Joint Bookrunner in the new bond issue of Eurobank

The Intesa Sanpaolo IMI Corporate & Investment Banking Division acted as Joint Bookrunner in the new 500 million euro 6NC5yr Senior Preferred bond issue of Eurobank. The deal represents the first Greek bank issuance in 2023, marking the largest ever Senior Preferred orderbook for a Hellenic issuer.

On the back of the supportive feedbacks collected from investors, on January 19th Eurobank released the IPT (Initial Price Thoughts) at 7.5% YTC area. In less than two hours, investor orders reached 750 million euro, peaking at 1.45 billion euro; solid primary demand allowed the issuer to price the deal at 7.125% YTC, with a 7% coupon.

The deal saw the participation of over one-hundred investors, with the 71% of final issued amount allocated to foreign investors.