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ERB Hellas wont pay dividends on preferreds guaranteed by Eurobank
By Tali Rackner
Norfolk, Va., March 29 ERB Hellas Funding Ltd. will not declare or pay the dividends payable in January and February on its 400 million series B fixed- to floating-rate noncumulative guaranteed non-voting preferred securities, 200 million series C fixed-rate noncumulative guaranteed non-voting preferred securities and 300 million series D 8.25% noncumulative guaranteed non-voting exchangeable preferred securities.
According to separate filings with the London Stock Exchange, all three series of securities carry a subordinated guarantee from Eurobank Ergasias SA.
The dividend on the series B securities would have been payable on May 2, the dividend on the series C securities on April 9 and the dividend on the series D securities on April 29.
Eurobank Ergasias is a bank based in Athens.
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