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Published on 1/4/2018 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

ERB Hellas to skip dividend payout on €200 million series C preferreds

By Tali Rackner

Minneapolis, Jan. 4 – ERB Hellas Funding Ltd. will not pay the dividends payable Jan. 9 on its €200 million series C fixed-rate non-cumulative guaranteed non-voting preferred securities, according to a filing with the London Stock Exchange.

The preferreds are guaranteed on a subordinated basis by Eurobank Ergasias SA.

Eurobank Ergasias is a bank based in Athens.


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