Chicago, Jan. 19 – Eurobank SA priced €500 million of 7% six-year senior preferred notes (Ba3/B+/B+) on Thursday, according to a source.
The notes priced at 99.489 to yield 7 1/8%.
Initial price talk was in the 7˝% area.
There is a one-time par call on Jan. 26, 2028.
If the notes are not called, the coupon will reset on Jan. 26, 2028 to the one-year mid-swap rate plus 441.8 basis points.
BNP Paribas, Goldman Sachs Bank Europe SE (billing and delivery), HSBC, IMI-Intesa Sanpaolo and UBS Investment Bank are the joint bookrunners for the Regulation S deal.
Final book size was above €1.25 billion.
Proceeds will be used for general corporate and financing purposes.
The financial services company is based in Athens.
Issuer: | Eurobank SA
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Amount: | €500 million
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Issue: | Senior preferred notes
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Maturity: | Jan. 26, 2029
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Bookrunners: | BNP Paribas, Goldman Sachs Bank Europe SE (billing and delivery), HSBC, IMI-Intesa Sanpaolo and UBS Investment Bank
|
Coupon: | 7%
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Price: | 99.489
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Yield: | 7 1/8%
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Call features: | Par call on Jan. 26, 2028
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Trade date: | Jan. 19
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Settlement date: | Jan. 26
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Ratings: | Moody’s: Ba3
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| S&P: B+
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| Fitch: B+
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Distribution: | Regulation S
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Price talk: | 7˝% area
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Marketing: | Investor calls
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ISIN: | XS2579816146
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