Eurobank: Over 52% participation of foreign investors in the senior bond € 500 million.

With foreign investors participating at a rate of more than 52%, the issuance of a 500 million euro senior preferred bond of Eurobank was completed.

It is recalled that as it became known yesterday, the offers exceeded 650 million euros, while the final interest rate remained at the same levels as the initial guidance and 4.5%, and the coupon was 4.375%.

According to the bank, the funds raised from the issue will be used for general financing purposes of Eurobank, while noting that the transaction is another step towards the implementation of its medium-term strategy.

The announcement in detail:

“Eurobank Ergasias Services and Holdings Societe Anonyme” (Eurobank Holdings) announces that its subsidiary “Eurobank Bank Societe Anonyme” (Bank or Eurobank) has successfully completed the issuance of a senior preferred bond of 500 million euros.

The bond has an expiration date of March 9, 2025 with the possibility of revocation on March 9, 2024 (2.75NC1.75) and an annual interest rate of 4.375%. The settlement date is June 9, 2022. The bond will be traded on the Luxembourg Stock Exchange in the Euro MTF market.

There was participation from both foreign and domestic investors, with foreign investors accounting for over 52% of total demand.

The funds raised from the issue will be used for general financing purposes of Eurobank and the transaction is another step towards the implementation of the Bank’s medium-term strategy to meet its obligations regarding the Minimum Equity Requirement and Eligible Liabilities (Minimum Requirements). Eligible Liabilities – MREL).

The issue was co-ordinated by Deutsche Bank, Morgan Stanley and Nomura. ”