Preferred stock

Alpha Bank on Wednesday announced it had successfully completed the issuance of a 500-million-euro senior preferred bond.

The issue attracted strong demand amounting to €1.3 billion, or roughly three times the initial target of €400 million.

Guess what the most preferred country is?

Terna Energy has decided to boost its capital by €50.1 million through private placement.

The decision will officially be taken at a general assembly on September 1 at company headquarters. If approved, the company will issue 4,556,757 common shares of a nominal value of €0.30 each, which will be distributed via private placement at an expected price of at least €11.

Titan Cement announced on Thursday that its public offering to shareholders has been successful, reaching 93 percent of common shares and 92.3 percent of preference shares, with the Athens-listed company beginning its parallel trading at the Euronext market in Brussels from Tuesday, July 23.

Eurobank, Greece's third-largest lender, said on Thursday it had bought back preference shares worth about 950 million euros from the government.

The shares were issued to the government under a 28-billion-euro liquidity support scheme extended to Greek banks in 2008 at the peak of the global credit crisis.

Piraeus Bank SA on Thursday approved the repurchase of its preferred shares from the Greek state and approved cancellation of these preferred shares in order to decrease its share capital by 750 million euros.

[Reuters]