By Paul A. Harris
Portland, Ore., June 19 – Eurobank Ergasias SA has priced a €500 million issue of 4¼% four-year bonds (Caa2/CCC+/) at 99.55, according to press material made available by the company.
Credit Suisse, HSBC, JPMorgan, Mediobanca and Nomura were the lead managers.
The Greek financial institution plans to use the proceeds for general liquidity purposes.
The deal played to international and domestic institutional investors from 13 countries and was oversubscribed by more than two times in a few hours, the company stated.
Leading up to the transaction a roadshow stopped in London, Paris and Milan.
| Issuer: | Eurobank Ergasias SA
|
| Amount: | €500 million
|
| Maturity: | Four years
|
| Securities: | Senior bonds
|
| Lead managers: | Credit Suisse, HSBC, JPMorgan, Mediobanca and Nomura
|
| Coupon: | 4¼%
|
| Price: | 99.55
|
| Ratings: | Moody's: Caa2
|
| Standard & Poor's: CCC+
|
| Marketing: | Roadshow
|
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