Eurobank raises €400 million in bond issue, continues share buyback

Eurobank S.A. has announced it successfully priced a €400 million senior preferred bond issuance following strong demand from institutional investors.

The bank said the Fixed Rate Senior Preferred Notes due July 17, 2029 were placed privately with Morgan Stanley, highlighting robust investor appetite.

The bonds carry a yield of 3.50 per cent and include a call option at par on July 17, 2028.

Settlement of the transaction is scheduled for April 17, 2026, while the securities will be listed on the Luxembourg Stock Exchange Euro MTF market.

Demand for the issuance was driven overwhelmingly by international investors, the bank explained, who accounted for approximately 95 per cent of the order book at re-offer.

Participation was led by investors from the United Kingdom with 44 per cent, followed by France with 20 per cent and Germany, Austria and Switzerland combined with 10 per cent.

In terms of investor profile, asset managers accounted for 70 per cent of allocations, while banks and private banks represented 18 per cent.

The proceeds of the issuance will support the bank’s strategy to maintain compliance with Minimum Requirements for Own Funds and Eligible Liabilities, while also serving general financing purposes.

Moreover, Morgan Stanley acted as sole bookrunner for the transaction, the bank confirmed.

In a separate announcement, Eurobank said it had continued its share buyback programme by repurchasing shares on the Athens Stock Exchange between April 7, 2026 and April 9, 2026.

The programme, initially announced on December 12, 2025 and approved by shareholders on October 22, 2025, is being implemented in line with Greek corporate law and follows a previous programme by Eurobank Holdings.

During the three day period, the bank acquired a total of 677,073 own shares at an average purchase price of €3.7300 per share.

The total cost of the transactions amounted to €2,525,514.49, reflecting continued execution of the capital management strategy.

On April 7, 2026, Eurobank purchased 224,851 shares at an average price of €3.5484, with prices ranging between €3.5100 and €3.5830.

On April 8, 2026, it acquired 176,454 shares at an average price of €3.9140, with a high of €3.9590 and a low of €3.8160.

On April 9, 2026, the bank bought 275,768 shares at an average price of €3.7604, with prices ranging between €3.7170 and €3.8000.

All transactions were executed through Eurobank Equities Single Member Investment Firm S.A. as a member of the Athens Stock Exchange.

Following the latest purchases, Eurobank now holds a total of 29,250,739 own shares, strengthening its treasury position.