Optima Bank Achieves Impressive Oversubscription for €150M Tier II Bond Issue

Optima Bank has successfully completed the issuance of a reduced guarantee (Tier II) bond worth €150 million, with a duration of 10.25 years and a fixed interest rate. The bond features an optional redemption after 5.25 years under the bank’s medium-term note issuance program (EMTN). The bond issue attracted significant investor interest amounting to €1.665 billion, marking an oversubscription of over 11 times. This strong demand, with robust participation from institutional investors both domestically and internationally, reflects deep investor confidence in Optima Bank’s strategic direction since its inception. Notably, this is the highest oversubscription for a European bank bond issue in 2025 and the highest Greek issuance since 2020. The strong investor interest resulted in the bond coupon decreasing from an initial rate of 6.125% to 5.5%, a reduction of 62.5 basis points. Approximately 72% of the issuance was allocated to foreign institutional investors. This issuance is part of Optima Bank’s strategy to strengthen its supervisory capital and indices, ultimately aiming to provide liquidity to the economy through the financing of investment projects and development initiatives. Demetris Kyparissis, Managing Director of Optima Bank, stated: ‘The exceptional reception of the issuance by the investment community represents tangible recognition of our strategy and the dynamic journey we have undertaken. We continue to implement our business plan consistently, targeting continuous reinforcement of our presence in the Greek banking market.’ Goldman Sachs Bank Europe SE acted as global coordinator for the transaction, alongside Morgan Stanley SE as joint bookrunners. Optima Bank served as co-manager of the transaction, while DLA Piper and Bernitsas Law Firm acted as legal advisors.