I am holding XS0302804744.
Here is the detailed announcement in greek language.
http://www.eurobank.gr/Uploads/pdf/ΑΝΑΚΟΙΝΩΣΗ_ΕΛΛ.pdf
Why should i accept 50% for a security which matures at 2017?
Only if i am not sure if the bank won't exist after 5 year.
But i don't think that it won't exist.
I accepted the tender of NBoG (because it concerned a perpetual) and i re-invested the funds on Dt Bank, BZ and BACA
What could someone buy with the 50% of this Tier2.
Nothing better, i am afraid.
Any other idea?
Maybe an idea is to buy the Dexia CL that Zorbas bought yesterday.
But i saw serious net losses on 1st semi/2011.
Is it less risky to have Dexia instead of Efg?
Dexia is around 40-42. So there is a profit almost <15%.