Eurobank ends Greek banks’ capital market rehab

By Nathan Collins
19 Jun 2014

Eurobank on Thursday became the last of Greece’s big four banks to return to the capital markets after the country’s 2010 bailout. While the deal didn’t reach the blowout heights of some of its predecessors, it was received favourably and concluded a strong week of senior issuance that saw Dutch bank ING grab a hefty order book at an aggressive level.

Credit Suisse, HSBC, JP Morgan, Mediobanca and Nomura priced Eurobank's €500m four year print at a yield of 4.375%, in line with guidance and initial price thoughts of 4.375% area.

The yield offered a new issue premium of around 20bp, according to a banker involved in the deal.

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