EFG Hellas Funding Limited, a Jersey-based subsidiary of EFG Eurobank, has successfully completed today the issuance of Lower Tier 1 capital in the form of preferred shares.
EFG Hellas Funding Limited, a Jersey-based subsidiary of EFG Eurobank, has successfully completed today the issuance of Lower Tier 1 capital in the form of preferred shares. The issue amount was EUR 150 million, with the issue date set for 9.11.2005. The transaction is perpetual in maturity, gives the issuer the right to call the issue back at par on 9.01.2011, and is fully guaranteed by EFG Eurobank. The issue pays fixed annual dividends of 6.00%.
The issue was offered to European investors and will be listed on London Stock Exchange, Frankfurt Stock Exchange and Euronext Amsterdam.
The lead managers of the issue were ABN AMRO, BNP PARIBAS and Lehman Brothers.
This transaction enhances the regulatory capital of EFG Eurobank and further improves its capital adequacy ratios.