We are happy to announce the successful completion of the new issuance by our client, National Bank of Greece, of €650,000,000 Fixed Rate Resettable Green Unsubordinated MREL Notes.

The net proceeds from the issue of the Notes will be used to finance or refinance a portfolio of Green Projects selected in accordance with the process described in the Bank’s Sustainable Bond Framework, and to further strengthen its MREL base.

Our core team consisted of our partner Alexandra Kondyli and our associate Dimitris Passas and Greek tax law issues were handled by our senior associate Eleonora Ligoutsikou.

Congratulations once again to our client for this landmark issuance and its dedication towards sustainability and the European and Greek green transition.