Today, EFG Hellas Plc issued €750 million senior unsecured floating rate notes. EFG Hellas PLC is a fully owned subsidiary of EFG Eurobank Ergasias S.A. in London. The notes have a 5-year maturity and pay floating rate interest quarterly based upon a coupon of 3-month Euribor +0.25%.
Today, EFG Hellas Plc issued €750 million senior unsecured floating rate notes. EFG Hellas PLC is a fully owned subsidiary of EFG Eurobank Ergasias S.A. in London. The notes have a 5-year maturity and pay floating rate interest quarterly based upon a coupon of 3-month Euribor +0.25%.
This issuance of senior unsecured notes is under the Euro Medium Term Note (EMTN) programme of EFG Hellas PLC. The notes are guaranteed by EFG Eurobank Ergasias and will be listed on the Luxembourg Stock Exchange.
The notes were very will received by institutional investors and banks across Europe, which was confirmed by the significant oversubscription of the issue.
The Joint Lead Managers are Barclays Bank, JP Morgan Chase and UBS.
The purpose of this notes issuance is to support the anticipated business expansion of EFG Eurobank Ergasias in Greece and abroad, taking advantage of current market conditions.