Eurobank: Over EUR 1 billion offers for the 10-year bond

Intense demand recorded its 10-year Tier 2 , reaching more than 1 billion euros , a few hours after leaving the market. The tender book is scheduled to close within the day, with the first thoughts on valuation (IPTs) moving to Mid Swaps +220-225 units, meaning an estimated annualised yield at about 4.5%-4.6%. The expiry date of Eurobank’s Tier 2 bond is 2035 with the right to recall in 2030. CORVERSE The bond is expected to be assessed by Moody’s with Ba2 and BB- by Fitch. It is recalled that the bank has a BB-assessment by S&P with a positive outlook and BB+ by Fitch also with a positive outlook. This is the first market exit for Eurobank in 2025.