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ERB Hellas wont pay dividends on preferreds guaranteed by Eurobank
By Wendy Van Sickle
Columbus, Ohio, Dec. 21 ERB Hellas Funding Ltd. will not declare or pay the dividends payable in January and February on its 300 million of series D 8.25% non-cumulative guaranteed non-voting exchangeable preferred securities, 200 million of series C fixed-rate non-cumulative guaranteed non-voting preferred securities and its 400 million of series B fixed-to-floating-rate non-cumulative guaranteed non-voting preferred securities.
According to related news releases, all three series of securities carry a subordinated guarantee from Eurobank Ergasias SA.
The dividend on the series D securities would have been payable on Jan. 29; the dividend on the series C securities on Jan. 11; and the dividend on the series B securities on Feb. 2.
Eurobank Ergasias is a bank based in Athens.
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