Institutional investors were very interested in Eurobank's €650 million Fixed Rate Senior Preferred Bonds due 2031 (ISIN: XS2806452145) (the "Initial Bonds").

As a result, Eurobank Holdings' subsidiary, Eurobank, was able to successfully tap the initial bonds for a total of €100 million through a private placement with Banco Santander. These "new bonds" are in addition to the initial bonds, and together they are called "bonds."

The issue price of the new bonds is 100.324%, implying a yield of 4.806%.

The New Bonds shall be consolidated and form a single series with the Initial Bonds. Settlement of the New Bonds will take place on 12 July 2024. The New Bonds will be listed on the Luxembourg Stock Exchange's Euro MTF market.

The proceeds from the Bonds will support Eurobank Group's strategy to ensure ongoing compliance with its Minimum Required Eligible Liabilities (MREL) requirement and will be used for Eurobank's general funding purposes.