Eurobank issues €700 million bonds amid record investor demand

Eurobank has announced the successful placement of fixed-rate senior preferred bonds worth 700 million euros with a maturity date in 2032. The securities also feature a call option in 2031 and an annual coupon rate of 3.875%.

According to the bank's statement, the final placement took place amid strong interest from international investors: total demand reached around 2.7 billion euros, oversubscribing the issue volume by almost 3.9 times. This high demand allowed the credit spread to be compressed to 97 basis points, compared to the initial guidance of 125 bps.

More than 90 investors from various countries participated in the placement, ensuring broad geographical diversification. International participants accounted for about 91% of the issuance. The largest share went to investors from the UK and Ireland (32%), followed by Germany, Austria, and Switzerland (21%), Benelux (13%), and France (12%).

By investor type, 58% of the bonds were allocated to asset managers, 18% to banks and private banks, 13% to insurance and pension funds, and 9% to alternative investment funds.

The proceeds will be used to support the group's compliance with Minimum Requirement for Own Funds and Eligible Liabilities (MREL) targets, as well as for general corporate purposes. Settlement for the issuance is scheduled for May 25, 2026, after which the bonds will be admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange.