Reports indicate that Eurobank's senior bond exit saw strong demand, leading the bank to ultimately raise €600m instead of the €500m initially requested. Specifically, the bids submitted for Eurobank's 5.25-year callable 4.25-year bond exceeded €3.3 billion. 

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As a result, Moody's placed the initial pricing considerations (IPT) in the mid swap +155 bps range (roughly 3.5% to 3.6%), while the issue's coupon also fell to the mid swap +125 bps (i.e., around 3.3%) level as estimated. The security is expected to be rated 'Baa2' by Moody's. 

Underwriters for the issue are Citi, Deutsche Bank, IMI-Intesa Sanpaolo, Jefferies, Santander and Societe Generale.