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Bernitsas Law Advises Eurobank on EUR 650 Million Senior Preferred Notes Issuance

Bernitsas Law Advises Eurobank on EUR 650 Million Senior Preferred Notes Issuance

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Bernitsas has advised Eurobank on the issuance and offering of its new EUR 650 million senior preferred notes due April 2031 to international and domestic institutional investors, as well as their listing on the Euro MTF Market of the Luxembourg Stock Exchange.

According to Bernitsas, “investor confidence in Eurobank’s credit standing was evidenced by strong participation and resulted in a final demand over EUR 1.4 billion, an oversubscription of over two times. The proceeds from the issue of the notes will support Eurobank Group’s strategy to ensure ongoing compliance with its MREL requirement and will be used for Eurobank’s general funding purposes.”

In 2023, Bernitsas advised Eurobank on a EUR 500 million senior preferred instrument issuance (as reported by CEE Legal Matters on December 6, 2023).

The Bernitsas team included Partners Nikos Papachristopoulos and Maria Nefeli Bernitsa.

Bernitsas did not respond to our inquiry on the matter.

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