According to the listed company, the bonds are fixed-rate reset instruments, with an annual coupon of 4.125%, a maturity date of 29 April 2037, and a call option available from 29 January to 29 April 2032 (11.25NC6.25). The settlement of the issuance will take place on 29 January 2026, and the bonds will be listed for trading on the Euro MTF market of the Luxembourg Stock Exchange.
The transaction attracted exceptionally strong investor interest, with total demand reaching €3.8 billion, corresponding to a 9.5x oversubscription. This strong demand allowed Eurobank to raise the targeted amount while reducing the credit spread to 160 basis points, compared with 200 basis points in the initial indicative offer.
The bookbuilding process received orders from 117 investors, with significant geographical diversification and predominantly foreign participation, accounting for 94% of the issuance. Specifically, investors from the United Kingdom and Ireland represented 50%, from France 22%, and a combined 8% came from Germany, Austria, and Switzerland.
In terms of investor profile, 75% of the issuance was allocated to Asset Managers, 16% to Banks and Private Banks, and 3% to Insurance and Pension Funds.
The proceeds will contribute to the ongoing compliance of the Eurobank Group with the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and will be used for general corporate purposes.
The joint bookrunners for the offering were Bank of America, Citibank, JP Morgan, Santander, and UBS.
