The book for the new senior preferred bonds of Eurobank opened, with the initial yield set at 6.25%, while the bank's target is to raise 500 million euros.

Eurobank's entry into the markets comes at a particularly favorable time for the Greek banking sector, where investor interest has proven to be very strong.

This follows the complete divestment of the Hellenic Financial Stability Fund (HFSF) in October from the systemic bank, which opened the "dance" of privatizations for the other systemic banks.

The entire issuance process is being handled by Barclays, Citigroup, Deutsche Bank, Nomura, and Société Générale, which commenced investor calls yesterday. The new senior preferred bond of Eurobank is expected to receive a credit rating of Ba1 (positive outlook) from Moody’s, BB- (positive outlook) from S&P, and BB (stable outlook) from Fitch. The bond has a duration of six years, with the option of redemption after five years.

The funds raised by Eurobank will be utilized towards reinforcing the minimum own funds and eligible liabilities requirements (MREL).

It is noted that according to the 9-month data, the systemic bank has already met this year's target, which is 23.19%, as the MREL indicator reached 23.69%. Furthermore, it has covered 60% of the distance from the final target of 27.8% set for January 1, 2026.