Acted as Greek legal counsel to Piraeus Bank for the issue of a five-year €500 million euros covered bond at Euribor plus 250 basis points under its €10 billion Covered Bond Programme. The bonds were distributed to international organisations, such as European Investment Bank, European Investment Fund and European Bank for Reconstruction and Development. The proceeds of the bond were used to fund small- and medium-sized enterprises in Greece. It is noted that DVLaw has acted as Greek legal counsel in connection with the establishment by Piraeus Bank of its €10 billion residential mortgage Covered Bond Programme I in 2011 and since then is acting as the Bank’s legal counsel in all transactions relating thereto (cover pool management, issuance of all series thereunder, programme updates, transaction document amendments etc.). DVLaw team on covered bonds is led by our partner Yiannis Palassakis.