Eurobank completes €500 mln bond issue

Eurobank completes €500 mln bond issue

Eurobank announced on Wednesday it had successfully completed its second consecutive 500-million-euro senior preferred issue in 2021, attracting the interest of a large number of institutional investors.

The issue was oversubscribed more than 1.5 times, which enabled Eurobank to lower the interest rate by 12.5 basis points, from the 2.50% initially offered to the 2.375% re-offer yield, evidencing investors’ confidence in Eurobank and the Greek economy.

The bond matures in six-and-a-half years, on March 14, 2028, and is callable at par in five-and-a-half years, on March 14, 2027, offering a coupon of 2.25% per annum.

The settlement date is next Tuesday and the notes will be listed on the Luxembourg Stock Exchange’s Euro MTF market.

The issue featured participation by both foreign and domestic investors, the lender said.

The proceeds from the issue will be used for Eurobank’s general funding purposes, including the financing of green projects.

This transaction is another step toward the implementation of Eurobank’s medium-term strategy to meet its Minimum Required Eligible Liabilities (MREL) requirements scheduled for 2025, and reflects the bank’s ongoing commitment to the protection of depositors, according to Eurobank.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.