Greek banks, insurer rush to issue €1.3B bonds ahead of rate decisions

Greek banks Piraeus, Eurobank and National Insurance Company raised €1.3 billion in bond issuance within days, despite ample capital and liquidity. The rush is driven by rising global bond yields and anticipation of ECB and possibly Fed rate hikes, prompting issuers to lock in cheaper funding before costs rise. This signals a strategic pre-emptive move in response to tightening monetary conditions.