We are happy to announce the successful completion of the voluntary cash tender offer by National Bank of Greece (the Bank or NBG) of its €400,000,000 Subordinated Fixed Rate Resettable Tier 2 Notes due 2029 (the Notes) and the successful completion of the new issuance of €500 million Subordinated Tier 2 Notes due 2035 (the New Notes) on which the tender offer was conditional.

NBG accepted all validly tendered Notes, which will be cancelled, and the issuance of the New Notes was successfully placed with the international markets with a yield of 5.875%.

Our firm acted as external legal advisor to NBG on all Greek law aspects of the Tender Offer and the issuance of the New Notes.

Our team consisted of our Partner Alexandra Kondyli, our Senior Associate Maria Chronaki and our Associate Dimitris Passas; Greek tax law issues were handled by our tax team, Partner Georgios Minoudis and Associate Katerina Stathakarou.

Congratulations once again to our client and sincere thanks for the excellent cooperation and trust all these years.

For more information: https://www.nbg.gr/en/group/press-office/articles/R-27-03-24-exagora-omologiwn?_gl=1*ip1v6n*_ga*MjEwMjM1Njc4NC4xNzExOTYxODA2*_up*MQ and
https://www.nbg.gr/en/group/press-office/articles/r-20-03-24-t2-500m-en?_gl=1*18f204*_ga*MjEwMjM1Njc4NC4xNzExOTYxODA2*_up*MQ