preferred securities.

According to a company filing, the dividend would have otherwise been payable on Jan. 27.

The company also skipped the dividend that would have otherwise been payable on Oct. 27.

The securities have a subordinated guarantee from Piraeus Bank.

Piraeus Bank is a financial services company based in Athens.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.