Eurobank S.A. has announced that, following strong interest from institutional investors, it has successfully completed the pricing of €400 million Fixed Rate Senior Preferred Notes due 2029, through a private placement with Morgan Stanley.
As noted in the bank's announcement, the Notes mature on 17 July, 2029, are callable at par on 17 July, 2028, and yield 3.50%. Settlement is scheduled for 17 April, 2026, while the Notes will be listed on the Luxembourg Stock Exchange’s Euro MTF market.
"Upon allocation of the new issue, foreign investors accounted for approximately 95% of the amount of the book at re-offer, with participation primarily from the United Kingdom (44%), France (20%) and Germany, Austria and Switzerland combined (10%). In terms of investor type, 70% was allocated to Asset Managers and 18% were Banks and Private Banks," the announcement said.
"The proceeds from the issuance will support Eurobank Group’s strategy to ensure continued compliance with the Minimum Requirements for Own Funds and Eligible Liabilities (MREL) and will be used for Eurobank’s general financing purposes," it continued, concluding, "Morgan Stanley acted as the sole bookrunner."
