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ERB Hellas to skip dividend payout on 8.25% exchangeables, preferreds
By Susanna Moon
Chicago, Oct. 24 – ERB Hellas Funding Ltd. will forgo making the dividend payment Oct. 20 on its €300 million series D 8.25% non-cumulative guaranteed non-voting exchangeable preferred securities.
ERB also will decline the dividend payable Nov. 2 on its €400 million series B fixed-to-floating non-cumulative guaranteed non-voting preferred securities, according to two separate notices.
The preferreds are guaranteed on a subordinated basis by Eurobank Ergasias SA.
Eurobank Ergasias is a bank based in Athens.
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