Athens, Greece. Eurobank S.A. said it successfully priced a €700 million senior preferred bond issue, citing strong investor demand. The bank said total demand reached about €2.7 billion.
Bond terms and timeline
Eurobank said it issued fixed rate senior preferred notes due May 25, 2032, with settlement scheduled for May 25, 2026. The notes carry a coupon of 3.875 per cent per annum and include a call option at par on May 25, 2031.
Listing and investor access
The bank said the notes will be listed on the Luxembourg Stock Exchange’s Euro MTF market.
Order book and pricing outcome
Eurobank said the transaction drew about €2.7 billion of demand, representing an oversubscription of around 3.9 times. The bank said it achieved a reduced credit spread of 97 basis points, compared with initial guidance of 125 basis points.
Participation and investor mix
Eurobank said more than 90 investor accounts participated and that demand was geographically diverse. Following allocation, the bank said foreign investors accounted for about 91 per cent of the total order book.
How do you think strong foreign investor participation could affect Eurobank’s future funding plans?