We are very happy to announce the successful completion of a GBP 200 million senior preferred bonds issuance by National Bank of Greece (the Bank) under the GMTN Program of the Bank which was successfully placed in the international capital markets (the Notes).

The deal is the first offering in this currency from a Greek bank since 2009 with 70% of the Notes allocated to foreign investors.

The issuance is part of the Bank’s strategy to increase its Minimum Required Eligible Liabilities (MREL), which is a supervisory requirement for all systemic banks.

The Goldman Sachs Group Inc. acted as joint bookrunner of the issuance.

The capital markets and financial regulation matters were handled by our partner Alexandra Kondyli assisted by our Senior Associate Maria Chronaki and the tax matters were handled by our tax team (Eleonora Ligoutsikou, Georgios Minoudis, Katerina Stathakarou).

Many thanks to our client for giving us the opportunity to participate in fascinating transactions all these years.

For more information: https://lnkd.in/dM3CgVJA