Another breath on its debt was given to the Greek state since Alpha Bank announced, on Thursday, that it redeemed government bonds worth 940 million which was used as collateral in 2009 in order to raise money to strengthen its capital adequacy.
The bank had granted 200 million preference shares for these bonds.
Something similar had happened with Piraeus Bank, National Bank and Eurobank.
Piraeus Bank, after the successful capital increase appears ready to move to a similar motion with that of Alpha Bank.
Cumulatively , these two banks alone will give the state around 1.8 billion to repay an equal bonds value in May.
Note that bond maturity that banks had received in exchange for the issuance of preference shares is May 21st, 2014.