Greek agri-bank plans bond issue

12 February 1998

Greek agri-bank plans bond issue

AGRICULTURAL Bank of Greece (ABG), the main source of financing for Greek farmers and agricultural co-operatives, is to issue a $200 million subordinated bond for placement with international investors.

The bond will be used to finance its development as a full-service bank and to promote expansion in the Balkan region. It hopes to form a joint venture bank in Serbia with Beobanka, a leading state-owned bank.

• Financial Times 12/02/98 page 36