“Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings) announces that its subsidiary “Eurobank S.A.” (Bank or Eurobank), successfully completed the issuance of €500 million senior preferred bond.
The bond matures on 9 March 2025 and is callable at par on 9 March 2024 (2.75NC1.75), offering a coupon of 4.375% per-annum. The settlement will occur on 9 June 2022. The bond will be listed on the Luxembourg Stock Exchange’s Euro MTF market.
The issue featured participation from both foreign and domestic investors with foreign investors accounting for over 52% of the total demand.
The proceeds from the issue will be used for Eurobank’s general funding purposes and this transaction is another step towards the implementation of the Bank’s medium-term strategy to meet its Minimum Required Eligible Liabilities (MREL) requirements.
Deutsche Bank, Morgan Stanley and Nomura, acted as Joint Lead Managers.
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