The bidding process for the new Eurobank senior preferred bond has closed, with the issuance proving to be particularly successful and encountering strong demand from investors.

The final interest rate was set at 5.875%, significantly lower than the initial rate, which was initially set at 6.25%.

The bank ultimately raises €500 million, with bids exceeding €1.6 billion, covering the issuance more than three times over.

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

The funds raised by Eurobank will be utilized to strengthen the minimum requirements for own funds and eligible liabilities (MREL).