Eurobank follows NBG with covered bond triumph

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Eurobank follows NBG with covered bond triumph

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Two men withdraw cash from an automated teller machine (ATM) of Eurobank in Athens on the 23rd of June 2015. Photo: Socrates Baltagiannis/dpa | Socrates Baltagiannis/DPA/PA Images

Eurobank Ergasias is set to issue its first covered bond some 80bp tight of the Greek sovereign, exactly mirroring the pricing differential that National Bank of Greece (NBG) achieved with its larger trade in the same tenor two weeks earlier.

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