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Greece : EUROBANK successfully finishes 500 million euro bond sale

June 23, 2014

Eurobank on 19 June 2014 announced the completion of a 500 million euro bond loan. The four-year issue carries a yearly coupon of 4.25% and was over two times oversubscribed, attracting bids valued 1.1 billion euros.

Eurobank before finished a global roadshow, organized by the coordinators of the issue, in London, Milan and Paris with about 50 institutional investors. The meetings verified a substantial interest from long-term investment funds, a sign of a gradual investor return to all categories in the Greek market.

The bond issue confirmed the global investment community s interest in Eurobank, as it first recorded during the recent successful share capital raise a plan valued 2.9 billion euros, which signalled the return of the bank to the private sector.

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Source: TendersInfo (India)

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