NBG issues 650 mln euro Green senior preferred bonds with a yield of 3.5%

NBG issues 650 mln euro Green senior preferred bonds with a yield of 3.5%

Business

The National Bank of Greece (NBG) has successfully placed a 650-million-euro senior preferred bond in the international capital markets, offering a yield of 3.5%. The bond, maturing in six years and callable after five years, marks NBG’s first investment-grade-rated Senior Preferred bond issuance since regaining its investment-grade status, CE Report quotes Athens-Macedonian

The transaction received strong investor demand, attracting approximately 4 billion euros from over 200 investors and was oversubscribed by more than six times. The final yield of 3.5% reflects a spread of 130bps over the corresponding mid-swap rate, the tightest spread achieved for Greek senior preferred issuance. Over 90% of the bonds were allocated to international institutional investors with over 90% placed with asset managers, insurance companies, pension funds, private banks and banks’ treasuries.

More details at the link

Tags

Related articles

Romania Open for Business
Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.
Bulgarian Nurses Protest for Better Conditions
On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.
Investor Exodus Over Political Turmoil
Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.
Bulgaria Reports Q1 Budget Deficit
Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.