The Greek Deal.com
EUROBANK
Contract with Eurobank to expand vineyards capacity
Lazaridis Estate: contract with Eurobank for a 1.23 million euro bond
€410 million to the parent company for dividend distribution from the fiscal year 2023
The Board of Directors of the Bank approved the distribution of optional reserves to its sole shareholder, Eurobank Holdings
Upgrades Greek banks with a positive outlook
As S&P explains, Greek banks are ready to capitalize on the country's stable growth prospects.
Revises Piraeus, Eurobank, NBG, Alpha Outlook to Positive
Fitch states that the outlook upgrade reflects the assessment that the upgrade of Greece's credit rating to investment grade will benefit the operational environment of the banks.
Aquires a minority stake in Mintus
The participation signifies the positive assessment of Mintus Group by Eurobank Asset Management and serves as a catalyst for further collaboration with the aim of accessing alternative investment categories globally.
Strategic partnership with Plum
Eurobank will initially invest €5 million for its share in Plum, with the potential for an additional €5 million over time
Offers from 101 investors for the senior preferred bond
The bond matures on 28 November 2029 and is callable at par on 28 November 2028 (6NC5), offering a coupon of 5.875% per annum
Offers for the senior preferred bond surpassed €1.6 billion
The final interest rate was set at 5.875%, significantly lower than the initial rate, which was initially set at 6.25%.
Bids for the senior preferred bond exceeded €1.4 billion – Raises €500 million
The bank ultimately raises €500 million, with bids exceeding €1.4 billion, covering the issuance nearly three times over.
Starts book building process - AT 6.25% the interest rate
Eurobank's entry into the markets comes at a particularly favorable time for the Greek banking sector
Why it's proceeding to issue a bond
According to information, the bank is attempting to capitalize on the positive momentum in the Greek economy, especially in the banking sector, following the placement in the National Bank