EFG Hellas PLC, guaranteed by EFG Eurobank Ergasias S.A, announced today the issuance of €750 million subordinated floating rate notes.
The notes have a 10-year maturity that can be called at the initiative of the issuer after 5 years, with the consent of Bank of Greece, and are expected to be treated as Lower Tier II. The securities pay a floating interest rate coupon equal to three-month Euribor plus 30 basis points for the first 5 years.
The issue was placed with Greek and Europeaninstitutional investors. The settlement is on
Citi, Deutsche Bank, Eurobank EFG and Goldman Sachs International were the lead managers.