The National Bank of Greece successfully completed the placement of a €650 million high-quality bond in the international markets, with a yield of 3.5%.

Αccording to the announcement, the six-year bond, callable at five years, marks the first bond issue since the National Bank regained investment grade status.

The transaction attracted significant interest from investors, attracting offers of approximately €4 billion from more than 200 investors, more than six times the amount of the issue.

The final yield of 3.5% corresponds to a spread of approximately 130 bps above the corresponding mid-swap which is the lowest spread ever achieved in a senior bond issue by a Greek bank.

Over 90% of the bonds were allocated to international institutional investors with over 90% to asset managers, insurance companies, pension funds, banks and bank treasuries.

This bond represents the second Green Bond issue by the National Bank of Greece, bringing the proportion of green bonds to 45% of the Bank's total senior bonds. The proceeds of the issue will be used to finance or refinance a portfolio of Green Projects in line with National Bank's Sustainable Bond Framework, reinforcing the Bank's commitment to sustainability and its leadership in financing renewable energy projects.

This transaction meets the final Minimum Requirement for own funds and Eligible Liabilities (MREL) target and reflects the strong investor confidence in both the financial strength of National Bank and the prospects of the Greek economy.