Athens, Greece. Eurobank S.A. said it successfully priced a €400 million senior preferred bond issuance after strong demand from institutional investors. The bank also reported further share repurchases under its buyback programme.
Bond issuance details
Eurobank said the Fixed Rate Senior Preferred Notes due July 17, 2029 were placed privately with Morgan Stanley. The bonds carry a yield of 3.50 per cent and include a call option at par on July 17, 2028.
Settlement of the transaction is scheduled for April 17, 2026, and the securities will be listed on the Luxembourg Stock Exchange Euro MTF market.
Investor demand and allocation
The bank said international investors accounted for approximately 95 per cent of the order book at re-offer. Participation was led by investors from the United Kingdom with 44 per cent, followed by France with 20 per cent and Germany, Austria and Switzerland combined with 10 per cent.
Asset managers accounted for 70 per cent of allocations, while banks and private banks represented 18 per cent, Eurobank said.
Use of proceeds and roles
Eurobank said the proceeds will support its strategy to maintain compliance with Minimum Requirements for Own Funds and Eligible Liabilities, while also serving general financing purposes. The bank confirmed Morgan Stanley acted as sole bookrunner for the transaction.
Share buyback update
In a separate announcement, Eurobank said it continued its share buyback programme by repurchasing shares on the Athens Stock Exchange between April 7, 2026 and April 9, 2026.
What do you expect Eurobank will prioritise with the proceeds from the bond issuance?
