The guidance for the interest rate on the new senior preferred bond of Eurobank has been set at 5.875% to 6%, while the initial interest rate was fixed at 6.25%.

The bank ultimately raises €500 million, with bids exceeding €1.4 billion, covering the issuance nearly three times over.

This successful Eurobank market exit comes at a particularly favorable time for the Greek banking sector, where investment interest has proven to be very strong. This follows the complete disinvestment by the Hellenic Financial Stability Fund (HFSF) in October from the systemic bank, which initiated the 'dance' of privatizations for the other systemic banks.

Furthermore, this comes at a time when Greece has received investment-grade ratings from three of the five agencies recognized by the ECB (DBRS, S&P, Scope Ratings), with the possibility of the fourth agency following suit in a few days (Fitch, December 1st). Moody's has already been rating Eurobank's deposits as investment-grade since September.