EFG Eurobank Ergasias S.A. announces to the public today that it was notified of the following:
“1 October 2009
EFG Bank European Financial Group completes the €250 million Exchangeable Securities Issue due 2014
EFG Bank European Financial Group SA (the “EFG Bank Group”) announces that the terms for the EFG Ora Funding Limited III €250 million bonds due 2014 and the attached, non-detachable exchangeable instruments issued by EFG Bank Group (together the “Exchangeable Securities”) have been fixed as follows:
- the exchange price has been set at €14.339 per share, which represents a 35% premium over the volume-weighted average price between launch and pricing of €10.6209, and
- the cash coupon has been set at 1.70 per cent per annum;
The Exchangeable Securities are expected to be issued and settled on or about 29 October 2009.
Applications will be made for the Exchangeable Securities to be listed on the Official List of the Luxembourg Stock Exchange and for admission of the Exchangeable Securities to trading on the Luxembourg Stock Exchange’s EuroMTF Market.
Barclays Capital and UBS Investment Bank are acting as the Joint Bookrunners and Joint Lead Managers for the offering. EFG Eurobank Ergasias S.A. is acting as Senior Co-Lead Manager. Rothschild is acting as financial adviser to EFG Bank Group.”