ECONOMY

Attica Bank may sell bond to plug shortfall

attica-bank-may-sell-bond-to-plug-shortfall

Greece’s small lender Attica Bank is considering issuing a bond to raise up to 70 million euros and help cover the remaining capital requirements identified in a stress test by the country’s central bank, it said on Friday.

The bank last year raised 681 million euros out of the 749 million euros it sought to plug a capital shortfall under the adverse scenario of the stress test.

“The securities would be offered on a private placement basis,” the bank said in a bourse filing.

[Reuters]