Eurobank raises €600 million in green senior preferred bond issuance

Eurobank successfully raised €600 million through a seven-year green senior preferred bond issuance, which concluded on September 2, 2026. The offering, which matures on September 8, 2033, attracted significant international demand with an order book reaching approximately €1.4 billion, reflecting an oversubscription of 2.5 to 2.8 times. The final credit spread was set at 98 basis points over the mid-swap rate, a substantial reduction from the initial guidance of 125 basis points. The notes carry an annual coupon of 4.125 per cent and are callable by the bank starting September 8, 2032.

More than 65 investor accounts participated in the transaction, with 90 per cent of the demand originating from international investors. Participants from Belgium, the Netherlands, and Luxembourg represented 27 per cent of the total orders, followed by the United Kingdom. The securities are slated for listing on the Luxembourg Stock Exchange’s Euro MTF market, with settlement scheduled for September 8, 2026. The bond has secured ratings of Baa1 from Moody’s, BBB- from S&P, BBB from Fitch, and BBBH from Morningstar DBRS.

This capital raise is part of Eurobank’s ongoing strategy to strengthen its Minimum Requirement for own funds and Eligible Liabilities (MREL). The bank, supported by joint bookrunners Barclays, Commerzbank, HSBC, Natixis, and Société Générale, continues to expand its green debt footprint following its initial comparable issuance in 2024.