Chicago, Jan. 19 – Eurobank SA priced €500 million of 7% six-year senior preferred notes (Ba3/B+/B+) on Thursday, according to a source.
The notes priced at 99.489 to yield 7 1/8%.
Initial price talk was in the 7˝% area.
There is a one-time par call on Jan. 26, 2028.
If the notes are not called, the coupon will reset on Jan. 26, 2028 to the one-year mid-swap rate plus 441.8 basis points.
BNP Paribas, Goldman Sachs Bank Europe SE (billing and delivery), HSBC, IMI-Intesa Sanpaolo and UBS Investment Bank are the joint bookrunners for the Regulation S deal.
Final book size was above €1.25 billion.
Proceeds will be used for general corporate and financing purposes.
The financial services company is based in Athens.
| Issuer: | Eurobank SA
|
| Amount: | €500 million
|
| Issue: | Senior preferred notes
|
| Maturity: | Jan. 26, 2029
|
| Bookrunners: | BNP Paribas, Goldman Sachs Bank Europe SE (billing and delivery), HSBC, IMI-Intesa Sanpaolo and UBS Investment Bank
|
| Coupon: | 7%
|
| Price: | 99.489
|
| Yield: | 7 1/8%
|
| Call features: | Par call on Jan. 26, 2028
|
| Trade date: | Jan. 19
|
| Settlement date: | Jan. 26
|
| Ratings: | Moody’s: Ba3
|
| S&P: B+
|
| Fitch: B+
|
| Distribution: | Regulation S
|
| Price talk: | 7˝% area
|
| Marketing: | Investor calls
|
| ISIN: | XS2579816146
|
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