IFLR1000

Eurobank Ergasias €2.04 billion recapitilisation

7/12/2015
Share offer
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€ 2.04 billion

$ 2.224 billion

Completed

7/12/2015

Overview:

  • Eurobank Ergasias has completed its €2 billion recapitilisation
  • The exercise comprised a private placement of new shares to eligible investors and a voluntary liability management exercise in which Eurobank issued new ordinary shares in exchange for certain outstanding debt securities.
  • Eurobank successfully raised the full amount of its capital shortfall through private means, thereby avoiding the application of mandatory burden-sharing measures or state aid.

Sam Duke - Editor

Jurisdiction:

Greece

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Banking

Firms:
Bernitsas Law

Party: Eurobank Ergasias (Issuer)

Lawyers: Athanasia Tsene, Nikos Papachristopoulos

Herbert Smith Freehills

Party: Bank of America Merrill Lynch (Global coordinator)

Party: HSBC (Global coordinator)

Party: Mediobanca (Global coordinator)

Party: Barclays (Underwriter)

Party: Nomura (Underwriter)

Party: BNP Paribas (Underwriter)

Party: Commerzbank AG (Underwriter)

Party: Axia (Underwriter)

Party: Euroxx Securities (Underwriter)

Party: Keefe Bruyette & Woods (KBW) (Underwriter)

Lawyer: Dinesh Banani

Shearman & Sterling

Party: Eurobank Ergasias (Issuer)

Lawyers: Barnabas (Barney) Reynolds, James Duncan

Zepos & Yannopoulos

Party: Bank of America Merrill Lynch (Global coordinator)

Party: HSBC (Global coordinator)

Party: Mediobanca (Global coordinator)

Party: Barclays (Underwriter)

Party: Nomura (Underwriter)

Party: BNP Paribas (Underwriter)

Party: Commerzbank AG (Underwriter)

Party: Axia (Underwriter)

Party: Euroxx Securities (Underwriter)

Party: Keefe Bruyette & Woods (KBW) (Underwriter)

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