Greek Piraeus Bank rights issue at 1.0 eur/share

Greece's fourth-largest lender Piraeus Bank (BOPr.AT) will issue new shares 12-for-5 at 1.0 euros each to raise 807 million euros in a rights offering, its board said on Monday.
The cash call will boost its Tier 1 capital adequacy ratio by 200 basis points to 10.8 percent.

(Reporting by George Georgiopoulos)




Reuters
http://in.reuters.com/article/idINATH00586120110103