Tier 2 capital
Bank bond issues look likely
All four major Greek banks are expected, sooner rather than later, to issue Tier 2 bonds, even those which have already done so.
The total value of the bonds will depend on the Single Supervisory Mechanism's setting of Tier 1 capital requirements at the end of the year, but is estimated to come to 2.5 billion euros, including nearly a billion each for Alpha and Piraeus.
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