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Issue of € 750 million

EFG Eurobank successfully launched yesterday a senior floating rate note from EFG Hellas PLC. The notes have a 5-year maturity, with a coupon of 3m Euribor + 15 bps. The issue size is 750 million euros.  The notes will be guaranteed by EFG Eurobank Ergasias and will be listed on the Luxembourg Stock Exchange.

For this issue, which was targeting mainly foreign institutional investors, there was great demand, confirmed by the oversubscription of the notes.

The Lead Managers for this transaction are Banc of America Securities Ltd, Deutsche Bank and Lehman Brothers; BBVA and Natixis senior co-managers; Piraeus Bank co-manager.

The ratings of EFG Eurobank Ergasias are A2 by Moody’s, A- by Standard & Poor’s and A by Fitch.

The issue was launched under the EMTN programme and the proceeds will be used for the medium term general funding of the bank.