Eurobank Ergasias amends, extends €200 million series 5 covered bonds

By Sarah Lizee

Olympia, Wash., March 13 – Eurobank Ergasias SA made amendments to its €200 million series 5 floating-rate covered bonds, according to a notice.

The amendments were made with the consent of the trustee acting on the direction of 100% of holders.

The maturity date was extended to March 20, 2020 from March 20, 2019.

Under the amendment, if an extended final maturity date is set and the final redemption amount is not paid in full on the final maturity date, payment of the unpaid amount will be automatically deferred until the extended final maturity date, provided that any amount due on the final maturity date may be paid by the issuer on any interest payment date occurring up to and including the relevant extended final maturity date.

The issuer is based in Athens.

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