Piraeus Bank has released the terms of its earlier planned €800 million rights issue,The Wall Street Journalreports. The Greek bank has decided to price 807 million shares at €1 per share at a subscription ratio of 12 new ordinary shares for every five existing shares.

Piraeus is also seeking to raise up to €1.05 billion in fresh capital and expects to get €250 million from convertible bonds. Barclays Capital, Credit Suisse, Goldman Sachs International and Morgan Stanley are acting as joint global coordinators and lead arrangers for the issue.

Click here for the story fromThe Wall Street Journal.

Click here for additional coverage fromFinancial Times.