Notes Issuance | Eurobank
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Notes Issuance

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 June 8, 2007 and the notes will be listed on the Luxembourg Stock Exchange.

Citi, Deutsche Bank, Eurobank EFG and Goldman Sachs International were the lead managers.