Eurobank has successfully priced its 850 million euros Green Senior Preferred Bond, with demand significantly exceeding expectations as the issue was oversubscribed by more than 5.4 times.
According to the bank’s announcement, the bond is expected to receive an investment-grade rating of “Baa2” from Moody’s, following the recent upgrade of the bank to investment grade by the same agency.
“This first green issuance for the bank demonstrates its firm commitment to sustainability and its goal of achieving net-zero carbon emissions by 2050,” the statement said.
The proceeds from the issuance will be directed toward the financing or refinancing of a portfolio of eligible green investments, in line with the criteria for use of proceeds and the selection process outlined in Eurobank’s Green Bond Framework, which adheres to the 2021 ICMA Green Bond Principles (GBP).
The bond has a maturity date of September 24, 2030, with an option for early redemption at face value on September 24, 2029 (6NC5), and carries an annual coupon rate of 4%. Settlement is set for September 24, 2024, and the bonds will be listed on the Luxembourg Stock Exchange (Euro MTF market).
Strong Demand for Eurobank’s Green Bond
The transaction was met with exceptional interest from investors, as evidenced by the fact that order books surpassed 2.5 billion euros within the first hour and a half. This led to total demand exceeding 4.5 billion euros. This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.
The issuance attracted strong demand from international investors, with broad geographical distribution. It garnered orders from approximately 270 investors, marking the largest order book and highest number of investors ever recorded for a Greek senior preferred bond. More than 60% of the final allocation went to investors with an ESG focus.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece
Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece
Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.
When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality
Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.
S&P Raises Greek Rating; BBB with Stable Outlook
S&P’s decision raises the Greek economy to the second notch of investment grade ladder, at BBB with a stable outlook.
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Ξενοδοχεία: Μεγάλο το ενδιαφέρον για επενδύσεις στην Ελλάδα – Η θέση της Αθήνας [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/03/Athens-hotels-90x90.jpg)
